India, March 30 -- The initial public offer (IPO) of Sai Parenteral's received bids for 78,80,972 shares as against 75,22,486 shares on offer. The issue was subscribed 1.05 times. The issue opened for bidding on 24 March 2026 and it closed on 27 March 2026. The price band of the IPO was fixed between Rs 372 and 392 per share. An investor can bid for a minimum of 38 equity shares and in multiples thereof.

The non-institutional investors (NII) category was subscribed 2.36 times, while the qualified institutional buyers (QIB) portion was subscribed 1.71 times and the retail individual investors (RII) segment was subscribed 0.12 times.

The IPO comprised fresh issue of equity shares worth up to Rs 285 crore and an offer for sale of 31,57,880...