Sai Life Sciences sets IPO price, aiming to raise up to Rs 3,043 crore for global drug services.

Sai Life Sciences, backed by TPG Capital, has set an IPO price band of Rs 522-549 per share for a Rs 3,043 crore offering. The IPO opens December 11, combining a fresh issue worth up to Rs 950 crore and an Offer For Sale of up to 3.81 crore shares by shareholders. Proceeds will be used for debt repayment and general corporate purposes. Sai Life Sciences provides drug discovery and manufacturing services to biotech and pharmaceutical firms globally.

4 months ago
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