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Sai Parenteral's

Sai Parenteral's

Open Date

Mar 24, 2026

Close Date

Mar 27, 2026

listed

Min Investment

₹14,896

Lot Size

38 Shares

Issue Size

₹408.79 Cr

Price Range

₹372 - ₹372

Listing Date

Apr 2, 2026

IPO Doc

RHP PDF

About Sai Parenteral's

Established in 2001, Sai Parenteral's Ltd. is a diversified pharmaceutical formulations company with expertise in research and development and manufacturing. The company has two business segments: Branded Generic Formulations and Contract Development and Manufacturing Organisation (CDMO) products and services. The company’s product portfolio covers a wide spectrum of pharmaceutical formulations in various therapeutic areas such as cardiovascular, neuropsychiatry, anti-diabetic agents, respiratory health, antibiotics, gastroenterology, vitamins, minerals, and supplements (VMS), analgesics, and dermatology in various dosage forms such as injectables, tablets, capsules, liquid orals, and ointments. The company’s customer base comprises central and state government departments, pharmaceutical companies, public and private sector hospitals, and super stockists across India. Sai Parenteral’s started its export business in FY 2023 after acquiring two international accredited facilities in Hyderabad, Telangana, and currently serves regulated and semi-regulated markets such as Australia, New Zealand, Southeast Asia, Middle East, and Africa. The company has five manufacturing facilities in India. Four are located in Hyderabad, Telangana. These are a GMP compliant injectable facility, a WHO-GMP injectable facility, a TGA-Australia and PIC/S accredited solid oral dosage facility, and a WHO-GMP cephalosporin facility. The company’s wholly owned subsidiary has a GMP certified facility located in Ongole, Andhra Pradesh. As of August 31, 2025, Sai Parenteral's Ltd. had 277 full-time employees.

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Company Valuation

Earning Expansion

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0GMP

Sai Parenteral's IPO - Issue Objectives

₹110.80 cr for capacity expansion and facility upgrade. The company will use ₹18.02 crore for the establishment of a new R&D centre. ₹14.30 cr for company loan and ₹35.64 cr for subsidiary bridge loan repayment. The company will use ₹33 crore for the working capital requirements of the business. Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Capacity expansion

38.8%

Establishment of R&D Centre

6.3%

Repayment of loan

17.5%

Working capital

11.5%

General corporate purposes

25.9%

1

Capacity expansion

₹110.80 cr for capacity expansion and facility upgrade.

38.80%
2

Establishment of R&D Centre

The company will use ₹18.02 crore for the establishment of a new R&D centre.

6.30%
3

Repayment of loan

₹14.30 cr for company loan and ₹35.64 cr for subsidiary bridge loan repayment.

17.50%
4

Working capital

The company will use ₹33 crore for the working capital requirements of the business.

11.50%
5

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

25.90%

IPO Subscription Status

Retails
0.11x
QIB
1.16x
NII
2.26x

Financials of Sai Parenteral's

In Cr.

Revenue: ₹89.43

EBITDA: ₹16.24

Profit: ₹7.76

Total Income
EBITDA
Total Profit
Negative Value
Key Performance Indicator30-Sep-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue89.43163.74155.1897.03
EBITDA16.2439.4431.7017.64
Expenses
Profit After Tax7.7614.438.424.38
Assets376.24272.39268.10133.96
Net Worth209.3795.7876.4031.49
Reserves188.8480.3661.3024.34
Borrowing76.0793.95118.7968.55

Sai Parenteral's - Promoter(s)

Anil Kumar Karusala

Vijitha Gorrepati

Karusala Aruna

Pre Issue Share Holding

N/A

Post Issue Share Holding

N/A

About Strength & Risks

Contact Details

Sai Parenteral's

Plot No 39, 5th Floor, Lavanya Arcade, Jayabheri Enclave, Gachibowli, K.V. Rangareddy, Seri Lingampally, Hyderabad, Telangana - 500032.

Sai Parenteral's IPO - FAQs

Sai Parenteral's IPO is a Mainboard IPO. The issue is priced at 372-₹392. The minimum order quantity is 38 Shares. The IPO opens on 24 Mar, and closes on 27 Mar. Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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