Essayer OR - Gratuit
Stentmaker SMT to file draft papers for ₹2,000 crore IPO
Mint Mumbai
|June 19, 2025
July filing would mark company's second attempt to go public after it shelved a 2021 plan
Sahajanand Medical Technologies (SMT), a leading domestic manufacturer of cardiac stents, is set to file its draft papers with the market regulator next month for a ₹1,500-2,000 crore initial public offering (IPO), two people aware of the development told Mint.
The IPO is being led by Motilal Oswal, Avendus, Nuvama and HSBC, and will see existing investors such as Samara Capital, Kotak and Morgan Stanley offloading their stakes, one of the people cited above said.
"The issue will have only an offer-for-sale component and the draft papers are expected to be filed in July with a potential listing by the end of this year," the second person said.
This means that the IPO will not raise any fresh capital for SMT and all proceeds from the share sale will go only to the selling shareholders.
While Avendus, HSBC and SMT declined to comment, others did not immediately respond to Mint's requests.
Cette histoire est tirée de l'édition June 19, 2025 de Mint Mumbai.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Mumbai
Mint Mumbai
OTTs move past views, eye engagement metrics amid growth slowdown
On a video platform, every click may count as a view.
2 mins
January 13, 2026
Mint Mumbai
The Chinese company taking on the world's memory-chip giants
As AI demand drives prices up, CXMT beats Washington's curbs to vie with Micron and South Korean leaders
4 mins
January 13, 2026
Mint Mumbai
Pak’s conflict with Afghanistan opens $200 mn pharma window for India
Afghanistan’s border tensions with Pakistan, which led to the shutdown of vital transit routes, may have opened up a $200 million pharmaceutical opportunity for India.
2 mins
January 13, 2026
Mint Mumbai
BHEL stock slumps on China fears: Is the sell-off overdone?
Shares of public sector major Bharat Heavy Electricals Ltd (BHEL) have slid nearly 12% over the past three trading sessions, spooking investors after reports suggested a potential policy shift that could reopen India’s power equipment market to Chinese firms.
1 mins
January 13, 2026
Mint Mumbai
WHY VCS HAVE A NEW PLAYBOOK FOR DEEP-TECH
Venture capital has become more accessible while starting up, but is still scarce at the business end
8 mins
January 13, 2026
Mint Mumbai
India at 100: Our choices today will define the next two decades
India's 2047 ambition is not guaranteed but achievable if we address all the potential pitfalls along our development path
4 mins
January 13, 2026
Mint Mumbai
Sukino bets $31 mn in post-hospital care
Venture capital and private equity investors are increasing the bets on post-hospital care-often referred to as 'continuum care' -as hospitals are discharging patients more quickly and families seek structured recovery outside hospitals.
2 mins
January 13, 2026
Mint Mumbai
US productivity is rising and it risks warping monetary policy
America's neutral rate ought to be going up but will the Fed listen?
3 mins
January 13, 2026
Mint Mumbai
Five exercises to bring back into your routine
Try these moves to improve your strength, mobility and cardio health
2 mins
January 13, 2026
Mint Mumbai
Why khichdi, India's comfort food, beats every detox trend
Prepared with lentils and grains, this one-pot meal restores gut balance and offers comfort when the body needs rest most
3 mins
January 13, 2026
Listen
Translate
Change font size