Sai Parenteral's IPO Price Band Fixed at ₹372-392 Per Share

• Sai Parenteral's Ltd, a pharmaceutical formulation company, announced its IPO price band at ₹372-392 per share.
• The company filed its Red Herring Prospectus (RHP) with SEBI and Stock Exchanges for the proposed Initial Public Offering.
• The IPO includes a fresh issue of up to ₹285 crore and an offer-for-sale of nearly 32 lakh equity shares.
• Sai Parenteral's aims to list its equity shares on the National Stock Exchange and Bombay Stock Exchange.
• Proceeds from the IPO will support global formulations business and expand Contract Development and Manufacturing Organisation capabilities.