Sagility India Limited is set to launch its Initial Public Offering (IPO), opening for subscription on November 5, 2024, and closing on November 7, 2024.
Sagility India to launch IPO
This IPO represents a pivotal milestone for the healthcare solutions company. The share price is set within a range of ₹28 to ₹30, with a minimum investment requirement of ₹15,000 for retail investors. Share allotments are expected to be finalized by November 8, 2024, with listing scheduled on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 12, 2024.
IPO details
The Sagility India IPO, a main-board offering, includes 702,199,262 equity shares with a face value of ₹10 each, amounting to ₹2,106.60 crore in total. Retail investors can apply with a minimum lot of 500 shares, while high-net-worth individuals (HNIs) have a minimum requirement of 14 lots, or 7,000 shares, totaling ₹210,000. Additionally, up to 1,900,000 shares have been reserved for employees at a discounted price of ₹2 per share.
Financially, Sagility India Limited has demonstrated robust growth. For the fiscal year ending March 31, 2024, revenue increased by 13%, while profit after tax soared by 59% over the previous year. As of June 30, 2024, the company reported assets totaling approximately ₹10,388 crore and a net worth of ₹7,608 crore, underscoring its financial strength and growth trajectory in the healthcare sector.
