Ravi Stocks
- IPO Updates
- December 8, 2024
- 17 views
Mobikwik Ltd IPO Overview : IPO Details, Timeline, Price Band, Lot Size & GMP, Subscription Status
1. Mobikwik Ltd IPO Overview
Mobikwik Ltd IPO open for subscription on December 11, 2024, and will close on December 13, 2024. The final allotment of shares will be confirmed on November, 28, 2024. The share’s to be listed on Exchange December 2, 2024, and listing Exchange on BSE NSE.
Mobikwik Ltd IPO price band has been set between ₹265 to ₹279 per equity share.
The total issue size of Mobikwik Ltd IPO is approximately ₹572.00 Cr. This comprises 20,501,792 equity shares offered to the public.
The Gray Market Premium (GMP) of Mobikwik Ltd IPO is currently hovering around ₹120. This GMP shows high market sentiment, which indicates that the demand for IPO is quite high in the market. Due to this strong sentiment, good gain listings are expected.
2. Mobikwik Ltd IPO Timeline
Mobikwik Ltd IPO is expected to open soon, with the following key dates:
- IPO Opening Date -: The IPO is set to open on Wednesday, December 11, 2024.
- IPO Closing Date -: The IPO will close on Friday, December 13, 2024.
- Finalization of Allotment -: The IPO allotment status will be declared on Monday, December 16, 2024.
- Initiation of Refunds -: The refund amount will be credited to your bank account on Tuesday, December 17, 2024.
- Credit of Shares to Demat Account -: The shares will be credited to your Demat account on Tuesday, December 17, 2024.
- Listing Date -: The IPO will be listed on the stock exchanges on Wednesday, December 18, 2024, on BSE NSE.
3. IPO Size (IPO Price, Lot Size, and Issue Size)
- Price Band -: Mobikwik Ltd IPO price band has been set between ₹265 to ₹279 per share.
- Lot Size -: The IPO lot size has been set at 53 shares per lot.
- Issue Size -: The IPO issue size is estimated to be around ₹572.00 Cr.
- Fresh Issue -: The IPO fresh issue size is ₹2..05 crore share’s.
- Minimum Order Quantity -: Retail Investors can apply for a minimum of 1 lot.
- Maximum Order Quantity -: Retail Investors can apply for a maximum of 13 lots.
The lot size and price band will be crucial for retail investors looking to participate. Keep a close eye on these details once the IPO opens for subscription.
4. IPO GMP (Grey Market Premium) and Market Sentiment
As of December 07, 2024, the Grey Market Premium (GMP) for Mobikwik Ltd IPO is ₹120. This suggests that the expected listing price could be around ₹400 per share (₹279 IPO price + ₹120 GMP), indicating a potential gain of 26% on listing. The GMP is an indicator of the market sentiment and investor demand for the IPO.
5. About Mobikwik Ltd
MobiKwik Ltd is Founded in 2009 by Bipin Preet Singh and Upasana Taku. MobiKwik is leading digital banking platform, offering a wide range of financial products for both consumers and merchants, including payments, digital credit, and investments.
MobiKwik has 156 million registered users (as of 31 March 2024) who can make payments for all their daily life needs, including utility bills, eCommerce shopping, food delivery, and shopping at large retail chains, mom & pop (kirana) stores, etc. across a 4.1 million strong merchant network. As a technology-first company, it leverages big data analytics and deep data science (including machine learning) to continuously delight users and merchants on its platform. The Company’s mission is to build world-class financial products for Bharat!
With credit card penetration in India in the low single digits, the Company launched digital credit in 2018 to address the credit needs of a large and growing base of digitally savvy users. With 40 million credit pre-approved users, MobiKwik is focused on providing the unserved Indian population their first access to credit.
Understanding the growing awareness amongst Indians to gain financial independence, the Company launched wealth products in FY23 to enable its customers to confidently participate in the growth story of India. The rapid adoption witnessed in our flagship wealth product “Xtra” demonstrates the need for simplified investment products for consumers.
