Sagility India Ltd IPO was listed in the stock market on Tuesday. The company’s share had a flat start in the stock market on Tuesday, 12 November.
The share of Sagility India Ltd was listed on NSE and BSE at ₹ 31.06. The price is 3.53 % more than the IPO price of 30 rupees.
However, after the flat listing, the stock saw a rise and it climbed 9.6 percent to an intraday high of Rs 32.90. The company’s market cap was Rs 14,657.24 crore.
How Much Was Subscribed?
Sagility India Limited’s IPO was subscribed 3.20 times in three days. The Bengaluru-based firm’s IPO was solely founded on an offer for sale (OFS) comprised of 70.22 crore shares.
The price band for this was fixed at Rs 28-30 per share. The company’s IPO opened for subscriptions on the 5th of November, Tuesday, and was closed on the 7th of November, Thursday.
Investors may make a bid for as little as 500 equity shares, and with multiples of that number later on. Segility India Limited had raised more than Rs 945 crore from anchor (large) investors.
What Is The Detail?
Let us tell you that Segility India will not get any income from the initial share sale. The IPO was essentially an offer to sell.
4 brokerage firms were the book-running lead managers to the Segility India IPO, while Link Intime India Private Limited was the registrar of the issue.
Segility India Limited, formerly known as Berkmir India Private Limited. According to a statement issued by the company, Segility India Limited provides technology-enabled business solutions and services to customers in the US healthcare industry.
Quick Fact
| Company name | Sagility India |
|---|---|
| Listing date | 12 November, Tuesday |
| IPO price | ₹30 |
| Listing price | ₹31.06 |
| Listing change | 3.53% higher |
| Intraday high | ₹32.90 |
| Intraday high change | 9.6% |
| Market cap | ₹14,657.24 crore |
| IPO subscription | 3.20 times |
| Subscription days | 3 days |
| Location | Bengaluru |
| IPO structure | Offer for Sale (OFS) |
| Shares offered | 70.22 crore |
| Price band | ₹28-30 per share |
| Bid lot | 500 shares (minimum) |
| Amount raised (from anchors) | ₹945 crore |
| Use of IPO funds | No income to the company |
| Lead managers | 4 brokerage firms |
| Registrar | Link Intime India Private Limited |
| Previous name | Berkmir India Private Limited |
| Services | Technology-enabled business solutions |
| Industry focus | US healthcare industry |
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