Sagility India IPO to open for subscription on November 5

Sagility India Limited was established on July 28, 2021, to offer customized solutions to a range of medical industries, including DME companies, physician groups, hospitals, health systems, and labs. Its revenue of 47,535.60 crore is higher than it was in the previous two years. This business grows internationally in addition to serving domestic customers. They are improving their technology for the benefit of their customers and fortifying their ties with current clients while also gaining new ones. 

Sagility India IPO details

Next week, the healthcare company Sagility India Pvt. Ltd. will put its IPO up for bid, with shares priced between Rs 28 and Rs 30. The IPO for Sagility India is a book-built offering worth Rs 2,106.60 crores. The entire issue is a sale offer for shares worth 70.22 crore.

On November 5, 2024, the Sagility India IPO goes live for subscriptions and it ends on November 7, 2024. On Friday, November 8, 2024, the allocation for the Sagility India IPO is anticipated to be finalized. The tentative listing date for Sagility India’s initial public offering (IPO) is set for Tuesday, November 12, 2024, on both the BSE and NSE.

The price band for Sagility India’s IPO

The Sagility India initial public offering (IPO) price band is Rs. 28 to Rs. 30 per share. An application must include at least 500 shares in the lot. For retail investors, a minimum investment of Rs. 15,000 is necessary. For sNII and bNII, the minimum lot size investment is 14 lots (7,000 shares) and Rs. 210,000, respectively, and 67 lots (33,500 shares) and Rs. 1,005,000, respectively. The issue offers employees a reservation of up to 1,900,000 shares at a discount of Rs 2 off the issue price.

Sagility India Lead Managers for IPOs

ICICI Securities Limited, IIFL Securities Ltd, Jefferies India Private Limited, and J.P. Morgan India Private Limited are the bookrunning lead managers of the Sagility India IPO, while Link Intime India Private Ltd is the registrar for the issue.

The revenue from Sagility India

In 2024, the company’s revenue was Rs. 4,781.5 crores, up from Rs. 4,236.06 crores in 2023. In 2024, the company reported a profit of Rs. 228.27 crores, compared to Rs. 143.57 crores in 2023. Investors should consider the IPO for the long run based on its financials.

Sagility India’s IPO’s Objective

Obtain the advantages of listing equity shares on stock exchanges and execute the promoter selling shareholder’s offer to sell up to 984,460,377 equity shares with a face value of Rs. 10 each.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.