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Sahajanand Medical Technologies IPO Reaches 82 Percent Subscription On Day Two
M
Moneycontrol•16-10-2026, 17:37
Sahajanand Medical Technologies IPO Reaches 82 Percent Subscription On Day Two
- •The initial public offering of Sahajanand Medical Technologies was subscribed 82 percent by the end of the second day of bidding.
- •Qualified institutional buyers led the demand with 1.12 times subscription, followed by retail investors at 82 percent and non-institutional investors at 51 percent.
- •The company aims to raise Rs 475.48 crore entirely through an offer for sale of 1.38 crore equity shares.
- •Ahead of the issue opening, Sahajanand Medical Technologies successfully raised Rs 140.06 crore from anchor investors.
Key Questions Answered
The initial public offering of Sahajanand Medical Technologies achieved an 82 percent subscription by 5:00 pm on October 16. The Rs 475.48-crore issue received bids for 80,37,775 shares out of the 97,50,482 shares on offer.
Sahajanand Medical Technologies successfully mobilised Rs 140.06 crore from anchor investors prior to the opening of the public issue. The company allocated 40.71 lakh equity shares to eight institutional investors at the upper boundary of the price band.
The public offering is structured entirely as an offer for sale (OFS) of 1.38 crore equity shares to raise up to Rs 475.48 crore. Because the issue is completely an OFS, the proceeds will be directed to the selling shareholders rather than the company itself.
