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Sagility India Limited IPO: All You Need to Know
Sagility India Limited, previously known as Berkmeer India Private Limited, is all set to make its debut on the stock market with an upcoming IPO. Known for providing healthcare solutions to U.S. health insurers (Payers) and healthcare providers, Sagility India’s IPO is creating a buzz among investors. In this article, we’ll break down everything you need to know about the Sagility IPO, from the IPO dates and price band to investment requirements and financial performance.
Let’s dive in!Sagility India Limited IPO: Key Details
Here’s a quick overview of the Sagility India IPO:
- Issue Size: ₹2,106.60 crore (entirely an offer for sale of 70.22 crore shares)
- Issue Type: Book built issue, meaning the price is determined based on demand
- Offer for Sale: 70.22 crore shares (no fresh issue)
Sagility IPO Dates and Listing Information
Here are the important dates for investors to keep in mind:
- Sagility IPO Open Date: November 5, 2024
- Sagility IPO Close Date: November 7, 2024
- Allotment Date: November 8, 2024
- Sagility IPO Listing Date: November 12, 2024 (on BSE and NSE)
Sagility IPO Price Band and Investment Requirements
The price band and lot sizes for the Sagility IPO have been set as follows:
- Price Band: ₹28 to ₹30 per share
- Minimum Lot Size: 500 shares
- Minimum Investment for Retail Investors: ₹15,000 (500 shares x ₹30 per share)
- sNII (Small Non-Institutional Investors): 14 lots (7,000 shares), totaling ₹210,000
- bNII (Big Non-Institutional Investors): 67 lots (33,500 shares), totaling ₹1,005,000
Sagility IPO Reservation Categories
The Sagility India IPO allocates shares to different types of investors in the following manner:
- Qualified Institutional Buyers (QIB): Not less than 75% of the net issue
- Retail Investors: Not more than 10% of the net issue
- Non-Institutional Investors (NII or HNI): Not more than 15% of the net issue
Sagility IPO Objectives
The Sagility India IPO serves two main purposes:
- Listing Benefits: By listing on the stock exchanges, Sagility India will gain increased visibility, credibility, and access to capital markets.
- Offer for Sale by Promoters: The IPO allows promoter shareholders to sell their shares in the company, making it an entirely secondary sale.
Sagility India Financial Performance
Sagility India’s financial growth has been notable, with a 13% increase in revenue and a 59% rise in profit after tax (PAT) over the last year. Here’s a quick look at the company’s recent financials:
| Period Ended | Revenue (₹ Crore) | Profit After Tax (₹ Crore) | Total Borrowing (₹ Crore) |
|---|---|---|---|
| 30 June 2024 | 1,247.76 | 22.29 | 943.91 |
| 31 March 2024 | 4,781.5 | 228.27 | 1,933.52 |
| 31 March 2023 | 4,236.06 | 143.57 | 2,347.94 |
| 31 March 2022 | 944.39 | -4.67 | 4,239.23 |
Why Consider Investing in the Sagility India IPO?
Here are a few reasons why the Sagility India IPO could be an appealing investment opportunity:
- Healthcare Sector Focus: Sagility operates in the healthcare sector, a high-growth area given the increasing demand for quality healthcare services.
- Improved Financial Performance: With consistent revenue growth and profitability, Sagility India shows strong financial resilience.
- Listing Benefits: By going public, Sagility India will increase its market presence, potentially boosting investor confidence and liquidity for shareholders.
FAQs about Sagility India Limited IPO
1. When will the Sagility IPO open for subscription?
The Sagility IPO will open on November 5, 2024, and close on November 7, 2024.
2. What is the Sagility IPO price band?
The price band for the Sagility IPO is set at ₹28 to ₹30 per share.
3. What is the minimum investment required for retail investors?
Retail investors need a minimum of ₹15,000 to buy one lot of 500 shares.
4. When is the Sagility IPO listing date?
The shares are expected to be listed on November 12, 2024, on both BSE and NSE.
5. What are the objectives of the Sagility India IPO?
The primary objectives are to gain the benefits of listing on stock exchanges and to carry out an offer for sale by the promoter shareholders.
6. How has Sagility India performed financially?
Sagility India’s revenue grew by 13% and profit after tax by 59% in the last year, indicating robust financial growth.
7. Is the Sagility India IPO a good investment?
Sagility’s focus on the healthcare sector, combined with its improving financial performance, makes it an interesting option. However, investors should assess their risk tolerance and investment goals.
Final Thoughts
The Sagility India Limited IPO offers a chance to invest in a growing company within the healthcare sector. With a steady revenue increase, reduced debt, and a focus on healthcare services, Sagility India could appeal to both retail and institutional investors. As always, it’s important to research thoroughly and evaluate your financial goals before investing.
For more insights on upcoming IPOs, investing strategies, and the latest updates on Sagility IPO GMP and market trends, be sure to explore our related articles. Happy investing!