Sagility India Limited is set to launch its Initial Public Offering (IPO) on November 5, 2024, marking a significant step in the healthcare solutions sector. This article provides a detailed breakdown of the IPO, including key dates, financial highlights, and reasons why investors are keenly eyeing this opportunity.
Sagility India IPO Key Details and Timeline
Sagility India’s IPO will be open for subscription from November 5 to November 7, 2024. The company has set a price band of ₹28 to ₹30 per share, with retail investors required to make a minimum investment of ₹15,000. The IPO share allotment is scheduled for November 8, 2024, with the shares expected to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 12, 2024.
Important IPO Dates for Investors:
- IPO Open Date: November 5, 2024
- IPO Close Date: November 7, 2024
- Allotment Date: November 8, 2024
- Credit to Demat Account: November 11, 2024
- Listing Date: November 12, 2024
IPO Structure and Investment Requirements
Sagility India’s IPO consists of 702,199,262 equity shares, each with a face value of ₹10, aiming to raise approximately ₹2,106.60 crore. Retail investors must purchase a minimum lot of 500 shares, while high-net-worth individuals (HNIs) have a minimum requirement of 7,000 shares across 14 lots, amounting to ₹210,000. Additionally, 1,900,000 shares are reserved for employees at a discounted price of ₹2 per share.
Financial Performance and Growth Outlook
Sagility India Limited has demonstrated impressive growth. As of the fiscal year ending March 31, 2024, the company reported a 13% increase in revenue and a 59% rise in profit after tax. As of June 30, 2024, Sagility’s assets reached ₹10,388 crore, while its net worth stood at ₹7,608 crore. These figures reflect the company’s financial stability and growth potential, making it a compelling choice for investors.
Business Model and Core Operations
Originally known as Berkmeer India Private Limited, Sagility India specializes in healthcare solutions, primarily serving U.S.-based payers and providers. The company offers services such as claims administration and revenue cycle management. With over 35,000 employees, many of whom are women, Sagility has positioned itself as a leading provider of operational support in the U.S. healthcare market.
The company’s client base includes five of the ten largest U.S. healthcare payers, highlighting its strong presence and reputation within the industry. This established customer base is a key factor in the company’s appeal to potential investors.
Investment Appeal of Sagility India’s IPO
Sagility India’s robust financial performance and growth trajectory in the healthcare solutions sector have drawn substantial investor interest. By offering essential services to major healthcare payers and providers in the U.S., the company operates in a sector known for its stability and growth potential. Analysts expect Sagility’s IPO to attract both long-term and short-term investors looking to gain exposure in the healthcare sector.
Applying for Sagility India IPO
Investors can apply for Sagility India’s IPO through various online platforms, such as Zerodha and Upstox, using UPI or ASBA (Application Supported by Blocked Amount) methods.
For investors using Zerodha, the application process is straightforward:
- Log into your Zerodha account.
- Navigate to the Portfolio section and click on the IPOs option.
- Select “Sagility India IPO” and enter your bid.
- Input your UPI ID, quantity, and preferred price.
- Submit your application and approve it through your UPI app.
Market Sentiment and Expert Insights
Market analysts are optimistic about Sagility India’s IPO, citing its strong financials and established position within the U.S. healthcare solutions sector. The company’s continued growth, combined with its client base of major U.S. healthcare payers, supports a favorable outlook for the IPO.
Conclusion: Sagility India IPO as a Promising Investment
Sagility India’s upcoming IPO presents a unique opportunity for investors interested in the healthcare solutions sector. With a strong business model, a substantial U.S. client base, and robust financials, this IPO could offer both stability and growth.
