Sahajanand Medical Technologies Ltd. IPO Closes with 14.21x Subscription
1 report, 1 independent
Updated Oct 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Sahajanand Medical Technologies Ltd.'s IPO, which opened on October 15, 2026, and closed on October 19, 2026, received an overall subscription of 14.21 times. The stock listed on the BSE at Rs 368.05, which was 6.99% higher than the IPO price.
From indiatimes.com
Why it matters
The IPO was structured entirely as an offer for sale, meaning the proceeds went to existing shareholders rather than the company. During the fiscal year 2026, Sahajanand Medical Technologies Ltd.'s total income increased 18% to Rs 1,219 crore, while profit after tax surged 175% to Rs 69 crore.
From indiatimes.com
Who's involved
- COCOONThe company whose IPO was detailed in the report.