6. Mobikwik Ltd Company Financial Information
Below is a snapshot of the company’s financial performance, highlighting key financial metrics over the past few years:
| Financial Indicator | FY 2024 | FY 2023 | FY 2022 |
| Revenue | ₹890.32 Cr | ₹561.12 Cr | ₹543.22 Cr |
| Profit/Loss After Tax | ₹14.08 Cr | ₹-83.81 Cr | ₹-128.16 Cr |
| Total Assets | ₹854.65 Cr | ₹714.33 Cr | ₹836.13 Cr |
| Net Worth | ₹142.69 Cr | ₹162.59 Cr | ₹158.65 Cr |
| Reserves | ₹151.15 Cr | ₹131.26 Cr | ₹205.10 Cr |
| Borrowings | ₹211.71 Cr | ₹92.27 Cr | ₹150.91 Cr |
| Amount in ₹ Cr. | |||
How to Apply for Mobikwik Ltd IPO
Investors can apply for the Mobikwik IPO through:
- Online IPO Application: Via net banking using the ASBA (Application Supported by Blocked Amount) facility.
- UPI Method: Apply through UPI-supported platforms like Zerodha, Groww, Upstox, Angel One or Paytm Money.
- Brokers: Approach stockbrokers offering IPO application services.
- Bank Branches: Submit an offline IPO application form at your bank.
Make sure to complete the application process within the IPO window to ensure your bid is accepted.
- IPO Updates
- November 15, 2024
- 8 views
NTPC Green Energy IPO Overview : IPO Details, Timeline, Price Band, Lot Size & GMP, Subscription Status
NTPC Green Energy IPO: A Comprehensive Overview
The NTPC Green Energy IPO is one of the most anticipated public offerings in India’s renewable energy sector. As a subsidiary of NTPC Limited, one of India’s largest power generation companies, NTPC Green Energy aims to expand its renewable energy footprint. Through this IPO, the company plans to raise capital to further its efforts in solar and wind energy production, in line with India’s renewable energy targets. Below is a detailed guide covering key aspects of the NTPC Green Energy IPO, including its objectives, company details, financials, and much more.
1. IPO Overview
NTPC Green Energy Limited, a subsidiary of NTPC Limited, is focused on harnessing renewable energy sources like solar and wind power. As India moves towards a more sustainable energy future, NTPC Green Energy aims to play a key role in the country’s transition to green energy. This IPO will help the company raise funds to expand its renewable energy capacity and reduce its debt burden.
The IPO aims to attract investors who are looking for opportunities in India’s growing renewable energy market.
2. IPO Timeline
The NTPC Green Energy IPO is expected to open soon, with the following key dates:
- IPO Opening Date -: “The IPO is set to open on Tuesday, November 19, 2024.”
- IPO Closing Date -: “The IPO will close on Friday, November 22, 2024.”
- Finalization of Allotment -: TheIPO allotment status will be declared on Monday, November 25, 2024.
- Initiation of Refunds -: The refund amount will be credited to your bank account on Tuesday, November 26, 2024.
- Credit of Shares to Demat Account -: The shares will be credited to your Demat account on Tuesday, November 26, 2024.
- Listing Date -: The IPO will be listed on the stock exchanges on Wednesday, November 27, 2024, on NSE and BSE.
Make sure to mark these dates to ensure you don’t miss out on the opportunity to subscribe to the IPO.
3. IPO Size (IPO Price, Lot Size, and Issue Size)
- Price Band -: The IPO price band is fixed between ₹102 and ₹108 per share.
- Lot Size -: The IPO lot size has been set at 138 shares per lot.
- Issue Size -: The IPO issue size is estimated to be around ₹10,000 crore.
- Fresh Issue -: The IPO fresh issue size is ₹10,000 crore.
- Minimum Order Quantity -: Retail Investors can apply for a minimum of 1 lot.
- Maximum Order Quantity -: Retail Investors can apply for a maximum of 13 lots.
The final price and lot size details will be confirmed once the IPO opens. Ensure you check the latest details before applying.
4. IPO Reservation
The NTPC Green Energy IPO will be reserved for various categories of investors:
- Qualified Institutional Buyers (QIBs) -: 75% of the share are reserved for QIBs.
- Non-Institutional Investors (NIIs) -: 15% of the share are Reserved for NIIs.
- Retail Individual Investors (RIIs) -: 10% of the share are Reserved for RIIs.
This ensures that the IPO is accessible to a wide range of investors, from institutional buyers to retail investors.
5. IPO GMP (Grey Market Premium) and Market Sentiment
As of November 15, 2024, the Grey Market Premium (GMP) for the NTPC Green Energy IPO is ₹1. This suggests that the expected listing price could be around ₹109 per share (₹108 IPO price + ₹1 GMP), indicating a potential gain of 0.9% on listing. The GMP is an indicator of the market sentiment and investor demand for the IPO, and it has fluctuated recently, dropping from ₹25 to ₹1.
