Sahajanand Medical Technologies shares list at 8% premium over IPO price on NSE

Shares of Sahajanand Medical Technologies made their D-Street debut on Friday, listing at a premium of up to 8% on the bourses. The stock opened at Rs 371.15 apiece on the NSE, up 7.89% over the issue price of Rs 344.

On the BSE, it opened at Rs 368.05, up 6.99% over the IPO price.

The listing was better than unlisted market expectations, which suggested a modest premium. The grey market premium (GMP) on the stock hovered around 5% ahead of the debut, indicating positive but measured expectations.


The Rs 475.48 crore IPO comprised an offer for sale (OFS) of 1.38 crore shares. Since the issue was entirely an OFS, the company will not receive any proceeds from the offering. Instead, the proceeds will go to the existing shareholders selling their stakes.

The IPO, which opened for subscription on October 15, 2026, and closed on October 19, received an overall subscription of 14.21 times. The retail investor portion was subscribed 3.04 times, while the non-institutional investor (NII) segment saw 14.64 times subscription. The qualified institutional buyer (QIB) portion was subscribed 34.70 times.

Sahajanand Medical Technologies had fixed the IPO price band at Rs 327–Rs 344 per share.

The IPO lot size was 43 shares, translating into a minimum investment of Rs 14,792 for retail investors applying at the upper end of the price band.

Ahead of the public issue, Sahajanand Medical Technologies raised Rs 140 crore from anchor investors by allotting 40,71,634 equity shares at Rs 344 apiece, the upper end of the price band.

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Motilal Oswal Investment Advisors, Avendus Capital, HSBC Securities & Capital Markets (India) and Nuvama Wealth Management are the book-running lead managers for the issue, while MUFG Intime India has been appointed as the registrar.

Financial Performance

Sahajanand Medical Technologies Ltd.’s total income increased 18% to Rs 1,219 crore in FY26 from Rs 1,036 crore in FY25. Profit after tax (PAT) surged 175% to Rs 69 crore in FY26, compared with Rs 25 crore in the previous financial year.

About Sahajanand Medical Technologies

Incorporated in October 2001, Sahajanand Medical Technologies Ltd. is a medical technology company engaged in developing, manufacturing and marketing advanced medical devices, primarily for vascular and structural heart interventions. Its product portfolio includes coronary stents, balloons, transcatheter aortic valve implantation (TAVI) devices, occluders, renal stents and peripheral drug-coated balloons. Its flagship brands include Supraflex Cruz, Cocoon and Hydra, supported by a focus on research, precision manufacturing and product innovation.

The company operates three manufacturing facilities across India and Thailand, along with two research and development centres. As of June 30, 2026, it held 119 patents globally, with 78 patent applications in the pipeline, and marketed its products in 77 countries in FY26. Revenue from operations rose to Rs 1,210.50 crore in FY26 from Rs 1,024.88 crore in FY25 and Rs 901.60 crore in FY24. As of June 30, 2026, the company had 1,605 full-time employees, 31 consultants and 707 contract workers.

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