Sai Life Sciences Limited – Globe Capital Market LTD.
Sai Life Sciences Limited
Closed
Price Band
₹522 to ₹549 per share
IPO Issue Period
December 11, 2024 to December 13, 2024
Issue Size
₹3,042.62 Cr
Face value
₹1 per share
Fresh issue
₹950.00 Cr
Offer for sale
₹2,092.62 Cr
Minimum Shares for Retail
27 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Wednesday, December 18, 2024
QIB
50%
NII
15%
Retail
35%

Kotak Mahindra Capital Company Limited
Jefferies India Private Limited
Morgan Stanley India Company Pvt Ltd
Iifl Securities Ltd

Sai Life Sciences Limited researches, develops, and manufactures small-molecule new chemical entities. The company offers tailor-made services to biotech firms and global pharma companies.

In the current Financial Year, the company provided services to over 280 innovator pharmaceutical companies, including more than 230 in that month alone. Among these clients, the company worked with 18 of the top 25 pharmaceutical companies based on their revenue in the calendar year 2023.The services were offered across countries such as the US, the UK, Europe, and Japan. The company’s business development team consists of 16 experienced and qualified professionals, with six located in the US, nine in the UK and Europe, and one in Japan.

For the year/period ended (Rs. in Cr.)

FY24 FY23 FY22
Total Revenue 1,494.27 1,245.11 897.74
Profit After Tax 82.81 9.99 6.23
EPS 4.57 0.55 0.35
OPM (%) 20.48% 14.97% 15.07%)
PATM (%) 5.65% 0.82% 0.72%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23
Sai Life Science Limited 11,418 549 10.18 120 1,494.27 82.81
Divi’s Laboratories Ltd. 1,62,734 6,130.10 11.86 88.64 7,845.00 1,600.00
Suven Life Sciences Ltd. 3,193 146.45 16.58 0 11.69 -105.08

 

 

 

  • One of the largest integrated Indian CRDMOs in terms of revenue from operations for the Financial Year 2024, acting as a one-stop platform for discovery, development and manufacturing.
  • CDMO platform with a diverse mix of commercial and under-development molecules
  • Fast-growing, integrated Discovery capabilities with focus on biology, chemistry and DMPK services
  • Long-standing relationship with a diverse base of existing and new customers
  • Modern R&D infrastructure with a differentiated delivery model and strong regulatory track-record
  • Experienced management team and Board supported by a qualified scientific talent pool
  • Strategic business investments with improving profitability metrics
  1. Repayment/prepayment in full or part, of all or certain outstanding borrowings availed by the Company and
  2. General corporate purposes

The company is innovation focused CRDMO, NCE, CRO, and CMC entity, and a global player for healthcare related products development. Based on FY25 annualized earnings, the issue appears aggressively priced. Hence, investor may park moderate funds for long term.

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