6. About the Company
NTPC Green Energy Limited is a key player in India’s renewable energy sector. As a wholly owned subsidiary of NTPC Limited, the company has access to a vast pool of resources and expertise. NTPC Green Energy focuses on the development, generation, and distribution of green energy, including solar and wind power.
Key Facts about NTPC Green Energy:
- Business Focus: Solar and Wind Energy
- Headquarters: [Insert Location]
- Installed Capacity: [Insert Capacity] MW (Megawatts)
- Future Plans: Expansion of renewable energy capacity to meet India’s target of 500 GW of non-fossil fuel-based energy by 2030.
The company is well-positioned to capitalize on India’s renewable energy potential, which is expected to grow rapidly in the coming years due to supportive government policies and increasing demand for clean energy.
7. Company Financial Information
Let’s take a closer look at the financial performance of NTPC Green Energy. Below is a snapshot of the company’s financials over the last few years:
| Particulars | FY22 | FY23 | FY24 |
| Revenue | ₹910 crore | ₹1,449 crore | ₹1,962 crore |
| Net Profit | ₹94.7 crore | ₹456 crore | ₹344 crore |
The financials reflect a steady growth trajectory, with strong revenue and profit figures. The company’s increasing profitability suggests that it is well on its way to becoming a significant player in the renewable energy space.
8. Key Performance Indicators (KPIs)
NTPC Green Energy has been showing positive trends in key performance indicators (KPIs) such as:
- Renewable Energy Capacity: The company has consistently increased its renewable energy capacity. As of FY 2023, it has an installed capacity of [Insert Number] MW.
- Revenue Growth: The company’s revenues have been growing steadily, supported by increasing demand for clean energy and the expansion of its renewable energy portfolio.
- Profitability: NTPC Green Energy has maintained a healthy profit margin, driven by efficient operations and strong demand for renewable energy.
These KPIs indicate that NTPC Green Energy is on track to achieve its long-term growth objectives.
9. IPO Objectives
The primary objectives of the NTPC Green Energy IPO are:
- Expansion of Renewable Energy Projects: A significant portion of the IPO proceeds will be used for the development of new solar and wind energy plants.
- Debt Reduction: Part of the funds will be allocated to repay the company’s debt, improving its financial stability.
- General Corporate Purposes: The remaining funds will be used for general corporate activities, including working capital and operational expenses.
This strategic allocation of funds will enable NTPC Green Energy to accelerate its growth in the renewable energy sector.
10. IPO Review
The NTPC Green Energy IPO presents a unique opportunity for investors to tap into India’s growing renewable energy market. As a subsidiary of NTPC, the company enjoys a solid reputation and financial backing. With the government’s focus on green energy, NTPC Green Energy is well-positioned to benefit from favorable policy measures and increasing demand for clean energy.
For long-term investors, the NTPC Green Energy IPO offers an opportunity to be part of India’s clean energy transition. However, investors should conduct their due diligence and assess the risks before making any investment decisions.
11. IPO Prospectus
The detailed IPO prospectus will be available on the official website of NTPC Green Energy. This document will provide investors with comprehensive information on the company’s financials, risk factors, and the terms of the offer. It is recommended that investors read the prospectus carefully before applying for the IPO.
12. IPO Registrar
The registrar for the NTPC Green Energy IPO is Kfin Technologies Limited. If you have any queries regarding the allotment status, application, or refund process, you can contact the registrar for assistance.
13. IPO Lead Managers
The lead managers responsible for managing the NTPC Green Energy IPO are:
- Idbi Capital Market Services Limited
- HDFC Bank Limited
- Iifl Securities Limited
- Nuvama Wealth Management Limited
These financial institutions will oversee the execution of the IPO, ensuring it proceeds smoothly and in compliance with all regulatory requirements.
14. How to Apply for the IPO
Investors can apply for the Swiggy Limited IPO through:
- Online IPO Application: Via net banking using the ASBA (Application Supported by Blocked Amount) facility.
- UPI Method: Apply through UPI-supported platforms like Zerodha, Groww, Upstox, Angel One or Paytm Money.
- Brokers: Approach stockbrokers offering IPO application services.
- Bank Branches: Submit an offline IPO application form at your bank.
Make sure to complete the application process within the IPO window to ensure your bid is accepted.
IPO FAQs
1. What is the price band for the NTPC Green Energy IPO?
The price band for the IPO is expected to be ₹102 to ₹108 per share.
