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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 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.
The issue includes a reservation of up to 1,900,000 shares for employees offered at a discount of Rs 2 to the issue price.
ICICI Securities Limited, Iifl Securities Ltd, Jefferies India Private Limited and J.P. Morgan India Private Limited are the book running lead managers of the Sagility India IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Sagility India IPO RHP for detailed information.
| IPO Date | November 5, 2024 to November 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹28 to ₹30 per share |
| Lot Size | 500 Shares |
| Total Issue Size | 702,199,262 shares (aggregating up to ₹2,106.60 Cr) |
| Offer for Sale | 702,199,262 shares of ₹10 (aggregating up to ₹2,106.60 Cr) |
| Employee Discount | Rs 2 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,681,328,413 |
| Share holding post issue | 4,681,328,413 |
| 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 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 |
| 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 |
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 |
| Lot Size Calculator | |||
Sagility B.V. and Sagility Holdings B.V. are the company's promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Sagility India Limited, formerly known as Berkmeer India Private Limited, provides healthcare-focused solutions and services to Payers (US health insurers who fund and reimburse the cost of healthcare services) and Providers (primarily hospitals, physicians, diagnostics and medical technology companies).
The company supports the core business of both payers and providers. Services to payers span their entire operational spectrum, including centralized claims administration and clinical services functions. These include claims administration, payment integrity, clinical management and other services. For providers, the company offers revenue cycle management services to assist them in managing their billing and claiming treatment costs from payers. In addition, the Company also offers some of the services it provides to Payers to Pharmacy Benefit Managers (“PBMs”) who manage prescription drug coverage for members (i.e., insureds) under health benefit plans.
The company's customers are all based in the USA. As of March 31, 2024, the Company's five largest customer groups (i.e. the customer companies together with their subsidiaries) had an average tenure of service of 17 years. In January 2024, the company served five of the ten largest payers in the US (source: Everest Report). In addition, the company acquired 20 new customers in the financial years 2024 and 2023.
As of March 31, 2024, Sagility India had 35,044 employees, of which 60.52% were women. As of March 31, 2024, 1,687 of the employees held certifications, including 374 certified medical coders, 1,280 registered nurses in the US, Philippines and India, and 33 employees with other degrees such as dentistry, surgery and pharmacy.
Sagility India Limited's revenue increased by 13% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Sagility India IPO is Rs 14043.99 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.15 |
| RoNW | 0.29 |
| P/BV | 2 |
| PAT Margin (%) | 1.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.49 | 0.49 |
| P/E (x) | 61.52 | 61.52 |
The objectives of the Offer are to:
Sagility India Limited
No. 23 & 24, AMR Tech Park,
Building 2A, First Floor, Hongasandara Village,
Off Hosur Road, Bommanahalli, Bengaluru - 560 068
Phone: +91- 80-7125 150
Email: investorservice@sagilityhealth.com
Website: http://www.sagilityhealth.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sagility.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Sagility India IPO is a main-board IPO of 702,199,262 equity shares of the face value of ₹10 aggregating up to ₹2,106.60 Crores. The issue is priced at ₹28 to ₹30 per share. The minimum order quantity is 500 Shares.
The IPO opens on November 5, 2024, and closes on November 7, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sagility India IPO using UPI as a payment gateway. Zerodha customers can apply in Sagility India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sagility India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sagility India IPO opens on November 5, 2024 and closes on November 7, 2024.
Sagility India IPO lot size is 500 Shares, and the minimum amount required is ₹15,000.
You can apply in Sagility India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sagility India IPO will be done on Friday, November 8, 2024, and the allotted shares will be credited to your demat account by Monday, November 11, 2024. Check the Sagility India IPO allotment status.
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