Sagility India launched its IPO on November 06 to raise a total of Rs 2,106.60 crore. The company closed the bidding for its IPO subscription on November 07. It was subscribed almost 3.2 times more than the offered shares. The retail segment was subscribed 4.16 times, which was the highest bidding. The QIBs booked the issue 3.52 times. The NIIs placed the bids 1.93 times more than the offered shares.
Now, the allotment of the shares will be finalised by November 08. The investors who applied can check the allotment status in five simple steps:
Step 1
Open any search engine. Go to the website of the registrar handling the issue. In Sagility India’s IPO, Link Intime India is the registrar.
Step 2
Click on the public issue section on the left side of the webpage.
Step 3
Enter details like the company’s name and PAN number/ application number/ client ID/ account number.
Step 4
Hit the submit button
Step 5
A screen will pop up with the status.
Listing Details
The listing of Sagiility India is likely to take place on November 12, as per the tentative schedule.
IPO Details
Sagility India IPO was entirely an offer for sale of 70.22 crore shares. It kept the price band in a range of Rs 28 to Rs 30 per equity share. The issue has an employee reservation of 108,900 shares, which were available to them at a discount of Rs 90 per equity share to the issue price. A retail buyer had to bid for at least one lot containing 500 shares which amounted to Rs 15,000. While for NIIs and QIBs the minimum investment required was different than that of retailers. An application from a small NII could apply for a minimum of 7000 shares and a big NII 33,500 shares.
Expert’s take on Sagility India
“There are no comparable peers having a business model similar to SIL. At the higher price band, SIL is demanding a P/E multiple of 67.5x (to its TTM EPS of Rs. 0.44), which appears to be fairly priced. The company operates in a niche within the U.S. healthcare industry, positioning itself between healthcare providers and payers,
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