SAI LIFE SCIENCES LIMITED FILES DRHP WITH SEBI

SAI LIFE SCIENCES LIMITED FILES DRHP WITH SEBI

Mumbai, 17july 2024 (GNI): Sai Life Sciences Limited (“SLSL” or “The Company), has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).

Sai Life Sciences provides end-to-end services across the drug discovery, development, and manufacturing value chain, for small molecule new chemical entities (“NCE”), to global pharmaceutical innovator companies and biotechnology firms.

The Company plans to raise funds through offer of equity shares (face value ₹ 1 each) through initial public offerings. The offer comprises of fresh issue of Equity Shares aggregating up to ₹ 800 crores and offer for sale up to 61,573,120 equity share by Selling Shareholders.

Sai Life Sciences proposes to utilize net proceeds from fresh issue towards- (i) Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by Company to ₹ 600 crores and (ii) for General corporate purposes

The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).

Kotak Mahindra Capital Company Limited, IIFL Securities Limited, Jefferies India Private Limited and Morgan Stanley India Company Private Limited are the Book Running Lead Managers to the issue.

About The Company: Sai Life Sciences Limited is the fastest-growing Indian CRDMOs among listed Indian peers in terms of revenue CAGR as well as EBITDA CAGR from Financial Year 2022 to Financial Year 2024 according to F&S Report.

The Company is an innovator-focused, contract research, development, and manufacturing organization (“CRDMO”). SLSL’s CRDMO platform provides multiple entry points for us to acquire customers in the intermediate stages of their new drug discovery to commercialization journey. It Is also one of the few CRDMOs to have a unique delivery model of having research laboratories for discovery and development located near overseas innovation hubs at Watertown (Greater Boston, MA), United States (“US”) and Manchester, United Kingdom (“UK”), complemented by large-scale research laboratories and manufacturing facilities in cost competitive locations in India. (Source: F&S Report)

During the Financial Year 2024, the company served more than 280 innovator pharmaceutical companies, including 18 of the top 25 pharmaceutical companies (in terms of revenue for the calendar year 2023), across regulated markets, including the US, the UK, Europe and Japan. (Source: F&S Report)

During the Financial Year 2024, it also provided CRO services to more than 60 customers on an ongoing basis, for their integrated drug discovery programs. As of March 31, 2024, our CDMO product portfolio included more than 150 innovator pharmaceutical products, including 38 products that were supplied for manufacturing of 28 commercial drugs.

The DRHP is available on the website of the Company at www.sailife.com, SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and the BRLMs, i.e. Kotak Mahindra Capital Company Limited, IIFL Securities Limited, Jefferies India Private Limited and Morgan Stanley India Company Private Limited at https://investmentbank.kotak.com, www.iifl cap.com, www.jefferies.com and www.morganstanley.com/india, respectively. .ends GNI