Sahajanand Medical Technologies IPO Subscription Status Day 2: Issue Subscribed 0.83 Times

Mumbai, October 16: The Sahajanand Medical Technologies IPO was subscribed 0.83 times overall by 5:06 PM on October 16, 2026, according to the subscription data provided. Qualified institutional buyers (QIBs), excluding anchor investors, recorded the strongest subscription among the main investor categories at 1.12 times. Retail investors subscribed 0.83 times, while the non-institutional investor (NII) category stood at 0.51 times. The ₹475.48 crore bookbuilding issue opened on October 15 and will close on October 19, 2026. The offering is entirely an offer for sale of 1,38,22,116 shares. The price band has been fixed at ₹327 to ₹344 per share, with a lot size of 43 shares. At the upper end of the price band, the minimum retail investment is ₹14,792.

Sahajanand Medical Technologies IPO Day 2 Subscription Status

The issue’s overall subscription rose from 0.35 times on October 15 to 0.83 times on October 16. The latest snapshot, recorded at 5:06 PM, showed bids for 80,62,242 shares against 97,50,482 shares offered across the reported categories, excluding anchor investors. The platform reported 82,458 applications. The QIB category, excluding anchor investors, was subscribed 1.12 times, with bids for 30,48,700 shares against 27,14,424 shares offered. Retail subscription reached 0.83 times, while NII subscription stood at 0.51 times. Within the NII segment, applications below ₹10 lakh recorded subscription of 0.77 times, compared with 0.38 times for applications above ₹10 lakh. The employee category was subscribed 0.14 times.

Sahajanand Medical Technologies IPO Day-wise Subscription Summary

The IPO recorded overall subscription of 0.35 times on its opening day, October 15. By October 16, the figure had increased to 0.83 times.

QIB subscription, excluding anchor investors, rose from 0.37 times to 1.12 times over the two days. Retail subscription increased from 0.41 times to 0.83 times, while NII subscription moved from 0.20 times to 0.51 times.

Sahajanand Medical Technologies IPO Timeline

The basis of allotment is scheduled for October 21, 2026. Refunds and credit of shares are expected on October 22, followed by the tentative listing on the BSE and NSE on October 23, 2026.

Brief Overview Of The Sahajanand Medical Technologies IPO

Sahajanand Medical Technologies is launching a ₹475.48 crore bookbuilding IPO through an offer for sale of 1,38,22,116 shares. The issue does not include a fresh issue component. The price band is ₹327 to ₹344 per share, with a face value of ₹1 per share. The minimum application size is 43 shares, requiring ₹14,792 at the upper price band. Applications can be made in multiples of 43 shares. The net offer to the public comprises 50% allocated to QIBs, 15% to NIIs and 35% to retail investors. The issue also includes a preferential reservation of 2,50,000 shares for employees. Motilal Oswal Investment Advisors Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue. The IPO opened on October 15 and is scheduled to close on October 19, 2026, with a tentative listing date of October 23, 2026, on the BSE and NSE.

Source: 

• https://www.nseindia.com/market-data/issue-information?symbol=SMT&series=EQ&type=Active