Sai Parenteral's IPO
Sai Parenteral's Limited (SAIPARENT) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 April 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain 0.0% (likely range -20% to +14%), day's high +3.3%, chance of a gain 49%. Actual: +2.0% at the open, +6.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 21,12,900 | 36,10,266 | 1.71x | |
| NII (HNI) total | 16,22,876 | 38,31,502 | 2.36x | |
| Big NII (above ₹10 lakh) | 10,81,918 | 37,07,318 | 3.43x | |
| Small NII (₹2-10 lakh) | 5,40,958 | 1,24,184 | 0.23x | |
| Retail | 37,86,710 | 4,39,204 | 0.12x | |
| Total | 75,22,486 | 78,80,972 | 1.05x |
Bids on NSE and BSE together, as published by NSE, as of 27 Mar 2026, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Sai Parenteral's's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Rajputana StainlessMar 2026 | 2.51x | 2.59x | 0.27x | 1.12x | ₹293 Cr | 0.0% | +0.1% |
| GSP Crop ScienceMar 2026 | 2.66x | 3.05x | 0.40x | 1.61x | ₹406 Cr | +2.5% | +13.8% |
| GTPL HathwayJun 2017 | 1.48x | 2.85x | 0.99x | 1.53x | ₹492 Cr | 0.0% | +2.9% |
| ETHOSMay 2022 | 1.06x | 1.48x | 0.84x | 1.04x | ₹505 Cr | -6.0% | -4.3% |
| Abans HoldingsDec 2022 | 4.10x | 1.48x | 0.40x | 1.10x | ₹397 Cr | +1.1% | +1.1% |
| Suraksha DiagnosticDec 2024 | 1.74x | 1.41x | 0.95x | 1.27x | ₹846 Cr | -0.7% | +1.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Arihant Capital Markets | 3 | +2.7% | 67% |
Offer documents (NSE)
Frequently asked
What is the Sai Parenteral's IPO price band and lot size? ₹372–392 per share, with a lot of 38 shares, so the smallest retail bid is ₹14,896.
How many times has it been subscribed? 1.05x overall: QIB 1.71x, NII 2.36x, retail 0.12x.
How did it list? It opened at ₹400, +2.0% against the issue price of ₹392, and closed its first day +3.5%.
