Sagility India, a provider of healthcare-focused solutions and services to U.S. health insurers launched its IPO on November 5, Tuesday, and will close on November 7.

The company aims to raise ₹2,106.60 crore through an offer for sale of 70.22 crore shares, priced at ₹28-30 per share. The company is scheduled to list on both BSE and NSE on November 12, Tuesday.

Sagility India IPO Subscription Status

As per the data from stock exchanges, the IPO of Sagility India has seen a subscription status of 0.16 times. The retail individual investor (RIIs) portion was subscribed 0.80 times, while the non-institutional investor (NII) portion saw a subscription of 0.04 times. The employees’ portion was subscribed 1.02 times. The Qualified Institutional Buyers (QIBs) have not yet bid for the shares.

Sagility India IPO GMP

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The grey market premium (GMP) for Sagility India IPO fell to ₹0 on Tuesday from ₹3 on Monday. This puts the IPO’s tentative listing price at ₹30.

However, it’s crucial to note that while GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock’s performance upon listing.

Sagility India IPO Details

Sagility India aims to raise ₹2,106.60 crore through an offer for sale of 70.22 crore shares. The issue is priced at ₹28-30. As the issue is a complete offer for sale, the proceeds from the IPO will go to Sagility BV, the promoter who is selling shares in the issue. ICICI Securities, IIFL Securities, Jefferies India Private Limited and J.P. Morgan India Private Limited are the book runners of the IPO and Link Intime India is the registrar.

About Sagility India

Sagility India provides healthcare-focused solutions and services to U.S. health insurers who are payers for financing and reimbursing the cost of healthcare services. It also caters to hospitals, physicians, diagnostics and medical technology companies.

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