Sagility India shares locked in 5% lower circuit as parent Sagility BV offloads stake via OFS

Shares of Sagility India were locked in 5% lower circuit at ₹40.72 as its promoter Sagility BV started selling stake in the company via offer for sale (OFS). Sagility BV is selling up to 15.02% stake in the company through an OFS, aiming to align with minimum public shareholding norms. The sale includes an initial tranche of 34.61 crore equity shares, representing a 7.39% stake, with an option to offload an additional 35.69 crore shares (7.62%) in case of oversubscription.

The OFS for non-retail investors will open on Tuesday, May 27 and will be available to both retail and non-retail investors from May 28. The floor price has been set at ₹38 per share, the company said in an exchange filing.

Sagility India, a US-focused, technology-enabled healthcare services provider, has drawn investor interest following a stellar performance after listing in November last year. Since its debut in November 2024, the stock has surged over 65%, to hit 52-week high of ₹53.86 in December, data from BSE showed.

Strong quarterly earnings have fuelled momentum for Sagility India. For quarter ended March 2025, the company’s net profit jumped 128% year-on-year to ₹183 crore, while revenue climbed 22% to ₹1,568 crore. Analysts have lauded the company's niche in healthcare outsourcing, on the back of consistent demand and resilient non-discretionary spending in the sector.

Sagility India shares ended 0.96% higher at ₹42.86 on Monday.