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IPO Open

Thu, Oct 15, 2026

IPO Close

Mon, Oct 19, 2026

Price Band

₹327 to ₹344

Market Cap*

₹3,496.65 Cr * on Upper Price

IPO Details

  • IPO Date
    15 to 19 Oct, 2026
  • Listing Date
    Fri, Oct 23, 2026(T)
  • Face Value
    ₹1 per share
  • Price Band
    ₹327 to ₹344
  • Lot Size
    43 Shares
  • Sale Type
    OFS only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    1,38,22,116 shares (agg. up to ₹475 Cr)
  • Offer for Sale
    1,38,22,116 shares of ₹1 (agg. up to ₹475 Cr)
  • Share Holding Pre Issue
    5,72,82,100 shares
  • Share Holding Post Issue
    5,72,82,100 shares

IPO Timetable (Tentative)

  • IPO Open
    Thu, Oct 15, 2026
  • Allotment
    Wed, Oct 21, 2026
  • Credit of Shares
    Thu, Oct 22, 2026
  • IPO Close
    Mon, Oct 19, 2026
  • Refund
    Thu, Oct 22, 2026
  • Listing
    Fri, Oct 23, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII Not less than 15% of the Net Offer

IPO Lot Size

Investors can bid for a minimum of 43 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 43 ₹14,792
Retail (Max) 13 559 ₹1,92,296
S-HNI (Min) 14 602 ₹2,07,088
S-HNI (Max) 67 2881 ₹9,91,064
B-HNI (Min) 68 2924 ₹10,05,856

Investor Category Reservations

Category Limit Cut-off
RII Up to ₹2 Lakhs Yes
sNII ₹2 Lakhs – ₹10 Lakhs No
bNII Above ₹10 Lakhs No
Employee (EMP) Up to ₹5 Lakhs Yes
Employee + RII/NII Up to ₹5Lakhs (EMP) + RII/NII limits Yes (EMP/RII)

About Sahajanand Medical Technologies Ltd.

Incorporated in October 2001, Sahajanand Medical Technologies Limited is a medical technology company engaged in the development, manufacturing and marketing of technologically advanced medical devices, primarily focused on vascular intervention and structural heart intervention. Its product portfolio includes coronary stents, coronary balloons, transcatheter aortic valve implantation (TAVI) devices, occluders, renal stents and peripheral drug-coated balloons (DCBs). The Company focuses on research and development, precision manufacturing and clinically supported product innovation. Its flagship brands include Supraflex Cruz, Cocoon and Hydra, serving different areas of interventional cardiology.

The Company operates three manufacturing facilities, two in India and one in Thailand, supported by two R&D centres in India and Thailand. As of June 30, 2026, it had 119 patents granted globally, 78 patent applications in the pipeline and five design registrations in India. Its products were marketed in 77 countries in Fiscal 2026, through direct, hybrid and distributor-led models, with established market presence in India, Europe and other international markets.

The Company reported revenue from operations of ₹12,105.04 million in Fiscal 2026, compared with ₹10,248.79 million in Fiscal 2025 and ₹9,016.04 million in Fiscal 2024.

As of June 30, 2026, it had 1,605 full-time employees, 31 consultants and 707 contract-based employees.

Competitive Strengths

  • Extensive global sales and marketing network.
  • Strong research and development capabilities.
  • Diversified and integrated manufacturing facilities.
  • Leadership in India and key international markets.
  • Proven M&A and strategic collaboration capabilities.
  • Technologically advanced medical devices in high-barrier segments.
  • Experienced leadership team backed by reputed institutional investors.

Company Financials (Restated Consolidated)

Sahajanand Medical Technologies Ltd.’s revenue increased by 18% and profit after tax (PAT) rose by 175% between the financial year ending with March 31, 2026 and March 31, 2025.    (Amount in ₹ Crore)

Period Ended 30 Jun 2026 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 1,309.00 1,276.43 1,094.90 970.58
Total Income 354.33 1,218.73 1,035.96 908.59
Profit After Tax 15.09 69.08 25.15 -7.35
EBITDA 48.58 170.66 128.02 110.05
NET Worth 631.72 616.05 545.23 526.30
Reserves and Surplus 706.86 692.48 580.71 556.57
Total Borrowing 320.63 269.53 224.96 175.27

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Gujarat Kidney & Super Speciality Ltd. Mainboard ₹250.80 Cr ₹114 61.62 ₹104.54 -8.30% ₹184.09

IPO Objects of the Issue

The Sahajanand Medical Technologies Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders.

Key Performance Indicator (KPI)

KPI Jun 30, 2026 Mar 31, 2026
ROE 2.07% 10.35%
ROCE 3.16% 11.57%
Debt/Equity 0.33 0.27
RoNW 2.31% 10.60%
PAT Margin 4.29% 5.71%
EBITDA Margin 13.81% 14.10%
NAV 64.35 62.76
P/B (x) 5.48

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 6.80 5.94
P/E (x) 50.59 57.91
Market Cap at Offer Price ₹3,496.65 Cr. ₹3,496.65 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 40.82% 36.2%
Public 59.18% 63.80%
Total 100% 100%

Company Promoters: Bhargav Dhirajlal Kotadia, Dhirajlal Vallabhbhai Kotadia, Priyanka Dhirajlal Cohen and Shree Hari Trust.

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered Amount (₹ cr.)
Shree Hari Trust Promoter 27,00,000 92.88
Dhirajkumar Savjibhai Vasoya Promoter 20,00,000 68.80
Samara Capital Markets Holding Ltd. Corporate 64,79,063 222.88
Kotak Pre-IPO Opportunities Fund Corporate 13,07,875 44.99
NHPEA Sparkle Holding BV Corporate 13,35,178 45.93
Total 1,38,22,116 475.48

Sahajanand Medical Technologies IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

MUFG Intime India Pvt.Ltd.

  • 022-49186000
  • sahajanandmedical.ipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)

  1. Motilal Oswal Investment Advisors Ltd.
  2. Avendus Capital Pvt.Ltd.
  3. HSBC Securities & Capital Markets (India) Pvt.Ltd.
  4. Nuvama Wealth Management Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Sahajanand Medical Technologies Ltd. Address
Sahajanand Estate, Wakharia Wadi,
NR. Dabholi Char Rasta
Nani Ved, Ved Road
Surat, Gujarat, 395004

IPO FAQs

Sahajanand Medical Technologies IPO is a main-board IPO of 1,38,22,116 equity shares of the face value of ₹1 aggregating up to ₹475 Crores. The issue is priced at ₹327 to ₹344. The minimum order quantity is 43.

The IPO opens on Thu, Oct 15, 2026, and closes on Mon, Oct 19, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Sahajanand Medical Technologies IPO using UPI as a payment gateway. Angel One customers can apply in Sahajanand Medical Technologies IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Sahajanand Medical Technologies IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Sahajanand Medical Technologies IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Sahajanand Medical Technologies IPO opens on Thu, Oct 15, 2026 and closes on Mon, Oct 19, 2026.

Sahajanand Medical Technologies IPO lot size is 43, and the minimum amount required for application is ₹14,792.

You can apply in Sahajanand Medical Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Sahajanand Medical Technologies IPO will be done on Wednesday, October 21, 2026, and the allotted shares will be credited to your demat account by Thu, Oct 22, 2026. Check the Sahajanand Medical Technologies IPO allotment status.

The Sahajanand Medical Technologies IPO listing date is not yet announced. The tentative date of listing is Fri, Oct 23, 2026.

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