Sai Life Sciences IPO: Issue Booked Nearly 3x on Day 3 So Far; QIB Portion Booked Over 7x

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 The Initial Public Offering (IPO) of Sai Life Sciences, a leading contract research and manufacturing services provider, has received an overwhelming response from investors on its third day of subscription. As of now, the issue has been booked nearly 3 times its offered size, with the Qualified Institutional Buyers (QIB) portion witnessing a staggering over 7 times subscription.



The IPO, which opened for subscription on December 8, 2024, has attracted strong demand across all investor categories. The QIB portion, in particular, has seen exceptional interest, with institutional investors rushing to grab a piece of the offering. Meanwhile, the Non-Institutional Investors (NII) and Retail Investors’ portions have also experienced robust subscriptions.

Sai Life Sciences, known for its expertise in drug discovery, development, and manufacturing services, is looking to raise significant capital through this public issue to strengthen its position in the growing pharmaceutical and life sciences sector. The company’s plans include debt reduction, capital expenditures, and working capital requirements.

With the final day of the IPO subscription scheduled for December 12, market observers expect the offer to be oversubscribed, reflecting the strong investor confidence in the company's growth potential.

Investors will be eagerly awaiting the final allotment results and the listing of the shares on the stock exchanges.

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