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“Explore the details of Sagility India IPO 2024, including opening date, price band, objectives, and expert opinions. Find out whether this IPO is a good investment opportunity.”
Table of Contents
- Introduction to Sagility India Limited
- IPO Details (Issue Size, Price, Dates, and Lot Size)
- Objectives of the IPO
- Financial Performance of Sagility India Limited
- Industry Overview
- Strengths and Risks of Investing in Sagility India Limited IPO
- Grey Market Premium (GMP) and Market Sentiment
- How to Apply for the IPO
- Conclusion
- Disclaimer:
1. Sagility India Ltd IPO Overview
The Sagility India IPO opened for bidding on November 5, 2024, and will close on November 7, 2024. This IPO is an offer for sale, meaning existing shareholders are selling shares, and no new capital is being raised by the company. The IPO price band is set between ₹28 and ₹30 per share, with a minimum lot size of 500 shares, amounting to ₹15,000 for retail investors.
2. IPO Details (Issue Size, Price, Dates, and Lot Size)
IPO Dates : The IPO Open Is November 5, 2024 and Close November 7, 2024
Issue Size : The IPO Issue Size is 2106.6Crore
Price Band : IPO Price Band is Set at 28-30 per share
Lot Size : IPO Lot Size is 500 share’s
Fresh Issue : IPO Fresh Issue is 4499.00 Cr.
Offer for Sale : IPO Offer for Sale is 6828.43 Cr.
3. IPO Timeline ( IPO Important Dates )
Here is a quick overview of the Sagility India IPO details:
Opening Dates : The IPO is set to open on November 5, 2024.
Closing Dates : IPO Closing Dates is November 7, 2024
Allotment Status Date : IPO Allotment Status November 8, 2024
Share Transfer Demet A/c :
Credit Refund Bank A/c :
Listing Date : IPO Listing Date is November 12, 2024
Listing Exchange : IPO Listing Exchange NSE SME
Sagility India Limited IPO: A Comprehensive Guide Ltd IPO 2024 : Complete details IPO Price, Allotment, GMP Updated
About Company
Sagility India, Sagility India is a healthcare-focused business process management (BPM) company that leverages technology to support core operations in the U.S. healthcare sector. The company offers services in claims management, payment integrity, clinical management, and revenue cycle management, which help optimize workflows and enhance patient and provider engagement. Headquartered in Bengaluru, Sagility India is a prominent player with over 25,000 employees worldwide, working across the U.S., India, Jamaica, Philippines, and Colombia.
Founded originally under a different name, Sagility rebranded and expanded its offerings, providing value through client lifecycle management, analytics, and cost control solutions. It serves a range of healthcare stakeholders, including insurers, providers, and labs, focusing on areas such as claims processing and member engagement. The company’s revenue concentration reflects a heavy reliance on its top clients, most of whom are large U.S.-based healthcare entities.
Company FInancial
Sagility India Limited, a leading healthcare-focused business process as a service (BPaaS) provider, primarily supports U.S.-based healthcare payers and providers. Sagility’s revenue in FY 2024 grew by 12.7% to ₹4,753.56 crore, up from ₹4,218.41 crore in FY 2023. This growth was driven by increased service volumes and new contracts. Profit after tax also saw a significant rise of 59%, reaching ₹228.27 crore in FY 2024 compared to ₹143.57 crore the previous year
Sagility India Ltd IPO 2024 Overview
IPO Reservation
The Sagility India IPO includes a specific reservation distribution among different investor categories, adhering to SEBI regulations. For Qualified Institutional Buyers (QIBs), 75% of the shares in the offering are reserved, ensuring significant participation from institutional investors. Non-Institutional Investors (NIIs), including High Net Worth Individuals (HNIs), are allotted 15% of the shares, while Retail Individual Investors (RIIs) have a 10% reservation in the IPO. Additionally, there is a reserved portion for eligible employees under the Employee Reservation Quota
How to Apply for Sagility India IPO?
Here’s how you can apply for the Sagility India IPO:
UPI Mandate: Ensure that you approve the UPI mandate request to complete your application.
Through ASBA: You can apply via the Application Supported by Blocked Amount (ASBA) process through your bank.
Using Online Broker Platforms: Platforms like Angel One, Groww, and Upstox offer a quick and seamless IPO application process.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
FAQs
What is the price band for the Sagility India Ltd IPO?
The IPO price band is set between ₹28 and ₹30 per share.
What is the minimum investment required?
The minimum lot size for retail investors is 500 shares, translating to an investment of approximately ₹15,000 at the lower end of the price band
When is the Sagility India IPO opening and closing date?
The Sagility India IPO is scheduled to open on November 5, 2024, and close on November 7, 2024. The shares are expected to be listed on the stock exchanges by November 12, 2024
How can I apply for the Sagility India IPO?
You can apply through major brokerage platforms like Zerodha, Groww, or AngelOne, provided you have a Demat account.
How can I check the GMP for Sagility India Limited IPO?
GMP updates are available on financial websites and IPO tracking portals like Chittorgarh, Investorgain and IPO Central, which update GMP daily.
Who is the registrar for Sagility India IPO?
The registrar for Sagility India IPO is Link Intime India Pvt Ltd. Investors can check their allotment status on Link Intime’s official website.
