Shares of Sagility India had a subdued debut on the stock exchanges on Tuesday following the completion of its initial public offering (IPO). The company’s shares opened at Rs 31.06 on the BSE, marking a 3.53% premium over the IPO allotment price of Rs 30.
Sagility India shares list at 3% premium
Similarly, on the National Stock Exchange (NSE), Sagility India shares listed at Rs 31.06, reflecting the same 3.53% premium.
The listing price closely mirrored grey market trends, with the company’s shares trading at a premium of approximately Rs 0.30 over the upper end of the IPO price of Rs 30, indicating a grey market premium (GMP) of 1% prior to the listing, as per sources monitoring grey market activity.
Sagility India's listing performance is considered positive
Despite receiving a moderate subscription of 3.2 times, Sagility India's listing performance is considered positive by Shivani Nyati, Head of Wealth at Swastika Investmart, given the company's focused approach towards the US healthcare market, which is influenced by various regulatory and economic factors.
