Sagility India Limited made a strong debut on the National Stock Exchange (NSE) on November 12, 2024, with shares opening at ₹31.06, marking a 3.53% premium over the IPO price of ₹30 per share. The Sagility India IPO, which ran from November 5 to November 7, was well-received by investors, with a subscription rate of 3.20x, signaling solid demand for the shares.

The company is a technology-enabled business solutions provider catering to the U.S. healthcare sector, offering services to both Payers (health insurance companies) and Providers (hospitals, physicians, and diagnostic firms). Sagility India's market capitalization at the issue price of ₹30 per share stands at a substantial ₹14,043.98 crores, reflecting the robust financial positioning of the company.

Sagility India raised ₹2,106.60 crores entirely through an Offer for Sale (OFS) of 7,021.99 lakh shares. With a price band of ₹28 to ₹30, the IPO attracted a large pool of investors. The lot size for retail investors is 500 shares, requiring a minimum investment of ₹15,000, while High-Net-Worth Individuals (HNIs) were required to invest a minimum of ₹2,10,000. Notably, anchor investors also showed strong interest, with the company raising ₹945.40 crores at the upper price band of ₹30 per share.

Despite the no Grey Market Premium (GMP) observed prior to listing, the Sagility India IPO managed to open on a positive note, showcasing the company's solid financial performance. For FY24, Sagility India reported impressive revenues of ₹47,815.04 million, up from ₹42,360.60 million in FY23, alongside a net profit of ₹2,282.66 million.

IPO Valuation and Metrics
The company's pre-issue P/E ratio stands at 56.60x, while the post-issue P/E ratio rises to 62.5x, indicating a fairly priced offering. With an RoE of 3.54% in FY24, the valuation appears attractive, but investors are advised to assess the long-term growth potential carefully.

Investors looking to check the Sagility India IPO allotment status can do so on the registrar's website starting from November 8, 2024. It is crucial for potential investors to stay informed about the IPO allotment status and the company’s market performance as it unfolds.

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