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Sai Life Sciences IPO Lockup - US$840m Lockup Release; TPG Asia up 5.8x with a 24.8% Stake

759 Views12 Jun 2025 13:45
Sai Life Sciences (SLS) raised around US$360m in its India IPO in Dec 2024. Its six month lockup will expire on 16th June 2025.
What is covered in the Full Insight:
  • Introduction
  • IPO Recap
  • Lockup Dynamics
  • Recent Updates
  • Concluding Thoughts
Boomeranged on Tue, 26 Aug 2025 09:54
TPG Asia has launched an INR26.4bn (US$302m) cleanup block (14.7% stake) in Sai Life Sciences at a floor price of INR860/share, a 5.2% discount to the pre-deal close of INR906.95/share. In June, TPG sold 10% of the capital at INR722/share to raise INR15bn (US$170m).
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