Sagility India IPO

NiftyTrader • November 3, 2024

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Sagility India IPO

Sagility Indi IPO IPO opens for subscription on November 5, 2024 and closes on November 7, 2024. The allotment for the Sagility India IPO is expected to be finalized on Friday, November 8, 2024. Sagility India IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, November 12, 2024.

Sagility India IPO price band is set at ₹28 to ₹30 per share. The minimum lot size for an application is 500 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (7,000 shares), amounting to ₹210,000, and for bNII, it is 67 lots (33,500 shares), amounting to ₹1,005,000.

Sagility India IPO is a book built issue of Rs 2,106.60 crores. The issue is entirely an offer for sale of 70.22 crore shares.

Sagility India IPO Details

IPO Date	November 5, 2024 to November 7, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹28 to ₹30 per share
Lot Size	500 Shares
Total Issue Size	702,199,262 shares (aggregating up to ₹2,106.60 Cr)
Fresh Issue	702,199,262 shares (aggregating up to ₹2,106.60 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	4,681,328,413
Shareholding post-issue	4,681,328,413
Employee Discount	Rs 2 per share

Sagility India IPO Lot Size

Investors can bid for a minimum of 500 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	500	₹15,000
Retail (Max)	13	6500	₹195,000
S-HNI (Min)	14	7,000	₹210,000
S-HNI (Max)	66	33,000	₹990,000
B-HNI (Min)	67	33,500	₹1,005,000

Sagility India IPO Objectives

The objectives of the Offer are to:

Achieve the benefits of listing the Equity Shares on the Stock Exchanges, and
Carry out the Offer for Sale of up to 702,199,262 Equity Shares of the face value of Rs. 10 each by the Promoter Selling Shareholder.

About Sagility India Limited

Sagility India Limited, previously Berkmeer India Private Limited, specializes in healthcare-focused solutions for US-based Payers (health insurers) and Providers (hospitals, physicians, diagnostics, and medical tech firms), supporting core functions for both groups. For Payers, Sagility manages a wide range of operations, from claims administration to clinical services, including payment integrity and clinical management. For Providers, it offers revenue cycle management, streamlining billing and claims processes. Some services are also extended to Pharmacy Benefit Managers (PBMs) who oversee prescription drug benefits. By March 31, 2024, Sagility’s top five customer groups, served for an average of 17 years, included five of the ten largest US payers, with 20 new clients acquired in the 2023 and 2024 fiscal years. The company employed 35,044 people (60.52% women) by March 2024, with 1,687 certified staff, including medical coders, registered nurses across the US, Philippines, and India, and professionals in dentistry, surgery, and pharmacy.

Sagility India Limited Financial Information

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	10,388.01	10,664.2	10,590.48	10,096.28
Revenue	1,247.76	4,781.5	4,236.06	944.39
Profit After Tax	22.29	228.27	143.57	-4.67
Net Worth	7,608.16	6,443.13	6,206.67	4,026.62
Reserves and Surplus	2,704.28	1,855.44	4,013.38	2,073.8
Total Borrowing	943.91	1,933.52	2,347.94	4,239.23
				Amount in ₹ Crore

Sagility India IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not less than 75.00% of the Net offer
Retail Shares Offered	Not more than 10.00% of the Net Offer
NII (HNI) Shares Offered	Not more than 15.00% of the Net Issue

Sagility India IPO Timeline

Sagility India IPO opens on November 5, 2024, and closes on November 7, 2024.

IPO Open Date	Tuesday, November 5, 2024
IPO Close Date	Thursday, November 7, 2024
Basis of Allotment	Friday, November 8, 2024
Initiation of Refunds	Friday, November 8, 2024
A credit of Shares to Demat	Monday, November 11, 2024
Listing Date	Tuesday, November 12, 2024
Cut-off time for UPI mandate confirmation	5 PM on November 7, 2024