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Sai Parenterals IPO

Pharmaceuticals - Listed on 02 April 2026

+2.0% listing gain
Issue Price (Upper)
Rs 392
Listing Price
Rs 400
Closing Price (NSE)
Rs 405.7
Total Subscription
1.05x

Sai Parenterals IPO listing summary

Sai Parenterals (Pharmaceuticals) closed its IPO window in 2026 and listed on NSE and BSE on 02 April 2026 at an upper band issue price of Rs 392, opening at Rs 400 for a listing gain of +2.0% and closing day one at Rs 405.7 (+3.5% on closing basis). The IPO was subscribed 1.05x overall - QIB 1.71x, HNI/NII 2.36x, Retail 0.12x. The total issue size was Rs 408.79 Cr (Fresh Issue Rs 285 Cr, OFS Rs 123.79 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+2.04%
Listing Gain (Close)
+3.49%
Day Change After Listing
+1.45%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB1.71x
HNI / NII2.36x
Retail0.12x
Overall1.05x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.04x
Day 20.41x
Day 3 (Final)1.05x

Sai Parenterals IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 00.00%
Day 2Rs 00.00%
Day 3Rs 00.00%
Day 4Rs 00.00%
Day 5Rs 00.00%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
0.0%
IPOGyani AI Prediction
0.4%
Actual Listing Gain
+2.0%

Prediction Accuracy: 1.6 pp (Highly accurate)

Issue & financials

Issue SizeRs 408.79 Cr
Fresh IssueRs 285 Cr
OFSRs 123.79 Cr
IPO PE111.39
Peer / Sector PE72.11
PE vs Sector Ratio1.54
Latest EBITDA (Cr)24.18
Debt / Equity0.98

Market context at listing

How the broader market moved around the Sai Parenterals IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.47%
Nifty 1W Return-0.87%
Nifty 1M Return-9.79%
Nifty during IPO window+0.89%

Sai Parenterals IPO - FAQs

What was the listing gain of Sai Parenterals IPO?

Sai Parenterals IPO listed at +2.0% versus the upper issue price of Rs 392 on 02 April 2026.

How many times was Sai Parenterals IPO subscribed?

Sai Parenterals IPO was subscribed 1.05x overall. QIB portion was subscribed 1.71x, HNI / NII 2.36x and Retail 0.12x.

What was the IPO GMP for Sai Parenterals?

IPO GMP started at Rs 0 on Day 1 and moved to Rs 0 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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