Sai Parenteral's Secures Rs 122 Cr from Anchor Investors Ahead of IPO

• Sai Parenteral's Ltd raised over Rs 122 crore from anchor investors on Monday, a day before its IPO opens.
• Anchor investors include Morgan Stanley Asia, Kotak Lifesciences Fund, Quant Mutual Fund, Kotak Mahindra Life Insurance, and India Emerging Giants Funds.
• The company allotted 31,28,485 equity shares at Rs 392 each, totaling Rs 122.63 crore.
• The IPO opens on March 24 and closes on March 27, with a price band of Rs 372-392 per share.
• Proceeds will fund expansion, global formulations business, and Contract Development and Manufacturing Organization capabilities.