Sagility India IPO opens on Nov 5: Check price band, lot size, key dates and more

Sagility India IPO: The initial public offering of healthcare-focused solutions and services provider Sagility India will open for subscription on Tuesday, November 5. The issue, which has set a price band at ₹28-₹30 per equity share, will conclude on Thursday, November 7.

The ₹2,106.59 crore initial share sale is a complete offer-for-sale (OFS) of 702,199,262 shares. There is no fresh component, meaning that the Bengaluru-based firm will not receive proceeds from the public issue.

According to the red herring prospectus, the bidding for anchor investors will take place on Monday, November 4.

Sagility India IPO: Lot size

An interested investor can apply for a minimum of one lot size, consisting of 500 shares worth ₹15,000 and in multiples after that.

The company has reserved 75% of the issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.

The issue's book-running lead managers are ICICI Securities Ltd, Jefferies India Pvt Ltd, IIFL Securities Ltd, and JP Morgan India Pvt Ltd. Link Intime India is the issue's registrar.

Sagility India IPO: Key dates

• Bidding period: November 5 to November 7
• Basis of Allotment: November 8
• Credit to equity shares to Demat account: November 11
• Listing on NSE and BSE: November 12

Sagility India IPO: About the company

Sagility India offers technology-enabled solutions to clients in the United States healthcare industry. The company is a pure-play health-focused services provider, and its clients include payers (health insurance firms) and providers (hospitals, physicians, and diagnostic and medical devices firms).

In the first quarter of the financial year 2024-25 (Q1 FY25), the company's consolidated total income increased 10.6% to ₹1,247.75 crore compared to ₹1,127.5 in Q1 FY24.

The profit after tax declined 47.5% to ₹22.29 crore in the April-June quarter of FY25 against ₹42.49 crore in the year-ago period.

In FY24, the revenue and net profit stood at ₹4,781.5 (up 12.8% YoY) and ₹228.26 crore (up 58.9% YoY), respectively.