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Sai Parenteral’s IPO allotment likely today: Check status, GMP, other details

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Sai Parenteral’s IPO allotment likely today: Check status, GMP, other details
The share allotment for Sai Parenteral’s IPO is likely to be finalised by today. Investors who applied for the mainboard issue can check the allotment status by visiting the BSE or the website of the registrar, Bigshare Services Pvt Ltd. On the allotment date, investors learn about the number of shares allotted to them against the bids made.

Sai Parenteral’s IPO subscription status

The mainboard issue that closed on Friday, was subscribed 1.05 times over a three-day bidding period. It received over 78.80 lakh share bids against 75,22,486 equity shares available for booking.

The demand was mainly driven by non-institutional investors’ (NII) who subscribed the issue 2.36 times. Qualified Institutional Buyers (QIBs) subscribed the IPO 1.71 times their quota, while Retail Individual Investors (RIIs) hardly showed any interest, subscribing just 12% shares of the available quota.

Here’s how you can check the status on BSE:

Step 1: Visit the BSE ‘Status Application Check’ page https://www.bseindia.com/investors/appli_check.aspx

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Step 2: Select Issue Type: Equity/Debt
Step 3: Put PAN/Application No. and enter checkbox ‘I’m not a robot’.Step 4: Submit ‘Search’

Its stock is expected to get listed on April 2.

About Sai Parenteral’s IPO

The company has set the price band at Rs 372– 392 per share and retail investors can make applications for a minimum of 1 lot which comprises 38 equity shares amounting to Rs 14,896.

The IPO’s fresh issue aggregates up to Rs 285 crores while the OFS aggregates up to Rs 123.79 crores which includes anchor investor portion of 31,28,485 equity shares.

The company raised Rs 122.63 crore on Monday through five anchor investors.

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It has reserved 50% of the issue for qualified institutional buyers (QIBs), up to 35% for retail investors and 15% for non-institutional investors (NIIs).

Sai Parenteral’s IPO GMP

Shares of Sai Parenteral’s were not commanding any grey market premium (GMP) ahead of the opening of the issue. This implies a flat listing. The GMP is only an indicative price and could change as the issue progresses.

Sai Parenteral’s IPO net proceeds

The gross proceeds from the issue will be to the tune of Rs 285 crore. The company will utilise Rs 110.8 crore towards capacity expansion and upgradation of manufacturing facilities, Rs 18 crore for establishment of a new R&D Centre, Rs 14 crore towards repayment of borrowings, and Rs 33 crore for its working capital requirements.

About Sai Parenteral’s

Sai Parenteral’s (SPL) is a diversified pharmaceutical formulations company engaged in the business of branded generic formulations and Contract Development and Manufacturing Organisation (CDMO) products & services for the domestic and international markets. The company’s portfolio includes formulation products, covering both high-value and high-volume categories across therapeutic areas like cardiovascular, neuropsychiatry, anti-diabetic, etc., with offerings across dosage forms such as injectables, tablets, capsules, liquid orals and ointments.

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Sai Parenteral’s Financials

The company’s revenue from operations in H1FY26 stood at Rs 303 crore while its profit after tax (PAT) stood at Rs 2 crore. For FY25, revenue stood at Rs 495 crore versus Rs 154 crore in FY24 and Rs 97 crore in FY23. The PAT stood at Rs 20 crore in FY25 versus Rs 8 crore in FY24 and Rs 4 crore in FY23.

Sai Parenteral’s IPO lead managers

The Book Running Lead Managers (BRLMs) is Arihant Capital Markets Ltd while the registrar to the issue is Bigshare Services Pvt Ltd.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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Localisation lens on 500 most-imported items: DPIIT analysing data; move aims to reduce country’s import bill

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New Delhi: The government is examining 500-odd heavily imported products including machinery, fertilisers, chemicals, cotton staple fibre, plastics, silicon wafers and carbon fibres, to identify localisation opportunities and reduce dependence on overseas supply.

The commerce and industry ministry is collating data from different ministries on import dependence, estimated time and capital investment required to achieve commercially viable domestic manufacturing capability, and national strategic relevance of these products, officials privy to the development said.

The idea is to reduce the country’s import bill and build supply resilience amid the ongoing West Asia crisis.

The Department for Promotion of Industry and Internal Trade (DPIIT) is “analysing data such as production capacity and bottlenecks faced by industry,” one of the officials said.

Screenshot 2026-06-01 000118

The department has sought information such as the extent to which domestic demand for the product is met through imports, indicating vulnerability to external supply and the need for localisation, and the importance of the product in ensuring continuity, resilience, and stability of domestic manufacturing and essential downstream sectors.
The exercise also covers harvester-threshers, parts of turbo jets and certain graphite, officials said.
DPIIT is likely to shortlist around 100 items where the imports are high but the country has capacity to produce them locally, another person aware of the development said.
High import dependence means where 60% or more of the domestic demand for the product is met through imports while medium is where imports are 30-60%.

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India’s goods import bill stood at $774.98 billion in FY26, led by oil at $174 billion, electronics at $116.17 billion, and gold at $72 billion. The country also imported organic and inorganic chemicals worth $28 billion last fiscal.

Makeup preparations, dishwashers, industrial valves and certain silicon wafers also figure in the list of the products whose imports are being studied.

The exercise comes after Prime Minister Narendra Modi urged citizens to help preserve foreign exchange and contain the country’s rising import bill amid the ongoing conflict in West Asia.

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