Sagility India’s IPO is structured as a book-built issue valued at Rs 2,106.60 crores, composed entirely of an offer for sale of 70.22 crore shares.
The IPO will be open for subscription from November 5, 2024, through November 7, 2024. The allotment of shares is anticipated to be finalized by Friday, November 8, 2024, and Sagility India’s shares are expected to list on both BSE and NSE, with a tentative listing date set for Tuesday, November 12, 2024.
Sagility India operates in the healthcare services sector. They provide technology-enabled services to US health insurance companies (payers) and healthcare providers, such as hospitals, physicians, and diagnostic and medical device companies. Their services include claims management, care management, and revenue cycle operations.
The price band for the Sagility India IPO is between ₹28 and ₹30 per share, and the minimum application size is 500 shares. Retail investors must invest at least ₹15,000. For sNII, the minimum investment is 14 lots (7,000 shares) totaling ₹210,000, and for bNII, the minimum is 67 lots (33,500 shares) amounting to ₹1,005,000.
Additionally, there is a reserved allotment of up to 1,900,000 shares for employees, offered at a Rs 2 discount to the issue price.
ICICI Securities Limited, IIFL Securities Ltd, Jefferies India Private Limited, and J.P. Morgan India Private Limited are acting as the book-running lead managers for this IPO, with Link Intime India Private Ltd serving as the registrar.
Sagility India IPO Details:
| Company Name | Sagility India Limited |
| Sector | Healthcare Services |
| IPO Type | Mainboard |
| IPO Open date | 05th Nov 2024 |
| IPO Close date | 07th Nov 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Sagility India IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 500 | 15,000 |
| sHNI (Min) | 14 | 7000 | 2,01,000 |
| bHNI (Min) | 67 | 35000 | 10,05,000 |
Sagility India IPO Timeline:
| IPO Open Date | 05th Nov 2024 |
| IPO Close Date | 07th Nov 2024 |
| Basis of Allotment | 08th Nov 2024 |
| Refund Initiation Date | 08th Nov 2024 |
| Shares Credit to Demat | 11th Nov 2024 |
| Listing Date | 12th Nov 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Sagility India’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Healthcare Services Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Sagility India and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
