October 30, 2024
New Delhi, India
IPO Opening and Price Band
Sagility India’s Initial Public Offering (IPO) is scheduled to open on November 5 and will close on November 7. The company has set a price band between ₹28 and ₹30 per share. At the upper price band, Sagility aims to raise ₹2,106.60 crore.
Offer for Sale and Stakeholder Information
The IPO consists entirely of an Offer for Sale (OFS), with 70.22 crore shares offered by promoter Sagility B.V. The floor and cap prices are 2.80 and 3 times the face value of ₹10 per share, respectively.
Key Dates and Allotment Details
- Anchor Allotment: Opens November 4
- Basis of Allotment Finalization: November 8
- Listing Date: Expected on November 12 on BSE and NSE
Bid Details
- Minimum Bid Lot: 500 shares and multiples thereof
- Discount for Employees: ₹2 per share in the employee reservation portion
- Category Reservation:
- QIBs: 75%
- NIIs: 15%
- Retail Investors: 10%
- Employee Reservation: 19,00,000 shares
Market Sentiment
As of now, no grey market activity has been recorded for Sagility India shares.
About Sagility India
Sagility India specializes in technology-enabled business solutions for the U.S. healthcare industry, serving Payers (health insurance firms) and Providers (hospitals, doctors, and medical device companies).
IPO Management
ICICI Securities, IIFL Securities, Jefferies India, and J.P. Morgan India are the book-running lead managers, with Link Intime India as the IPO’s registrar.
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