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Sai Parenterals files DRHP with SEBI to raise ₹285 crore via IPO
Sai Parenterals Limited, a Hyderabad-based pharmaceutical manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹285 crore through a public issue. The offer includes a fresh issue of ₹285 crore and an offer-for-sale (OFS) of up to 35 lakh shares. The proceeds will be used for R&D expansion, working capital, debt repayment, and the acquisition of Noumed Pharmaceuticals in Australia. Arihant Capital is acting as the book-running lead manager for the issue.
Companies:
- Sai Parenterals Limited
- Noumed Pharmaceuticals
Tags:
- Sai Parenterals
- pharma IPO
Explore:Mutual Fund Home
positive
Sai Parenterals files DRHP with SEBI to raise ₹285 crore via IPO
Sai Parenterals Limited, a Hyderabad-based pharmaceutical manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹285 crore through a public issue. The offer includes a fresh issue of ₹285 crore and an offer-for-sale (OFS) of up to 35 lakh shares. The proceeds will be used for R&D expansion, working capital, debt repayment, and the acquisition of Noumed Pharmaceuticals in Australia. Arihant Capital is acting as the book-running lead manager for the issue.
Companies:
- Sai Parenterals Limited
- Noumed Pharmaceuticals
Tags:
- Sai Parenterals
- pharma IPO
Explore:Mutual Fund Home
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Sai Parenterals filed DRHP for a ₹285 crore IPO, with proceeds to fund expansion, debt reduction, and overseas acquisition.
Sai Parenterals Limited, a Hyderabad-based pharmaceutical manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹285 crore through a public issue. The offer includes a fresh issue of ₹285 crore and an offer-for-sale (OFS) of up to 35 lakh shares. The proceeds will be used for R&D expansion, working capital, debt repayment, and the acquisition of Noumed Pharmaceuticals in Australia. Arihant Capital is acting as the book-running lead manager for the issue.
Sai Parenterals Limited, a Hyderabad-based pharmaceutical manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹285 crore through a public issue. The offer includes a fresh issue of ₹285 crore and an offer-for-sale (OFS) of up to 35 lakh shares. The proceeds will be used for R&D expansion, working capital, debt repayment, and the acquisition of Noumed Pharmaceuticals in Australia. Arihant Capital is acting as the book-running lead manager for the issue.
Companies:
- Sai Parenterals Limited
- Noumed Pharmaceuticals
Tags:
- Sai Parenterals
- pharma IPO
- Sai Parenterals
- pharma IPO
- DRHP
- SEBI
- Arihant Capital