Sagility India IPO booked 22%; check day 1 subscription status and other key details

Sagility India Limited IPO saw a lukewarm response from the investors on the first day of bidding on Tuesday, November 5. The mainboard issue was subscribed 22% driven by retail investors. The retail portion of the IPO was fully subscribed.

The initial public offering (IPO) of the healthcare solutions provider is open for subscription from November 5 to November 7.

Sagility India received bids for over 8.66 crore shares against the 38.7 crore shares on offer.

Retail individual investors applied for over 7.63 crore shares compared to 7 crore shares reserved for the category. The retail portion of the mainboard issue was booked 1.09 times. The Non-Institutional Investors (NIIs) placed bids for 76.73 lakh shares against the 10.5 crore shares set aside for them. The NII quota was booked only 7%.

The Qualified Institutional Buyers’ (QIBs) segment received bids for 49,000 shares on the first day of subscription against 21 crore shares set aside for the category.

Employees of the company booked their quota 1.35 times as they applied for 25.58 lakh shares compared to the 19 lakh shares reserved for them.

Sagility India IPO offer size, price band and minimum investment

Sagility India IPO aims to raise ₹2,106.6 crore through an offer-for-sale (OFS) of 70.22 crore shares. The IPO price band has been fixed at ₹28 to ₹30 per share.

Retail investors can apply for the issue by placing bids for a minimum of 500 shares, which aggregates to an investment of ₹15,000.

The small NIIs can apply for a minimum of 14 lots, or 7,000 shares, which amounts to an investment of ₹2,10,000. The minimum application size for Big NIIs is 67 lots, or 33,500 shares, translating to an investment of ₹10,05,000.

Sagility India IPO dates

Sagility India IPO share allotment status is likely to be finalised on Friday, November 8. The company will also initiate refunds for non-allottees on the same day.

Successful bidders will receive shares of the company in their Demat accounts on Monday, November 11.

Shares of the company will be listed on the NSE and BSE. The IPO listing has been tentatively scheduled for November 12.

Sagility India's key financials

Sagility India’s revenue for Q1FY25 stood at ₹1,247.76 crore and its Profit-After-Tax (PAT) stood at ₹22.29 crore. The company’s net worth was ₹7,608.16 crore at the end of the June quarter of FY25.

The healthcare solutions provider’s revenue for FY24 grew nearly 13% to ₹4,781.5 crore compared to ₹4,236.06 crore in FY23. The company’s PAT for the fiscal ended March 31, 2024, grew nearly 59% to ₹228.27 crore compared to ₹143.57 crore in the fiscal ended March 31, 2023. The net worth of the company also increased more than 3% to ₹6,443.13 crore in FY24 from ₹6,206.67 crore in the preceding fiscal.

Sagility India IPO Registrar

The book-running lead managers for the public issue are ICICI Securities Limited, IIFL Securities Ltd, Jefferies India Private Limited and JP Morgan India Private Limited. The registrar for the public issue is Link Intime India Private Ltd.

Sagility India Promoters

The promoters of Sagility (India) are Sagility B.V. and Sagility Holdings B.V. The promoters of the company held a 100% stake in the company before the public issue.

About Sagility India Limited

Sagility India Limited is a provider of healthcare-focused solutions and services to payers such as US health insurers and to providers of healthcare services like hospitals, physicians, diagnostics and medical technology companies. The company’s services portfolio consists of claims administration, payment integrity, clinical management and other such services.