On November 5, 2024, Sagility India launched its IPO, a book-built issue worth ₹2,106.60 crores. The IPO is entirely an offer for sale of 70.22 crore shares.

The price band for the IPO is set between ₹28 to ₹30 per share, with a minimum lot size of 500 shares, translating to a minimum investment of ₹15,000 for retail investors.

Sagility India IPO Subscription Status

As of 3:57 pm on Wednesday, the Sagility India IPO has seen a subscription of 0.50 times. The Retail Individual Investors (RIIs) category has been subscribed 2.16 times, while the Non-Institutional Investors (NIIs) category has seen a subscription of 0.21 times. The qualified institutional buyers (QIBs) category is subscribed 0.07 times.

The issue includes a reservation of up to 19 lakh shares for employees, offered at a discount of ₹2 to the issue price.

Sagility India IPO GMP

The Sagility IPO GMO stands at ₹0.75 as of Wednesday. Adding the GMP to the upper price band, the expected listing price for the IPO remains at ₹30. However, it is crucial to remember that GMPs are indicative and should not be the sole factor determining the company’s performance upon listing.

See Also: Move On From Elcid, This Small Cap Stock Has Rocketed 50,000% In 2024

Sagility India IPO Details

The IPO opened for subscription on November 5, 2024, and will close on November 7, 2024. The allotment for the Sagility India IPO is expected to be finalised on Friday, November 8, 2024, with a tentative listing date fixed as Tuesday, November 12, 2024, on BSE and NSE.

The Bengaluru-based healthcare services provider raised ₹945.4 crore from 52 anchor investors on November 4, ahead of its IPO. The company confirmed the allocation of 31.51 crore equity shares to anchor investors at ₹30 per share.

Global investors participating in the anchor book include Nomura Funds, Government Pension Fund Global, Florida Retirement System, TIMF Holdings, Societe Generale, and Goldman Sachs. Among domestic investors are ICICI Prudential Mutual Fund, HDFC Mutual Fund, Mirae Asset, ICICI Prudential Life Insurance, and Whiteoak Capital.

About Sagility India

Sagility India is a leading player in the Indian market, known for its robust business model and diversified product portfolio. The company’s IPO is expected to further bolster its market position and fuel its growth strategies.

Read Next: IEX Jumps 1% After Posting 4% Rise In October Electricity Trade Volume