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
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
100% of this issue is existing shareholders cashing out. Only ₹0 Cr reaches the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs344 + fresh by subtraction from exchange total Rs475 Cr. Checked: exchange issue size Rs475 Cr vs derived Rs475.5 Cr (0.1% apart).
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 21% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Poly Medicure Limited | 51.4× | 10.37% | ₹31.75 |
| Laxmi Dental Limited | 36.35× | 11.91% | ₹5.26 |
| This issue | 53.1× | 10.6% | ₹6.48 |
derived: cut-off price Rs344 / stated EPS Rs6.48 (FY26 Diluted EPS (Fiscal ended March 31, 2026), restated consolidated; per Ind AS 33). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.