Sagility India Limited is a Bengaluru based company providing technical and IT support to various medical sectors such as hospitals, pharmacies, labs, physician groups and other health systems. The company is having overseas presence including in the US. Sagility India has 35,000 employees with a female composition of 60.52% within its workforce; it makes use of certified professionals, such as registered nurses and certified medical coders. Sagility India is known for its dependability, serving five out of the ten largest U.S. payers, and adding 20 new clients since 2023 and up to 2024, which is proof of its steady growth and prestige in the healthcare services market.
Objects of the issue:
To reap the benefits of listing the company on the Stock Exchanges
To carry out the Offer for Sale of up to 984,460,377 Equity Shares of the face value of Rs. 10 each by the Promoter Selling Shareholder.
ISSUE SIZE : Rs.2106 Cr. (approx..)
IPO Opening date : Novmber 5, 2024
IPO Closing on : Novmber 7, 2024
Allotment date : Novmber 8, 2024
Refund date : Novmber 11, 2024
Listing date : Novmber 12, 2024
GMP : 7% (approx)
Price band of the issue 28-30 and the lot size is 500 for retail investors. Retail quota is 10%.
The company is delivering consistent profit data for the past years.
AmbooLi.com impression on the issue: Highly risk averse investors may choose to subscribe the issue in consultation with their financial adviser.
Disclaimer: AmbooLi.com or its directors individually or collectively take no responsibility on the accuracy of the data presented above. Prospective investors are advised to go through the RHP filed by the company before applying for the IPO.
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