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).