2. How can I apply for the IPO?
You can apply for the IPO via the ASBA (Application Supported by Blocked Amount) system or through online brokers.
3. What is the minimum lot size for this IPO?
The minimum lot size for the NTPC Green Energy IPO is 138 shares per lot.
4. When will the shares be listed?
The shares of NTPC Green Energy will be listed on NSE, BSE on November 27, 2024.
5. What is the allotment process?
The allotment will be done on a pro-rata basis. You will receive an email or SMS regarding your allotment status.
Conclusion
The NTPC Green Energy IPO is a promising opportunity for investors looking to participate in India’s renewable energy growth story. With a strong parent company, NTPC Limited, and a clear vision for expansion in the green energy sector, NTPC Green Energy is poised for long-term growth. While the renewable energy sector presents a bright future, investors should assess the market conditions and their own investment goals before subscribing to the IPO.
Disclaimer:
Before making any investment, it is important to carefully assess your risk tolerance and conduct thorough research. Investing in IPOs involves inherent risks, and market conditions can change rapidly. Please ensure you fully understand the potential risks and returns, and consider consulting with a financial advisor before proceeding with any investment decision.
- IPO Updates
- November 5, 2024
- 13 views
Swiggy Limited IPO 2024: Complete Details, Company Performance, and GMP Update
Swiggy Limited IPO: A Comprehensive Guide
In this blog, we’ll explore all the essential details about the Swiggy Limited IPO, including the IPO timeline, price band, company background, financial performance, and GMP (Grey Market Premium). “If you’re considering investing, this article will help you make a fully informed decision.”
Swiggy Ltd IPO 2024 : Complete details IPO Price, Allotment, GMP Updated
Table of Contents
- Introduction to Swiggy Limited
- IPO Details (Issue Size, Price, Dates, and Lot Size)
- Objectives of the IPO
- Financial Performance of Swiggy Limited
- Industry Overview
- Strengths and Risks of Investing in Swiggy Limited IPO
- Grey Market Premium (GMP) and Market Sentiment
- How to Apply for the IPO
- Conclusion
1. Introduction to Swiggy Limited
Swiggy Limited is one of India’s leading online food delivery platforms, revolutionizing the way people order food. Founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini, the company is headquartered in Bengaluru, Karnataka. Swiggy operates through its user-friendly mobile app and website, allowing customers to browse a vast selection of restaurants and cuisines, place orders, and receive food at their doorstep.Swiggy also offers “Swiggy One,” a subscription for discounts, and data-driven tools to enhance partner businesses. This comprehensive ecosystem has driven its reach, with a workforce of over 5,400 employees by mid-2024 and continual expansion across India.
2. IPO Details (Issue Size, Price, Dates, and Lot Size)
- IPO Opening Date: On Wednesday November 6, 2024
- IPO Closing Date: On Friday November 8, 2024
- Issue Size: 11327.43 Cr. (Fresh Issue + Offer for Sale)
- Price Band: ₹371.00 – ₹390.00 per share
- Lot Size: 38 Shares
- Listing Exchange: NSE and BSE
- Face Value: ₹1 per share
The IPO will consist of a fresh issue of shares as well as an offer for sale (OFS) from existing promoters and shareholders. Retail investors can apply in multiples of the lot size, with a portion of the issue reserved for individual investors, institutional buyers, and non-institutional investors.
3. Objectives of the IPO
Here are the objectives of Swiggy Ltd’s IPO in short, impactful points:
- Instamart Expansion: Scale up grocery delivery through new dark stores in additional cities.
- Tech and Infrastructure: Invest in technology upgrades, cloud solutions, and automation to improve service efficiency.
- Brand Building: Strengthen brand presence with targeted digital marketing campaigns.
- Strategic Acquisitions: Pursue acquisitions and partnerships to enhance service offerings and expand revenue streams.
- Operational Support: Allocate funds for working capital and general corporate purposes to support Swiggy’s growth momentum.
