How To Check Sai Life Sciences IPO Allotment Status — GMP Climbs Ahead Of Listing
The grey market premium of the Sai Life Sciences IPO was Rs 66 as of 12:59 p.m. on December 16. This indicates a listing gain of 12.02%, with the listing price being Rs 615 per share
Sai Life Sciences IPO share allotment is likely to be finalised on December 16 following a successful three-day bidding period.
Over the three-day subscription period between December 11 and December 13, Sai Life Sciences IPO was subscribed 10.26 times, with investors applying for 39,85,59,609 shares against the 3,88,29,848 shares on offer.
Qualified Institutional Buyers (QIBs) booked 30.93 times their quota, bidding for 33,01,25,058 shares compared to 1,06,71,763 shares reserved for them.
The retail investors' category was subscribed 1.37 times with bids for 2,69,12,493 shares against 1,97,10,659 shares set aside for them.
Non-institutional investors applied for 4,15,22,058 shares as compared to the 84,47,426 shares in their quota. The NII portion was subscribed 4.92 times.
The Rs 3,042.62-crore Sai Life Sciences IPO is a combination of a fresh issue of 1.73 crore shares totalling Rs 950 crore and an offer for sale of 3.81 crore shares worth Rs 2,092.62 crore.
The price band was fixed at Rs 522 to Rs 549 per share.
Shares of Sai Life Sciences Ltd are likely to be listed on BSE and NSE on Wednesday, December 18.
Investors who bid in Sai Life Sciences IPO now await the finalisation of share allotment status. Here is how to check on BSE, NSE and the registrar KFin Technologies Ltd.’s websites.
How To Check Sai Life Sciences IPO Share Allotment Status on BSE
Visit the IPO allotment page on the BSE website here.
Select Equity under the Issue Type dropdown menu.
Choose 'Sai Life Sciences Limited' from the dropdown menu.
Enter your PAN or application number.
Clear the 'Captcha' to verify that you are not a robot.
Click on the 'Search' option to view allotment status.
How To Check Sai Life Sciences IPO Allotment Status On Kfin Tech
Visit the official website of KFin Technologies here.
Choose any one from the five servers.
Choose 'Sai Life Sciences Ltd.' from the list of companies.
Enter the Application Number, Demat account number or PAN.
Enter details as per your selection.
Clear Captcha.
Click Submit to view the allotment status.
You can also check the status by logging onto the NSE website.
Sai Life Sciences IPO GMP Today
The grey market premium of the Sai Life Sciences IPO was Rs 66 as of 12:59 p.m. on December 16, according to InvestorGain. This indicates a listing gain of 12.02%, with the listing price being Rs 615 per share.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Use of Proceeds
Sai Life Sciences aims to use the proceeds from the fresh issue of the IPO to settle its debts and for general corporate purposes.
About Sai Life Sciences Ltd.
Sai Life Sciences Ltd. deals with research, development and manufacture of small-molecule new chemical entities. It offers custom-made services to global pharma and biotech companies.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
