_20241106124408_original_image_40.webp)
Sagility India initial public offering (IPO) opened on the Indian primary market on 5 November 2024, with bidding available until 7 November 2024. This gives investors three days—Tuesday to Thursday—to participate in the offer. The healthcare solutions provider has set a price band of Rs 28 to Rs 30 per share, targeting a total raise of Rs 2,106.60 crore. Notably, the IPO is an entirely offer-for-sale (OFS) structure.
The minimum investment requirements for the IPO are set by investor category. Retail investors can apply for a minimum of 500 shares, translating to a minimum outlay of Rs 15,000. For small non-institutional investors (sNII), the minimum lot size is 7,000 shares, requiring Rs 210,000, while large non-institutional investors (bNII) must invest in at least 33,500 shares, amounting to Rs 1,005,000. Employees of Sagility India are offered a reserved portion of up to 1,900,000 shares at a Rs 2 discount per share.
Ahead of the IPO, shares are reportedly trading at a premium of Rs 3 in the grey market, reflecting positive interest. The IPO’s book-building process proposes listing the shares on both the BSE and NSE, with an anticipated listing date of 12 November 2024.
Sagility B.V. and Sagility Holdings B.V. are the promoters behind Sagility India Limited.
As of 11:48 AM on the second day of bidding, the IPO was subscribed 0.34 times in total. The retail investor segment of the issue was subscribed 1.65 times, while the non-institutional investor (NII) portion recorded a 0.12 times subscription rate.