4. Financial Performance of Swiggy Limited IPO
Below is an overview of Swiggy Limited financial performance over the past three years:
| Financial Year | Revenue (₹ Crores) | Total Assets (₹ Crores) | Profit | Net Worth |
| 2021-22 | 6,119.78 | 14,406 | -3629 | 12,266.91 |
| 2022-23 | 8,714.45 | 11,281 | -4179 | 9,056.61 |
| 2023-24 | 11,634.35 | 10,529 | -2350 | 7,791.46 |
| Amount in Crores. |
5. Industry Overview
Swiggy operates in the Indian food delivery and quick-commerce industry, a rapidly expanding sector driven by urbanization, changing consumer habits, and digital adoption. Here are some insights into the industry:
1. Food Delivery Sector
- The Indian food delivery market has seen robust growth, with platforms like Swiggy and Zomato leading in market share. Rising internet penetration, the popularity of smartphone apps, and consumers’ preference for convenience have fueled this demand.
- The industry is expected to grow as younger consumers embrace online food delivery for its variety and convenience. However, it faces challenges like intense competition, high operational costs, and the need to maintain quality in delivery service.
2. Quick-Commerce Growth
- Swiggy’s Instamart division is part of the booming quick-commerce segment, which delivers groceries and essentials within a short timeframe. The demand for hyperlocal delivery has surged, especially post-pandemic, as customers seek fast, doorstep convenience for groceries and daily essentials.
- Quick-commerce players in India compete with offline retail and e-commerce giants like Amazon Fresh, Flipkart Quick, and Reliance JioMart. Swiggy’s extensive dark store network supports its quick-commerce ambitions, positioning it strongly within this space.
3. Consumer Preferences and Digital Penetration
- Increased digital adoption, especially in tier 2 and 3 cities, is broadening the market for food and grocery delivery services. Consumers prioritize convenience and efficiency, and Swiggy’s investment in tech and digital marketing helps meet these demands.
- With rising disposable incomes, younger demographics are more likely to use these services regularly, further expanding Swiggy’s customer base.
4. Regulatory and Market Dynamics
- The food delivery and quick-commerce sectors face regulatory scrutiny, especially in areas like data privacy, food safety, and labor conditions for delivery partners. Swiggy must balance growth with compliance, ensuring safe and fair practices.
- Additionally, high cash-burn models challenge profitability. Both Swiggy and its competitors are shifting focus toward achieving long-term sustainability while managing customer acquisition and retention costs.
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7. Grey Market Premium (GMP) and Market Sentiment
As of the latest update, the GMP for Swiggy Limited IPO is approximately ₹20 per share, indicating positive market sentiment. Investors are optimistic about the company’s future prospects, given its strong financials and growth potential in the infrastructure sector.
GMP can fluctuate before the listing, so it’s advisable to track it regularly to gauge the demand for the IPO.
8. How to Apply for the IPO
Investors can apply for the Swiggy Limited IPO through:
- Online IPO Application: Via net banking using the ASBA (Application Supported by Blocked Amount) facility.
- UPI Method: Apply through UPI-supported platforms like Zerodha, Groww, Upstox, Angel One or Paytm Money.
- Brokers: Approach stockbrokers offering IPO application services.
- Bank Branches: Submit an offline IPO application form at your bank.
Make sure to complete the application process within the IPO window to ensure your bid is accepted.
9. Conclusion
Swiggy Limited IPO offers investors an opportunity to participate in the growth story of a well-established company in the construction and infrastructure space. While the company has demonstrated strong revenue growth, the IPO proceeds will be crucial in managing debt and fueling future expansion.
However, potential investors should carefully consider the risks associated with the sector, including market volatility and rising material costs. It’s advisable to evaluate your financial goals and risk tolerance before investing.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It is not intended to serve as financial, investment, or professional advice. Please conduct your own research or consult a certified financial advisor before making any investment decisions. The author or publisher is not responsible for any losses or damages incurred as a result of reliance on the information provided. Investing in IPOs and the stock market involves risk, and past performance does not guarantee future results.
FAQs
What is the price band for the Swiggy Ltd IPO?
The IPO price band is set between ₹371 and ₹390 per share.
What is the minimum investment required?
The minimum lot size for retail investors is 38 shares, translating to an investment of approximately ₹14,820 at the lower end of the price band
When is the Swiggy IPO opening and closing date?
The Swiggy IPO is scheduled to open on November 6, 2024, and close on November 8, 2024. The shares are expected to be listed on the stock exchanges by November 13, 2024
How can I apply for the Swiggy 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 Swiggy 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 Swiggy’s IPO?
The registrar for Swiggy Ltd’s IPO is Link Intime India Pvt Ltd. Investors can check their allotment status on Link Intime’s official website.
- IPO Updates
- November 5, 2024
- 11 views
Sagility India Ltd IPO : IPO Price band, Lot Size, subscription status & more details
“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.
