The Sagility India IPO has officially opened for subscription today, November 5, 2024. This IPO is a significant event for investors, particularly those interested in the healthcare sector. Sagility India specializes in providing technology-enabled business solutions and services to clients in the U.S. healthcare industry. They cater primarily to Payers—U.S. health insurance companies—and Providers, including hospitals, physicians, and companies involved in diagnostic and medical devices.

This IPO is a Book Built Issue with a total amounting to ₹2,106.60 Crores, which consists entirely of an Offer for Sale of 7,021.99 Lakh Shares. The subscription period for this IPO is relatively short, opening today and closing on November 7, 2024. The allotment of shares is expected to be finalized around November 8, 2024, with the listing on the BSE & NSE anticipated on November 12, 2024.

The share price band for the Sagility India IPO is set between ₹28 to ₹30 per equity share. With this pricing, the Market Capitalization of Sagility India Limited at the upper price of ₹30 per share will be approximately ₹14,043.98 Crores. The lot size for the IPO is 500 shares, meaning that retail investors need to invest a minimum of ₹15,000. For High-Net-Worth Individuals (HNIs), the minimum investment is 14 lots (420 shares), amounting to ₹2,10,000.

Leading the charge for this IPO are major financial firms, including ICICI SECURITIES LIMITED, IIFL SECURITIES LIMITED, JEFFERIES INDIA PRIVATE LIMITED, and J. P. MORGAN INDIA PRIVATE LIMITED, who act as book-running lead managers. The registrar for this issue is LINK INTIME INDIA PRIVATE LIMITED.

Sagility India Limited IPO GMP Today

As of today, the Grey Market Premium (GMP) for the Sagility India Limited IPO is ₹0. This indicates that there is currently no expected trading based on the Grey Market Premium, as real price discovery typically does not occur until the shares are listed. The GMP reflects the demand and supply dynamics in an unorganized market and is provided purely for educational purposes.

Sagility India Limited IPO Live Subscription Status

In terms of live updates, as of 10:29 AM on November 5, 2024, the Sagility India IPO has been subscribed 0.04 times on its first day of the subscription period. Investors can check the live subscription status at the BSE.

Sagility India IPO Anchor Investors Report

Sagility India has successfully raised ₹945.40 Crores from Anchor Investors at the upper price of ₹30 per share. They allocated 31,51,34,668 equity shares to these investors, which provides an indication of institutional confidence in the company.

Objectives of Sagility India Limited IPO

The proceeds from the fresh issue will be utilized for two primary objectives:

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
2. To carry out the Offer for Sale of up to 702,199,262 Equity Shares of face value of ₹10 each by the Promoter Selling Shareholder.

Sagility India IPO Review

The promoters of Sagility India are Sagility B.V. and Sagility Holdings B.V. Looking at the financial performance, the revenues from operations for the fiscals 2024, 2023, and 2022 stand at ₹47,815.04 Million, ₹42,360.60 Million, and ₹9,443.94 Million, respectively. The EBITDA figures for the same years are ₹11,160.37 Million, ₹10,448.64 Million, and ₹2,105.72 Million. Furthermore, the Profit after Tax has improved significantly, showing ₹2,282.66 Million for fiscal 2024, compared to losses in previous years.

For the Sagility India IPO, the pre-issue EPS is ₹0.53, while the post-issue EPS is ₹0.48. The pre-issue P/E ratio stands at 56.60x, while the post-issue P/E ratio is 62.5x. The company’s Return on Equity (RoE) for FY24 is 3.54%. These financial metrics suggest that the IPO is fairly priced but reflects cautious sentiment among investors.

Given that the Grey Market Premium for Sagility India indicates a potential listing gain of 0%, it might be wise for investors to approach this IPO with caution. Therefore, the recommendation is to avoid the Sagility India Limited IPO for both listing gains and long-term investment.

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