Sagility India IPO

Nov 5, 2024 Credit: iStock

Bengaluru-based Sagility India’s initial public offering (IPO) is now open and will close on Thursday, November 7. Credit: iStock

Price band

Sagility India has fixed a price band of ₹28-₹30 per share for its public issue. Credit: Unsplash

About the company

Sagility India is a Bengaluru-based healthcare-focused solutions and services provider focused on the US market. A Credit: Canva

IPO size

Sagility India is looking to raise ₹2,106.60 crore from the current IPO. This is entirely an offer for sale of ₹2,106.60 crore. Credit: iStock

Lot size

Investors can bid for a minimum of 500 shares and in multiples of 500 shares thereafter. Credit: Unsplash

Current operations

Sagility India serves five of the ten largest US insurance health insurers in the US. It reported 35,044 employees as of March 31, 2024. Credit: iStock

Financials

The company’s income was ₹4,781.5 crore in FY24, up from ₹4,246.06 crore in FY23. The company reported a profit of ₹228.27 crore in FY24, up from ₹143.57 crore profit reported in FY23. Credit: iStock

Risk factors

The company faces tough competition in the US market. It is entirely dependent on the US healthcare market and is prone to any adverse effects on the US healthcare market. Credit: iStock

Sagility India IPO GMP

Sagility India is currently commanding a grey market premium (GMP) of ₹1 per share. Credit: Unsplash

Objectives of the issue

As it is entirely an offer for sale, the company will not receive any amount from the funds raised. Credit: iStock

Disclaimer

The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, and registered advisors for professional and personalised financial advice. Credit: Canva