About Sai Life Sciences Limited IPO.
Sai Life Sciences Limited was established in January 1999 with a focus on small-molecule new chemical entity (NCE) research, development, and manufacture. The business offers customized services to multinational pharmaceutical businesses and biotech enterprises. With an emphasis on innovation, Sai Life Sciences helps its customers by providing a variety of adaptable solutions that address a range of demands in the drug development process.
Global Presence and Prestigious Clientele.
The company assisted more than 280 pharmaceutical inventors in the Financial Year 2024, including 230 clients in September alone. In terms of revenue in 2023, it collaborated with 18 of the top 25 pharmaceutical businesses. With operations in the US, UK, Europe, and Japan, Sai Life Sciences has established a solid reputation as a reliable partner in the life sciences industry.
Comprehensive Services and Skilled Workforce.
Sai Life Sciences provides services for integrated discovery (CRO), contract development, and chemistry, manufacturing, and control (CMC). Among its 2,353 highly qualified scientific employees are 302 Ph.D.s and 1,475 master’s degree holders. The company continues to lead the CRDMO value chain, employing 3,135 people worldwide and having a specialized business development team in the US, UK, Europe, and Japan.
Sai Life Sciences Limited IPO: Strengths.
Leader in Integrated CRDMO Services: Based on FY24 revenue, Sai Life Sciences is among its Indian counterparts’ largest integrated Contract Research, Development, and Manufacturing Organizations (CRDMOs). The company serves a wide range of customers along the pharmaceutical value chain as a one-stop shop for discovery, development, and manufacturing services.
Comprehensive Value Chain Solutions: The business provides end-to-end services that include active pharmaceutical ingredients (APIs) and intermediates. Clients can attain efficiency and perfection in product development thanks to this all-inclusive strategy, which guarantees the smooth integration of development and manufacturing processes.
Rapid Growth and Expanding Clientele: The discovery division of Sai Life Sciences saw a remarkable CAGR of 34.77% from FY22 to FY24. The business continuously served more than 200 clients a year and added 230 new ones between FY19 and FY24, indicating strong growth and ongoing market confidence in its abilities.
Sai Life Sciences Limited IPO: Weaknesses.
Stringent Standards and Customer Audits: Customers of Sai Life Sciences often inspect its facilities, procedures, and policies to make sure that their stringent standards are being met. Sustaining customer relationships requires meeting these standards. Losing clients as a result of failing such audits could have an effect on the business’s operations and future growth.
Challenges in Animal Testing Practices: The business uses animals for testing, which brings with it the possibility of bad press, legal repercussions, and disturbances from anti-testing demonstrations. The significance of resolving ethical issues and minimizing any effects on its operations and reputation is highlighted by these difficulties.
Risks Related to Intellectual Property: Sai Life Sciences runs into the possibility of intentionally violating someone else’s patents or other intellectual property rights. Such incidents highlight the necessity of strict IP management and compliance procedures since they may result in legal action, financial obligations, and harm to the company’s reputation.
Detail | Information |
---|---|
IPO Date | December 11, 2024, to December 13, 2024 |
Listing Date | [.](Placeholder for actual listing date) |
Face Value | ₹1 per share |
Price Band | ₹522 to ₹549 per share |
Lot Size | 27 Shares |
Total Issue Size | 55,421,123 shares (₹3,042.62 Cr) |
Fresh Issue | 17,304,189 shares (₹950.00 Cr) |
Offer for Sale | 38,116,934 shares (₹2,092.62 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Shareholding Pre-Issue | 190,685,340 |
Shareholding Post-Issue | 207,989,529 |
Event | Date |
---|---|
IPO Open Date | Wednesday, December 11, 2024 |
IPO Close Date | Friday, December 13, 2024 |
Basis of Allotment | Monday, December 16, 2024 |
Initiation of Refunds | Tuesday, December 17, 2024 |
Credit of Shares to Demat | Tuesday, December 17, 2024 |
Listing Date | Wednesday, December 18, 2024 |
Cut-off Time for UPI Mandate Confirmation | 5 PM on December 13, 2024 |
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor | 1,66,26,336 (30%) | NA |
QIB (Qualified Institutional Buyers) | 1,10,84,225 (20%) | NA |
NII (Non-Institutional Investors) | 83,13,168 (15%) | |
– bNII > ₹10L | 55,42,113 (10%) | 14,661 |
– sNII < ₹10L | 27,71,056 (5%) | 7,330 |
Retail Investors | 1,93,97,392 (35%) | 7,18,421 |
Total | 5,54,21,121 (100%) |
Detail | Information |
---|---|
Bid Date | December 10, 2024 |
Shares Offered | 16,626,336 |
Anchor Portion Size (In Cr.) | ₹912.79 |
Anchor Lock-in Period End Date (50% Shares) | January 15, 2025 |
Anchor Lock-in Period End Date (Remaining Shares) | March 16, 2025 |
Particulars (in Cr) | Mar 2024 | Y/Y Change |
---|---|---|
Operating Revenue | 1,465.18 | +20.38% |
Other Income | 29.09 | +4.00% |
Total Income | 1,494.27 | +20.01% |
Total Expenditure | 1,385.04 | +12.72% |
EBIDT | 314.58 | +63.08% |
Depreciation | 119.44 | +20.12% |
Interest | 85.91 | +11.48% |
Tax | 26.42 | +311.53% |
Net Profit | 82.81 | +728.93% |
Particulars (in Cr) | Mar 2024 |
---|---|
Total Current Assets | 945.11 |
Total Non-Current Assets | 1,330.02 |
Fixed Assets | 1,286.74 |
Total Assets | 2,275.14 |
Total Current Liabilities | 739.90 |
Total Non-Current Liabilities | 560.09 |
Total Equity Plus Liabilities | 2,275.14 |
Total Shareholder Funds | 975.14 |
Total Debt to Equity | 73.00% |
Particulars (in Cr) | Mar 2024 |
---|---|
Cash from Operating Activity | 263.09 |
Cash from Financing Activities | -95.30 |
Cash from Investing Activities | -192.38 |
Net Cash Flow | -24.59 |