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Sai Life Sciences IPO Subscription Status

Sai Life Sciences IPO was subscribed 10.27 times when bidding closed on 13 Dec 2024: QIB 29.78x, NII 4.99x, Retail 1.39x.

The Sai Life Sciences IPO has been subscribed 10.27x times overall. Retail investors have shown interest with bids for 1.39x the shares available. The Non-Institutional Investor (NII) category has been subscribed 4.99x. Within NII, Big HNI (B-HNI) subscribed 6.1x and Small HNI (S-HNI) subscribed 2.78x. Qualified Institutional Buyers (QIBs) have subscribed 29.78x. Data last updated on 10 Nov, 11:34 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 11 Dec, 2024 and closes on 13 Dec, 2024. The shares are expected to list on stock exchanges on 18 Dec, 2024.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 11:34 PM
Category Bid details Times
QIB - of - - 29.78x
NII - of - - 4.99x
bHNI — bid amount above ₹10 Lakh
- - 6.1
sHNI — bid amount ₹2–10 Lakh
- - 2.78
Retail - of - - 1.39x
TOTAL - - 10.27x
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Sai Life Sciences IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
2 out of 3
~71.9% chance per PAN — based on 1.39x subscription. Winners get exactly 1 lot (₹14,823) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
1 out of 3
~36% chance — based on 2.78x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
1 out of 6
~16.4% chance — based on 6.1x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
29.78x
Proportionate allotment — at 29.78x, institutions receive ~3.4% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 71.9% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 29.78x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
13 Dec 2024
Day 3
10.27x ▼
QIB29.78x BHNI6.1x SHNI2.78x Retail1.39x
12 Dec 2024
Day 2
1.25x ▼
QIB3.32x BHNI0.58x SHNI0.62x Retail0.42x
11 Dec 2024
Day 1
0.84x ▼
QIB2.62x BHNI0.15x SHNI0.17x Retail0.18x

Sai Life Sciences IPO dates

From the bidding window to listing. Today is 14 November.

Key dates Listed
  1. Open 11 Dec 2024
  2. Close 13 Dec 2024
  3. Allotment 16 Dec 2024
  4. Refund/credit 17 Dec 2024
  5. Listing 18 Dec 2024

