Sagility India Files For IPO

Sagility India, a technology-enabled healthcare services provider, has officially filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to initiate fundraising through an initial public offering (IPO). 

The public issue will consist of an offer-for-sale (OFS) of 984 million equity shares, with no fresh issue component, signaling a significant move in the market.

Promoted and backed by Sagility BV, an affiliate of EQT Private Capital Asia, Sagility India operates under the aegis of the Colorado-based Sagility. The company boasts a workforce of over 35,000 employees spread across five geographies, including India, the Philippines, the United States, Colombia and Jamaica.

Financially, Sagility India has shown decent growth. In the fiscal year 2024 (FY24), the company's revenue from operations saw a notable increase of 12.7 per cent, reaching Rs 4,753 crore compared to Rs 4,218 crore in the previous fiscal year. Additionally, the company's profit after tax grew to Rs 228.3 crore for FY24, a rise from Rs 143 crore in FY23.

The IPO process will be managed by ICICI Securities, IIFL Securities, Jefferies India and JP Morgan India, who have been appointed as the merchant bankers for the issue.