Sagility India Limited, a leading healthcare services provider, is launching its initial public offering (IPO) on November 5, aiming to raise ₹2,107 crore through an offer-for-sale (OFS) of 70.22 crore shares.
Sagility India IPO opens on November 5
This IPO, structured as a book-building issue, has set its price band between ₹28 and ₹30 per share. Retail investors can participate with a minimum lot size of 500 shares, which requires an investment of ₹15,000. For small high-net-worth individuals (sHNIs), the minimum bid is 7,000 shares, totaling ₹2,10,000, while large high-net-worth individuals (bHNIs) are required to bid for at least 33,500 shares, amounting to ₹10,05,000. Sagility has set aside 19 lakh shares specifically for employees, offering them a discount of ₹2 per share. ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India are managing the IPO, and Link Intime India is acting as the registrar.
The subscription period for the IPO is from November 5 to November 7. Allotments are expected to be finalized by November 8, and refunds will be initiated on the same day. Shares will be credited to demat accounts by November 11, with trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) beginning on November 12.
Significant financial growth
Sagility India has shown significant financial growth in the last fiscal year. In FY24, revenue increased by 12.9% to ₹4,781.5 crore, compared to ₹4,236.1 crore the previous year, while profit after tax (PAT) rose by nearly 59%, reaching ₹228.3 crore from ₹143.6 crore in FY23. The company continued this momentum in the first quarter of FY25, posting revenue of ₹1,247.8 crore with a net profit of ₹22.3 crore.
Founded as Berkmeer India Private Limited, Sagility India specializes in healthcare services for U.S. health insurers and healthcare providers, such as hospitals, diagnostic facilities, and medical technology companies. The company’s services cover a range of areas including claims processing, payment integrity, and clinical management. Sagility’s upcoming IPO marks a significant step as it seeks to solidify its position in India’s growing healthcare outsourcing sector.
