Sagility India IPO to list on NSE and BSE on Tuesday, November 12. The issue was subscribed 3.2 times with the retail section seeing reasonable interest. The IPO opened on November 05 and closed on November 07. Sagility India raised Rs 2,106.60 crore through a combination of fresh shares and an offer for sale.
Sagility India GMP
The premium for Sagility has declined in the grey market to a mere rupee more than the issue price. This indicates flat listing gains for Sagility India. The grey market is an unofficial place to trade shares ahead of listing.
Price band and allotment
Sagility India’s IPO price band ranged between Rs 28 to Rs 30 per equity share. The allotment of shares was finalised on November 08 by the registrar of the company.
Minimum investment required and employee reservation
Retail buyers need to buy at least 500 shares which amounts to Rs 15,000. There are different lot sizes for small and big NIIs. The minimum investment required for a small NII is Rs 2,10,000 while for a big NII, it is Rs 10,05,000. The company kept aside up to 1,900,000 shares for employees, which will be offered at a discount of Rs 2 to the issue price.
About Sagility India
Sagility India specializes in healthcare technology services, strategically positioned at the intersection of healthcare and digital innovation. With a focused approach in this dynamic sector, the company has attracted strong investor interest, including pre-IPO funding from notable backers such as Adani Properties.
Also ReadSagility India IPO opens on November 05: Here are key things to know before you subscribe
Expert’s take on Sagility India
“For the last three fiscals, the company has reported an average EPS of Rs 0.37 and an average RoNW of 2.52%. The issue is priced at a P/BV of 1.85 based on its NAV of Rs 16.25 as of June 30, as well as post IPO basis. If we attribute annualized FY25 earnings to a post-IPO fully diluted equity base, then the asking price is at a P/E of 157.89 and based on FY24 earnings, the P/E stands at 61.22. Thus the issue appears aggressively priced,” said Bajaj Broking in an IPO note.
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