Sagility India – Today is the second day of bidding for Sagility India Limited’s Initial Public Offer (IPO). As of 10:30 a.m. today, this issue had been subscribed 0.23 times. It was subscribed 1.14 times in the retail category and 0.08 times in the non-institutional investors (NII) category.
Tomorrow, 7 November, is the last day to bid for this IPO. On November 12, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Sagility India, which provides healthcare-focused solutions and services, wants to raise Rs 2,106.60 crore through this issue. To this end, the company’s existing investors are selling 702,199,262 shares worth Rs 2,106.60 crore through an Offer for Sale (OFS). The company is not issuing a single fresh share.
What is the minimum and maximum amount that can be invested in Sagility India?
Sagility India has fixed the price band of this issue at Rs 28 to Rs 30 per share. Retail investors can bid for a minimum of one lot i.e. 500 shares. If you apply for 1 lot as per the IPO’s upper price band of Rs 30, then you will have to invest Rs 15,000 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 6500 shares. For this, investors will have to invest ₹ 195,000 according to the upper price band.
10% of the issue is reserved for retail investors
The company has reserved 75% of the issue for qualified institutional buyers (QIB). Apart from this, 10% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).
The revenue for Sagility India has increased by 13% annually
Sagility India’s revenue grew 13% year-on-year to Rs 4,781.5 crore in FY2023-24 from Rs 4,236.06 crore a year ago.
Net profit grew 59% to Rs 228.27 crore as against Rs 143.57 crore in FY23. Revenue stood at Rs 1,247.76 crore and net profit at Rs 22.29 crore in the April-June 2024 quarter.
What is an IPO?
When a company issues its shares to the general public for the first time, it is called an Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.
