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Sagility India IPO opens for subscription: Check lot size, price band, key dates and more
3 min read | Updated on November 05, 2024, 11:22 IST
SUMMARY
Sagility India IPO: Investors can apply for a minimum of 500 shares valued at ₹14,000. The company has reserved 75% of the issue for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.
Sagility India offers technology-led services to payers like US health insurance companies and providers such as hospitals, physicians, and medical device firms.
Sagility IPO: The initial public offering (IPO) of technology-enabled healthcare services provider Sagility India Ltd opened for subscription on Tuesday, November 5. The issue, with a price range of ₹28-₹30 per equity share, will conclude on November 7.
The Bengaluru-based company's initial share sale, with no fresh issue component, is an offer-for-sale of 70.22 crore shares worth ₹2,106.60 crore.
On Monday, the company raised more than ₹945 crore in the anchor round from investors such as Nomura Funds Ireland, Florida Retirement System - Allspring Global Investments, Government Pension Fund Global, LLC (EMSC), Goldman Sachs (Singapore) Pte and Amundi Funds New Silk Road.
HDFC Mutual Fund (MF), Motilal Oswal MF, ICICI Prudential MF, ICICI Prudential Life Insurance Company and Max Life Insurance Co Ltd also participated in the anchor bidding.
Among the investors who picked a stake in Sagility India are Avendus Future Leaders Fund II, which acquired 0.9% shares for ₹126 crore, 360 One, which bought 1.07% shares for ₹150 crore, and Gautam Adani-backed Adani Properties, which got a 0.14% stake for ₹20 crore.
Sagility India IPO: Subscription status
According to the consolidated data on the NSE, the issue has received bids for 3,10,67,500 shares against 38,70,64,594 shares on offer as of 11:21 am.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | -- |
| Non-institutional investors | 2% |
| Retail Individual Investors (RIIs) | 40% |
| Total | 8% |
Sagility India IPO: Lot size
Investors can apply for a minimum of 500 equity shares valued at ₹14,000. The company has reserved 75% of the issue for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.
Sagility India IPO: Allotment and listing date
- Bidding period: November 5-November 7
- Allotment finalisation: November 8
- Refund initiation: November 8
- Demat transfer: November 11
- Listing on NSE and BSE: November 12
Sagility India offers technology-led services to payers like US health insurance companies and providers such as hospitals, diagnostics, physicians, and medical device firms.
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