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Sahajanand Medical Technologies Limited

Founded in 2001 by Mr. Dhirajlal Kotadia, Sahajanand Medical Technologies Ltd. is a medical device company that focuses on advanced Class III and Class C/D devices used mainly in vascular and structural heart treatments. The company was the first in the world to receive CE certification for a drug-eluting stent with a biodegradable polymer called Infinnium. Its product range includes coronary stents and balloons for vascular interventions, technologies like TAVI and occluders for structural heart treatments, as well as renal stents and drug-coated balloons. The company operates R&D centres in India and Thailand and has a strong innovation base with over 100 granted patents and several pending applications. Its key products, including Supraflex Cruz, Hydra, and Cocoon, are supported by multiple clinical studies and are used in more than 76 countries. Sahajanand follows a global distribution strategy combining direct sales, hybrid models, and distributor partnerships across different markets. As of March 31, 2025, the company had over 1,400 employees along with consultants and contract staff supporting its operations.

₹327 - ₹344GMP ₹35Open
GMP+₹35
Est. Listing Price₹379
Timeline•Bookbuilding IPO
1
Open15 Oct 2026
2
Close19 Oct 2026
3
Allotment21 Oct 2026
4
Listing23 Oct 2026

Quota Reservation Portions

QIBPortion: 67,86,058 shares
49.1%
HNIPortion: 20,35,817 shares
14.73%
RetailPortion: 47,50,241 shares
34.37%
EmployeePortion: 2,50,000 shares
1.81%

Minimum Application Bracket Matrix

Retail1 lots / 43 shares
₹14,792
sHNI14 lots / 602 shares
₹2,07,088
bHNI68 lots / 2,924 shares
₹10,05,856

About the Company

Founded in 2001 by Mr. Dhirajlal Kotadia, Sahajanand Medical Technologies Ltd. is a medical device company that focuses on advanced Class III and Class C/D devices used mainly in vascular and structural heart treatments. The company was the first in the world to receive CE certification for a drug-eluting stent with a biodegradable polymer called Infinnium. Its product range includes coronary stents and balloons for vascular interventions, technologies like TAVI and occluders for structural heart treatments, as well as renal stents and drug-coated balloons. The company operates R&D centres in India and Thailand and has a strong innovation base with over 100 granted patents and several pending applications. Its key products, including Supraflex Cruz, Hydra, and Cocoon, are supported by multiple clinical studies and are used in more than 76 countries. Sahajanand follows a global distribution strategy combining direct sales, hybrid models, and distributor partnerships across different markets. As of March 31, 2025, the company had over 1,400 employees along with consultants and contract staff supporting its operations.

Company Promoters

Bhargav Dhirajlal KotadiaDhirajlal Vallabhbhai KotadiaPriyanka Dhirajlal CohenShree Hari Trust

Sahajanand Medical Technologies Limited IPO Details (2026): Price Band, Lot Size, Issue Size & Dates

Complete issue details for Sahajanand Medical Technologies Limited (SMT) IPO. Find comprehensive information including equity share price band, issue opening and closing dates, retail lot size, promoter shareholding pattern, lead managers, and registrar contacts. Check live grey market demand on our GMP Tracker.

Price Band₹327 - ₹344
Retail Lot Size43 Shares
Face Value₹1 Per Share
Min. Outlay₹14,792

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