Sagility India Ltd

Sagility India Ltd IPO

IPO Price Range: ₹28 - 30

We are a technology-enabled, pure-play healthcare focused solutions and services provider to Payers (U.S. health insurance companies, which finance and reimburse the cost of health services), and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies). We serve the core business operations of both Payer and Provider clients. Our services to Payers encompass the entire spectrum of their operations, including core benefits administration functions and clinical services. To Providers, we provide revenue cycle management services which help them manage their billings and expenses and claim the cost of treatment from Payers.

Min Investment

₹15,000

IPO Size

₹2,106 Cr

IPO Status

Closed

Quantity in 1 Lot

500

Max Bid allowed

13

Listing Exchange

NSE

IPO Application Timeline of Sagility India Ltd

Open Date5 Nov 2024
Close Date7 Nov 2024
Allotment Date8 Nov 2024
Listing Date12 Nov 2024

IPO subscribed over

🚀 3.2x

This IPO has been subscribed by 4.16x in retail and 3.52x in QIB.

Subscription Rate

Total Subscription3.2x
Retail Individual Investors4.16x
Qualified Institutional Buyers3.52x
Non Institutional Investors1.93x

Key Statistics

Bid Opening DateBid Opening Date5 Nov 2024
Bid Closing DateBid Closing Date7 Nov 2024
Allotment DateAllotment Date8 Nov 2024
Issue SizeIssue Size₹2,106.6Cr
Quantity in 1 lotQuantity in 1 lot500

Strength and risks

Strength

Strength

  • Leadership position in the large and resilient U.S. Payer and Provider solutions market.

  • Domain expertise in healthcare operations, with end-to-end service offerings to Payers and Providers.

  • Suite of scalable, technology-enabled services and solutions, supported by proprietary tools and platforms.

  • Deep, long-term, expanding client relationships across healthcare Payers and Providers.

  • Multi-shore, scalable and flexible delivery model with certified data protection and service standards.

  • Experienced management and board, motivated employee base, marquee sponsor support and a sustainability focused culture.


Risk

Risk

  • The healthcare services industry is highly competitive and if the company is unable to compete effectively, it may adversely affect its business, financial condition and results of operations.

  • The companys business is solely focused on the U.S. healthcare industry and may be adversely affected by factors affecting the U.S. healthcare industry, including a decline in the growth of the U.S. healthcare industry, reduction in outsourcing and other trends.

  • The company has, in the 12 months preceding the date of this Red Herring Prospectus, issued Equity Shares at a price which may be significantly lower than the Offer Price.

  • Goodwill and other intangible assets are its largest assets. Any impairment to the company goodwill or other intangible assets may adversely affect its reputation and financial condition.

  • One of its Independent Directors has received summons in relation to an ongoing investigation by SEBI of Linde India Limited and the matter is currently pending.

  • Pursuant to an external financing facility availed by one of its Promoters, Sagility B.V., shares of Sagility B.V. held by the company other Promoter, Sagility Holdings B.V. are pledged. In case of an event of default and consequent invocation of security, there may be a change in control, which may adversely impact its business. Further, the terms of such facility also impose certain conditions on disposal of assets of Sagility B.V., including Equity Shares of the Company, which may impact the Offer.

  • Anti-outsourcing legislation could adversely affect its business, financial condition and results of operations and impair the company ability to service its customers.

  • A downgrade in its credit rating could adversely affect the company ability to raise capital in the future.

  • Any failures to protect its proprietary technologies or information or the company intellectual property rights may have an adverse effect on its business, financial condition, and results of operations.

  • Its ability to invest in foreign subsidiaries or joint ventures is constrained by applicable restrictions under Indian overseas investment laws as well as laws of the relevant international jurisdictions, which could adversely affect its business prospects and international growth strategy.

Promoters Holding

Investors Holdings %
Sagility B.V.100%
Sagility Holdings B.V.0%

About Sagility India Ltd

OrganisationSagility India Ltd
HeadquartersBengaluru
IndustryMiscellaneous

Frequently Asked Questions

  • What is the size of the Sagility India Ltd IPO?

    The size of the Sagility India Ltd IPO is ₹2,106.6Cr .

  • What is 'pre-apply' for Sagility India Ltd IPO?

    'Pre-apply' for Sagility India Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Sagility India Ltd IPO order be placed?

    Your Sagility India Ltd IPO order will be placed on 5 Nov 2024.

  • What are the open and close dates of the Sagility India Ltd IPO?

    The open and close dates of the Sagility India Ltd IPO are 5 Nov 2024 to 7 Nov 2024.

  • What is the lot size and minimum order quantity of the Sagility India Ltd IPO?

    The lot size and minimum order quantity of the Sagility India Ltd IPO are 500 and 500 respectively.

  • What would be the listing gains on the Sagility India Ltd IPO?

    The potential listing gains on the Sagility India Ltd IPO will depend on various market factors and cannot be predicted with certainty.