Sahajanand Medical Technologies IPO
Sahajanand Medical Technologies IPO is a mainboard IPO raising ₹475 Cr at ₹327 – ₹344 a share. It listed on 23 Oct 2026 at ₹371, +7.9% against its issue price of ₹344, and trades at ₹411 today (+19.4% since issue). It was subscribed 14× in total.
14.2 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 27,14,423 | 9,41,79,804 | 35× |
| Foreign Institutional Investors | no separate quota | 3,23,79,301 | n/a |
| Domestic Financial Institutions | no separate quota | 2,91,26,308 | n/a |
| Mutual funds | no separate quota | 1,72,03,354 | n/a |
| Others | no separate quota | 1,54,70,841 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 20,35,818 | 2,98,08,460 | 15× |
| Non Institutional Investors | 13,57,212 | 2,22,12,725 | 16× |
| Corporates | no separate quota | 4,71,022 | n/a |
| Individuals | no separate quota | 2,07,62,894 | n/a |
| Others | no separate quota | 9,78,809 | n/a |
| Non Institutional Investors | 6,78,606 | 75,95,735 | 11× |
| Corporates | no separate quota | 43,946 | n/a |
| Individuals | no separate quota | 73,09,011 | n/a |
| Others | no separate quota | 2,42,778 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 47,50,241 | 1,43,91,713 | 3.03× |
| Cut Off | no separate quota | 1,23,66,585 | n/a |
| Price bids | no separate quota | 20,25,128 | n/a |
| Employees | 2,50,000 | 92,794 | 0.37× |
| Cut Off | no separate quota | 72,541 | n/a |
| Price Bids | no separate quota | 20,253 | n/a |
| Total | 97,50,482 | 13,84,72,771 | 14× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 19 Oct, 05:25 pm IST.
Where the bids landed
Demand falls about 70% from the bottom of the band to the top. 9% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.24 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.