Sahajanand Medical Technologies, a Gujarat-based cardiovascular medical device manufacturer, on Monday announced a price band of Rs 327–344 per share for its upcoming public issue of 1.38 crore equity shares.
The initial public offering (IPO), which comprises entirely an offer for sale (OFS) by existing shareholders, will open for subscription on October 15 and close on October 19. The one-day anchor book for institutional investors will open on October 14.
The IPO share allotment is likely to be finalised on October 21, while the company's shares are expected to list on the stock exchanges on October 23.
The company is raising Rs 475.5 crore via initial share sale, and is looking for a market capitalisation of around Rs 3,500 crore.
The promoters, along with investors Samara Capital Markets Holding, Kotak Pre-IPO Opportunities Fund and NHPEA Sparkle Holding BV, will be the selling shareholders in the OFS.