SMT IPO to open on October 15; price band set at Rs 327–344 per share

Sahajanand Medical Technologies (SMT) has fixed the price band for its initial public offering (IPO) at Rs 327–344 per equity share of face value Re 1 each. The issue will open for subscription on Thursday, October 15, 2026, and close on Monday, October 19, 2026.

The IPO comprises an offer for sale (OFS) of up to 13,822,116 equity shares by existing shareholders. At the upper end of the price band, the offer is valued at approximately Rs 475.48 crore. Since the issue is entirely an OFS, the company will not receive any proceeds from the offering; the proceeds will go to the selling shareholders.

The selling shareholders include promoter Shree Hari Trust; promoter group member Dhirajkumar Savjibhai Vasoya; and investor shareholders Samara Capital Markets Holding Limited, Kotak Pre-IPO Opportunities Fund and NHPEA Sparkle Holding B.V.

The minimum bid is 43 equity shares, with subsequent bids in multiples of 43 shares. The offer also includes a reservation of up to 250,000 equity shares for eligible employees.

In accordance with the applicable SEBI regulations, not more than 50 per cent of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15 per cent to non-institutional investors (NIIs), and not less than 35 per cent to retail individual investors.

The equity shares are proposed to be listed on the National Stock Exchange of India and BSE. Motilal Oswal Investment Advisors Limited, Avendus Capital Private Limited, HSBC Securities and Capital Markets (India) Private Limited, and Nuvama Wealth Management Limited are the book-running lead managers. MUFG Intime India Private Limited is the registrar to the issue.