IPO

Sagility India Limited IPO

Mainboard

IT Enabled Services

Listed On: Nov 12, 2024 at ₹ 31.06(NSE)

₹ 15000 /500 Shares

Check Allotment

Price Summary

Last Closing

39.49 (31.63%)

52 Week High

39.59

52 Week Low

27.02

Last Update

6-Dec-2024 3:30 PM
Sagility India IPO Details

05 Nov, 2024

Open Date

07 Nov, 2024

Close Date

08 Nov, 2024

Allotment Date

12 Nov, 2024

Listing Date

Issue Price

₹28-30 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

31.06(NSE)

Listing Date

2024-11-12

Market Lot

Retail : 500 Shares (₹15,000/-)
S-HNI : 7,000 Shares (₹2,10,000/-)
B-HNI : 33,500 Shares (₹10,05,000/-)

Lead Manager

ICICI Securities Limited
Iifl Securities Ltd
Jefferies India Private Limited
J.P. Morgan India Private Limited

Issue Size

OFS : 702,199,262 shares of ₹10(aggregating up to ₹2,106.6 Cr)

Retail Portion

10% (Number of Retail Applications: 1,40,060 Approx),
(Number of S-HNI Applications : 5,002 Approx),
(Number of B-HNI Applications : 10,004 Approx)

Subscription

3.18 times

Sagility India IPO Subscription Details

As onQIBNII
bNII   sNII
RetailTotal
Shares Offered / Reserved210,089,779105,044,889
70,029,926    35,014,963
70,029,926387,064,594
Day 1 - 05-11-24 05:00 PM0.00 x0.07
0.04 x   0.14 x
1.09 x0.22 x
Day 2 - 06-11-24 05:00 PM0.07 x0.24
0.16 x   0.40 x
2.24 x0.52 x
Day 3 - 07-11-24 05:00 PM3.52 x1.90
1.69 x   2.33 x
4.05 x3.18 x
Total No. of Applications: 5,73,307 (Approx)
Retail Subscription on the basis of Applications: Retail:3.92x BHNI:0.28x SHNI:2.26x times

Sagility India Valuations

EPS Pre IPO

₹0.49/-

EPS Post IPO

₹0.49/-

P/E Pre IPO

61.52

P/E Post IPO

61.52

RoNW

%

Sagility India Company Financials All values are in ₹ Cr.

31-Mar-2431-Mar-2331-Mar-22
Assets10,664.210,590.4810,096.28
Revenue4,781.54,236.06944.39
Profit After Tax228.27143.57-4.67
Net Worth6,443.136,206.674,026.62
Reserves & Surplus1,855.444,013.382,073.8
Total Borrowing1,933.522,347.944,239.23

About The Company

Sagility India Limited, erstwhile Berkmeer India Private Limited, is the Indian healthcare services leader that caters to specific solutions in the U.S. healthcare industry. The payers, including all the health insurers that bear healthcare costs within the U.S., and Providers that include hospitals, clinics, and diagnostic centers find solace in the knowledge of Sagility India in its seamless support for the healthcare ecosystem.

Payers have been offered a centralization of claims administration, checks in integrity payment, and support in clinical management from the services. This guarantees that Sagility processes claims free of errors in payments as well as streamlines the management of healthcare. Provider reimbursement flows become easier due to the revenue cycle management solution Sagility offers by having a less complicated billing and claim process. Sagility India provides several services to its Pharmacy Benefit Managers, or PBMs, which manage prescription drug coverage under health plans, enhancing coverage efficiency and support for their patients.

Sagility India has 35,000 employees with a female composition of 60.52% within its workforce; it makes use of certified professionals, such as registered nurses and certified medical coders. Sagility India is known for its dependability, serving five out of the ten largest U.S. payers, and adding 20 new clients since 2023 and up to 2024, which is proof of its steady growth and prestige in the healthcare services market.

Long-term partners—Sagility India averages 17 years with top customer groups—puts the firm firmly in the place of a trusted partner which optimizes healthcare operations all over the United States.

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Sagility India - Strength and Weakness

Strength

Provides end-to-end, tech-enabled services to Payers and Providers.

35,858 employees across 31 locations with 60.68% women workforce.

Supports five of the top 10 U.S. healthcare Payers (2024).

Weakness

Sagility's credit rating downgrade may impact future capital access.

Attrition rate at 27.34% raises recruitment and retention costs.

Intense competition may affect Sagility's business and profitability.

Sagility India - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%


Company Promoter(s)
  1. Sagility B.V
  2. Sagility Holdings B.V

Sagility India IPO - Issue Objectives

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges
  2. Carry out the Offer for Sale of up to 984,460,377 Equity Shares of the face value of Rs. 10 each by the Promoter Selling Shareholder.

Sagility India IPO - Anchor Investors

Sagility India mobilises Rs 945 crore from anchor investors.

Global institutional investors bought shares via the anchor book are Nomura Funds, Government Pension Fund Global, Florida Retirement System, TIMF Holdings, Societe Generale, and Goldman Sachs.

Domestic fund houses and insurance companies including ICICI Prudential Mutual Fund, HDFC Mutual Fund, Mirae Asset, ICICI Prudential Life Insurance, Whiteoak Capital, PGIM India, Edelweiss Trusteeship, Motilal Oswal Mutual Fund, Baroda BNP Paribas Mutual Fund, Max Life Insurance, Aditya Birla Sun Life Insurance, Invesco India, SBI General Insurance, and Bharti Axa Life Insurance also invested in the Anchor.

Other Details

Company Contact Details

Sagility India

No. 23 & 24, AMR Tech Park, Building 2A, First Floor, Hongasandara Village, Off Hosur Road, Bommanahalli, Bengaluru - 560 068

Phone: +91- 80-7125 150

Email: investorservice@sagilityhealth.com

Website: http://www.sagilityhealth.com/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: sagility.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

Sagility India IPO - FAQs

Ans. Sagility India Limited IPO is a Mainboard IPO. The issue is priced at ₹28-30 per equity share. The minimum order quantity is 500 Shares. The IPO opens on Nov 5, 2024, and closes on Nov 7, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Sagility India Limited IPO opens on Nov 5, 2024 and closes on Nov 7, 2024.

Ans. The size of Sagility India Limited IPO is OFS : 702,199,262 shares of ₹10(aggregating up to ₹2,106.6 Cr).

Ans. The IPO price band is set between ₹28-30 per equity share.

Ans. To apply for Sagility India Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Sagility India Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Sagility India Limited IPO is Nov 8, 2024.

Ans. The Sagility India Limited IPO will be listed on Nov 12, 2024.

Ans. Follow the steps to check the allotment status for Sagility India Limited IPO here.