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
INQ HOLDING LLC ₹43.00 Cr 4.71%
SMALLCAP WORLD FUND, INC ₹43.00 Cr 4.71%
FIDELITY FUNDS - INDIA FOCUS FUND ₹43.00 Cr 4.71%
ABU DHABI INVESTMENT AUTHORITY - MONSOON ₹43.00 Cr 4.71%
BLACKROCK EMERGING FRONTIERS MASTER FUND LIMITED ₹43.00 Cr 4.71%
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO ₹43.00 Cr 4.71%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND ₹35.83 Cr 3.93%
FIDELITY INVESTMENT TRUST FIDELITY SERIES EMERGING MARKETS OPPORTUNITIES FUND ₹33.29 Cr 3.65%
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND ₹27.58 Cr 3.02%
DSP HEALTHCARE FUND ₹27.00 Cr 2.96%
KOTAK FUNDS - INDIA MIDCAP FUND ₹27.00 Cr 2.96%
MIRAE ASSET HEALTHCARE FUND MIRAHCFD ₹27.00 Cr 2.96%
RBC ASIA PACIFIC EX-JAPAN EQUITY FUND ₹27.00 Cr 2.96%
SBI LIFE INSURANCE CO. LTD ₹27.00 Cr 2.96%
TIMF HOLDINGS ₹27.00 Cr 2.96%
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MANUFACTURE IN INDIA FUND ₹19.33 Cr 2.12%
FLORIDA RETIREMENT SYSTEM - ALLSPRING GLOBAL INVESTMENTS, LLC (EMSC) ₹14.50 Cr 1.59%
EASTSPRING INVESTMENTS - ASIA OPPORTUNITIES EQUITY FUND ₹14.50 Cr 1.59%
FRANKLIN TEMPLETON INVESTMENT FUNDS - TEMPLETON EMERGING MARKETS SMALLER COMPANIES FUND ₹14.50 Cr 1.59%
FRANKLIN INDIA OPPORTUNITES FUND ₹14.50 Cr 1.59%
HSBC INDIAN EQUITY MOTHER FUND ₹14.50 Cr 1.59%
INVESCO INDIA MIDCAP FUND . ₹14.50 Cr 1.59%
THE PRUDENTIAL ASSURANCE COMPANY LIMITED ₹14.50 Cr 1.59%
MORGAN STANLEY INVESTMENT FUNDS INDIAN EQUITY FUND ₹14.50 Cr 1.59%
MAX LIFE INSURANCE COMPANY LIMITED ₹14.50 Cr 1.59%
POLAR CAPITAL FUNDS PLC - HEALTHCARE OPPORTUNITIES FUND ₹14.50 Cr 1.59%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE PHARMA & HEALTHCARE FUND ₹14.00 Cr 1.53%
HDFC MUTUAL FUND - HDFC PHARMA AND HEALTHCARE FUND ₹13.87 Cr 1.52%
UTI - HEALTHCARE FUND ₹13.50 Cr 1.48%
UTI SMALL CAP FUND . ₹13.50 Cr 1.48%
WHITEOAK CAPITAL FLEXI CAP FUND ₹12.32 Cr 1.35%
FIAM GROUP TRUST FOR EMPLOYEE BENEFIT PLANS FIAM EMERGING MARKETS OPPORTUNITIES COMMINGLED POOL ₹9.71 Cr 1.06%
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK HEALTHCARE FUND ₹9.67 Cr 1.06%
HDFC MUTUAL FUND - HDFC MULTI CAP FUND ₹8.32 Cr 0.91%
HDFC LARGE AND MID CAP FUND ₹8.32 Cr 0.91%
HDFC MUTUAL FUND - HDFC MANUFACTURING FUND ₹8.32 Cr 0.91%
BANDHAN SMALL CAP FUND ₹7.25 Cr 0.79%
BANDHAN MIDCAP FUND ₹7.25 Cr 0.79%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MULTI ASSET ALLOCATION FUND ₹7.17 Cr 0.79%
WHITEOAK CAPITAL SPECIAL OPPORTUNITIES FUND ₹7.02 Cr 0.77%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE EQUITY SAVINGS FUND ₹7.00 Cr 0.77%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE RETIREMENT FUND THE 40S PLAN ₹6.00 Cr 0.66%
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS INDIA MANUFACTURING FUND ₹5.52 Cr 0.60%
EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUND ₹5.12 Cr 0.56%
AMUNDI FUNDS NEW SILK ROAD ₹5.10 Cr 0.56%
ABSL UMBRELLA UCITS FUND PLC - INDIA FRONTLINE EQUITY FUND ₹5.10 Cr 0.56%
ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED ₹5.10 Cr 0.56%
CARMIGNAC PORTFOLIO ₹5.10 Cr 0.56%
INVESCO INDIA EQUITY FUND ₹5.10 Cr 0.56%
KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD. ₹5.10 Cr 0.56%
TATA AIA LIFE INSURANCE COMPANY LIMITED A/C SMALL CAP DISCOVERY FUND (ULIF 071 22/05/23 SCF 110) ₹5.10 Cr 0.56%
GREAT EASTERN LIFE-SINGAPORE LIFE INSURANCE FUND-PAR-LION GLOBAL EQUITY ₹5.10 Cr 0.56%
CIF III SCHEME I ₹5.10 Cr 0.56%
CHARTERED FINANCE & LEASING LIMITED . ₹5.10 Cr 0.56%
HDFC MUTUAL FUND - HDFC BUSINESS CYCLE FUND ₹4.16 Cr 0.46%
WHITEOAK CAPITAL MULTI CAP FUND ₹4.11 Cr 0.45%
WHITEOAK CAPITAL PHARMA AND HEALTHCARE FUND ₹2.64 Cr 0.29%
HSBC SMALL CAP FUND ₹1.82 Cr 0.20%
HSBC FOCUSED FUND ₹1.21 Cr 0.13%
HSBC AGGRESSIVE HYBRID FUND ₹0.91 Cr 0.10%
WHITEOAK CAPITAL ELSS TAX SAVER FUND ₹0.90 Cr 0.10%
HSBC LARGE & MID CAP FUND ₹0.85 Cr 0.09%
HSBC BALANCED ADVANTAGE FUND ₹0.30 Cr 0.03%
TOTAL ₹912.79 Cr 100.03%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Sai Life Sciences IPO?

As of IPO close date (13 Dec, 2024), the Sai Life Sciences IPO is subscribed 10.27x times. Retail category is 1.39x, and NII is 4.99x subscribed.

When is the allotment date for Sai Life Sciences IPO?

The allotment for Sai Life Sciences IPO is expected to be finalized on 16 December, 2024.

What is the GMP of Sai Life Sciences?

The Grey Market Premium (GMP) for Sai Life Sciences is currently ₹70, indicating a potential listing gain of 13%.

When will Sai Life Sciences IPO list on the stock market?

Sai Life Sciences is scheduled to list on BSE and NSE on 18 December, 2024.

What are the chances of getting allotment in Sai Life Sciences IPO?

The retail category is oversubscribed at 1.39x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 29.78x mean for Sai Life Sciences IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 29.78x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Sai Life Sciences IPO allotment status?

After the allotment date (16 Dec, 2024), you can check your Sai Life Sciences IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
10.27x
QIB
29.78x
NII
4.99x
bHNI
6.1x
sHNI
2.78x
Retail
1.39x
Full IPO details
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