Sagility India Ltd. (SIL) has come up with a purely Offer-for-Sale IPO worth Rs 2106.60 crore. The company specialises in providing technology-driven business solutions for the U.S. healthcare sector, serving both Payers (health insurance companies) and Providers (hospitals, physicians, and medical device companies). The company's comprehensive service portfolio includes core benefits administration and clinical functions for Payers while offering revenue cycle management services to Healthcare Providers, making it a specialised end-to-end healthcare services provider in the U.S. market. In this blog, we will explore the Sagility India IPO details in depth.
So, should you subscribe to the Sagility IPO? Let us look at the IPO fundamentals. The IPO will open for subscription on the 5th of November through the 7th of November. This issue is entirely an offer for sale of 70.22 crore shares worth ₹2106.60 crore. The shares of Sagility India will be listed on BSE and NSE on the 12th of November.
| IPO Date | November 5, 2024 to November 7, 2024 |
| Listing Date | November 12, 2024 |
| Price Band | ₹28 to ₹30 per share |
| Lot Size | 500 Shares |
| Total Issue Size | 702,199,262 shares of ₹10 (aggregating up to ₹2,106.60 Cr) |
| Offer for Sale | 702,199,262 shares of ₹10 (aggregating up to ₹2,106.60 Cr) |
| Employee Discount | ₹2 per share |
| Listing At | BSE, NSE |
This upcoming IPO will be open for subscription on November 5, 2024. In the table below, you will find the detailed Sagility India IPO timeline.
| Subscription opens on | Tuesday, November 5, 2024 |
| Subscription closes on | Thursday, November 7, 2024 |
| Basis of allotment | Friday, November 8, 2024 |
| Initiation of refunds | Friday, November 8, 2024 |
| Credit of Shares to your Demat account | Monday, November 11, 2024 |
| Listing Date | Tuesday, November 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 7, 2024 |
Understanding a company’s financials is of utmost importance before you invest in it. Let us take a glance at Sagility India’s financial position before its IPO. The numbers are in crore.
| Period Ended | June 30, 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 10,388.01 | 10,664.20 | 10,590.48 | 10,096.28 |
| Revenue | 1,247.76 | 4,781.50 | 4236.06 | 944.39 |
| Profit After Tax | 22.29 | 228.27 | 143.57 | -4.67 |
| Net Worth | 7,608.16 | 6,443.13 | 6,206.67 | 4,026.62 |
| Reserves and Surplus | 2,704.28 | 1,855.44 | 4,013.38 | 2,073.80 |
| Total Borrowing | 943.91 | 1,993.52 | 2,347.94 | 4,230.23 |
Pre-IPO funding: Ahead of its IPO, Sagility India raised ₹366 crore from nine investors, including prominent names like Adani Properties, Elpro International, and Avendus 360 ONE.
Business & Market Risks: The company functions in a highly competitive healthcare services industry and is exclusively dependent on the U.S. healthcare market
Financial Risks: The firm has significant exposure to goodwill and intangible assets, raising concerns regarding risk of asset impairment affecting financial condition
Regulatory & Legal Concerns: The company’s Independent Director is under SEBI investigation (Linde India Limited case)
Investors should carefully consider the company's financial performance, growth prospects, and valuation before investing in the Sagility India IPO. Investors should consider the above factors and make a rational decision based on facts instead of sentiments.
1. What is the IPO price band for Sagility India?
The price band for the Sagility India IPO is set at ₹28 to ₹30 per share.
2. When is the Sagility India IPO opening and closing?
The Sagility India IPO is scheduled to open for subscription on November 5, 2024, and will close on November 7, 2024.
3. When will the Sagility India IPO shares be listed on the stock exchange?
The shares of Sagility India are expected to be listed on the stock exchange on November 12, 2024.
4. What is the minimum investment required for the Sagility India IPO?
The minimum investment required for the Sagility India IPO is ₹15000 for retail investors, which corresponds to a minimum lot size of 500 shares.
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