Sai Parenteral IPO, March 19 -- The initial public offering (IPO) of Sai Parenteral will open for subscription next week on Tuesday, March 24 and will close on Friday, March 27.

The company aims to raise Rs.408.79 crore from the share sale, which is a combination of fresh issue of shares worth Rs.285 crore and an offer for sale (OFS) of Rs.123.79 crore.

Ahead of the opening of the issue, Sai Parenteral IPO did not garner any traction in the grey market, as the current GMP is Rs.0, according to Investogain.

This means that the estimated listing price of Sai Parenteral IPO is likely to be the same as the IPO price of Rs.392.

It is a book build issue of Rs.408.79 crore and is a combination of fresh issue of 0.73 crore shares aggregating ...