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Sahajanand Medical Technologies Limited

Information Technology • Total Issue: ₹475 Cr

Grey Market Premium
+₹22.06(+6.41%)
Indicative Listing: ₹366.06
Source: IPOAlerts • Updated 19/10/2026
Price Band & Minimums
Offer Price Band
₹327.00 - ₹344.00
Lot Size
43 shares
Min Investment
₹14,792
Subscription Status
14.20x
Oversubscribed
Snapshot as of Day 3
Estimated Listing Gain
+6.41%
Indicative listing: ₹366.06
Calculated from unofficial GMP, not an actual listing-day return.

Category-Wise Subscription Breakdown

Latest snapshot as of Day 3 · Overall 14.20x

QIB
34.70x
Offered: 27,14,423
Bid: 9,41,79,804
NII
14.64x
Offered: 20,35,818
Bid: 2,98,08,460
Retail
3.03x
Offered: 47,50,241
Bid: 1,43,91,713
Employee
0.37x
Offered: 2,50,000
Bid: 92,794
Total
14.20x
Offered: 97,50,482
Bid: 13,84,72,771

Valuation Multiples & Key Ratios

P/E Ratio
24.80x
Market Cap
₹1450.00 Cr
EPS
₹13.87
RoNW
19.80%
NAV / Share
₹81.90
P/B Ratio
4.20x
NSE Market Pulse ResearchSector Climate: PREMIUM

Sector Valuation Anchors & Multiples

Comparing Sahajanand Medical Technologies Limited asking multiples against official 10-year historical sector norms for Information Technology.

View Source Report
Price to Earnings (P/E)
IPO Asking P/E:24.80x
Sector Current P/E:31.40x
10-Yr Historical Mean:24.80x
0% discount vs 10Y mean
Asset & Earnings Ratios
IPO Asking P/B:4.20x
Sector P/B Ratio:7.80x
Sector YoY Earnings Growth:+11.80%
Sector Dividend Yield:2.10%
Institutional Net Flows
FII Net Flow (Monthly):₹3840.00 Cr
NSE Commentary:

“Valuations reflect premium expectations driven by cloud engineering and enterprise AI spending pipeline.”

Educational Context Only: Official benchmarks published by NSE Economic Policy & Research — Market Pulse. Valuations provide macro reference and do not constitute investment advice.
Sector ID: IT

Grey Market Premium (GMP) History

Real-time multi-observation premium trend line and daily price movements.

Latest GMP
+₹22.06
Peak GMP
+₹44.14
Observations
7 points
19 Oct:+₹22.06Est Gain: +6.4%
₹51₹38₹25₹13₹013 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct
Historical Daily Observations (7)
13 Oct
+₹39.35
14 Oct
+₹39.36
15 Oct
+₹44.14
16 Oct
+₹37.76
17 Oct
+₹24.09
18 Oct
+₹21.17
19 Oct
+₹22.06

IPO Timeline & Schedule

Bidding Opens
2026-10-15
Bidding Closes
2026-10-19
Allotment Date
2026-10-21
Refunds Init
2026-10-22
Demat Credit
2026-10-22
Listing Date
2026-10-23
Official IPO Registrar

MUFG Intime India Private Limited

Check Allotment on Registrar Portal

About Sahajanand Medical Technologies Limited

Sahajanand Medical Technologies develops, manufactures, and markets cardiovascular devices globally. The core business is divided into two primary segments: vascular intervention products, such as coronary stents and balloon catheters, and structural heart devices, including transcatheter aortic valves and occluders. The company generates the majority of its revenue from the sale of vascular intervention devices, with the Supraflex Cruz, a biodegradable polymer-based drug-eluting stent, acting as a major contributor to its sales. Products are distributed across India, Europe, and the rest of the world through a combination of direct, hybrid, and distributor-led models, supported by an extensive network of domestic and international distributors. Operations are backed by manufacturing facilities located in Surat, Hyderabad, and Thailand. Additionally, the business relies heavily on dedicated research and development capabilities to continually enhance existing products and introduce new cardiovascular treatments.

Key Business Strengths

  • Strong portfolio of vascular and structural heart medical devices
  • Extensive domestic and international distribution network
  • Dedicated in-house research and development capabilities
  • Multiple manufacturing facilities across India and Thailand
  • Diversified revenue streams from sales in over 65 countries

Key Risks & Challenges

  • High dependency on revenues from the Supraflex Cruz stent
  • Stringent domestic and global regulatory compliance requirements
  • Vulnerability to foreign currency exchange rate fluctuations
  • Reliance on limited third-party suppliers for key raw materials
  • Exposure to pricing controls and healthcare reimbursement caps

Transparency & Informational Notice

Grey Market Premium (GMP) is unofficial, unregulated market pricing gathered from market participants and brokers. It is provided for educational and observation purposes only and does not represent guaranteed listing price or investment advice.