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SaiParenteral's IPO

Sai Parenteral's
Start Date24-03-2026
Application Timing10am-5pm
Price Range₹372 - ₹392
Min Qty38
Min. Investment₹14896
Listing Date02-04-2026
Close Date27-03-2026

About Sai Parenteral's

Sai Parenteral's Ltd., incorporated in 2001, is a pharmaceutical formulations company engaged in research, development, and manufacturing of a wide range of medicines. The company operates through two main business segments: Branded Generic Formulations and Contract Development and Manufacturing Organisation (CDMO) services for domestic and international pharmaceutical companies. The company offers products across multiple therapeutic segments such as cardiovascular, neuropsychiatry, anti-diabetic, respiratory care, antibiotics, gastroenterology, vitamins and supplements, analgesics, and dermatology. These medicines are available in several dosage forms including injectables, tablets, capsules, liquid orals, and ointments. Sai Parenteral's serves a large customer base that includes government agencies, pharmaceutical companies, hospitals, and distribution partners across India. The company also expanded its export business in FY 2023 after acquiring internationally accredited manufacturing facilities in Hyderabad, Telangana. Through these facilities, it now supplies products to regulated and semi-regulated markets such as Australia, New Zealand, Southeast Asia, the Middle East, and Africa.

The company operates five manufacturing facilities in India, four of which are located in Hyderabad, Telangana. These include GMP-compliant injectable units, WHO-GMP facilities, and internationally accredited production plants. Its subsidiary, Revat Laboratories, operates a GMP-certified manufacturing unit in Ongole, Andhra Pradesh. As of December 31, 2025, the company had 298 full-time employees supporting its operations.

Why To Invest in Sai Parenteral's

Diversified pharmaceutical portfolio across multiple therapeutic segments such as cardiovascular, antibiotics, and respiratory medicines.
Strong CDMO business model, which helps generate long-term contracts and stable revenue from pharmaceutical partners.
Internationally accredited manufacturing facilities, including WHO-GMP and TGA Australia certifications, enabling global market access.
Growing export presence, with supply to markets like Australia, New Zealand, Southeast Asia, the Middle East, and Africa.
Expansion and R&D investment, as IPO funds will be used for capacity expansion, R&D development, and international acquisitions.

Financial Table
Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2024
Assets376.24272.39268.10133.96
Total Income89.43163.74155.1897.03
Profit After Tax7.7614.438.424.38
EBITDA16.2439.4431.7017.64
NET Worth209.3795.7876.4031.49
Reserves and Surplus 188.8480.3661.3024.34
Total Borrowing76.0793.95118.7968.55
Strengths And Risks
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Strong Industry Experience: Sai Parenteral's Ltd. has more than two decades of experience in the pharmaceutical formulations industry. Since its incorporation in 2001, the company has built a strong presence in manufacturing, research, and product development across multiple therapeutic segments.
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Robust Manufacturing Infrastructure: The company operates five manufacturing facilities in India, most of which are located in Hyderabad. These facilities have certifications such as GMP, WHO-GMP, and international accreditations, enabling the company to manufacture high-quality pharmaceutical products and access global markets.
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Diversified Product Portfolio: Sai Parenteral's offers a wide range of medicines covering therapeutic areas such as cardiovascular, antibiotics, respiratory care, anti-diabetic treatments, and dermatology. This diversified portfolio reduces dependency on a single product segment and supports stable revenue growth.
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Strong Distribution and Export Network: The company has developed a well-established distribution network across India and also supplies products to several international markets including Australia, New Zealand, Southeast Asia, the Middle East, and Africa, supporting its long-term growth potential.
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High IPO Valuation: The IPO is priced at a relatively high valuation with a P/E ratio of around 72 based on earnings, which may limit immediate listing gains and could make the issue expensive compared to some industry peers.
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Regulatory Compliance Risks: The pharmaceutical sector is highly regulated, especially in international markets. Any failure to meet regulatory standards or approvals could impact the company's operations and exports.
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Dependence on Institutional and Government Clients: A portion of the company’s revenue comes from government agencies, hospitals, and pharmaceutical partners. Changes in procurement policies or contract volumes may affect revenue stability.
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Execution Risks in Expansion: The company plans to use IPO proceeds for expansion, R&D development, and acquisitions. Delays or inefficiencies in executing these plans could impact expected growth and profitability in the near term.
FAQs
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