Sagility IPO: If you’re contemplating taking part in an IPO you should know that there is an opportunity that is unique for you beginning today, Tuesday 5 November.
Sagility India Limited’s IPO is now open for investments. Investors can participate in the issue up to 7 November. The company has decided to set the price range for its first public offering from Rs 28 to Rs 30.
What Is The Detail?
In an announcement, the company said that Sagility India Limited provides technology-enabled solutions for business and also services to customers in the US healthcare industry.
Sagility India Limited has determined the price range of its first public offering in the price range of Rs 28 to Rs 30. Its nominal value is 10 rupees, per equity shares.
Investors may make a bid for a minimum amount in the amount of 500 shares, and following that, with multiples of 500. The IPO is a complete offering for sale.
When Will The Listing Happen?
Book build issues have been suggested to list shares for listing BSE as well as NSE. It is anticipated that the date for this listing is 12th November 2024.
The deal includes discounts of 2 rupees to qualified employees who are enrolled in the Employee Reservation procedure. Link Intime India Private Limited is named the official registrar for the book issue.
What Is The Expert’s Opinion?
The company has added a “subscribe” tag for the book build issue, Prathamesh Masdekar, Research Analyst at Stockbox, told an insider that in December 2024, the firm was financially serving five out of 10 top payers through enrolling across the US.
The company’s operating revenue was up 9.6 percent to Rs 1,223 crore in the quarter ending 30 June 2024. This was Rs 1,116 crore in the same period on June 30th, 2023, and 12.69 percent from Rs 4,218.4 crore in FY24.
The company recorded 23.5 percent and 17.8 percent EBITDA margins for the quarter that ended FY24 and June 30, 2024. This is why they’re recommending “subscribe” for this issue.
Quick Fact
| Company name | Sagility India Limited |
|---|---|
| IPO Open Date | 5 November 2024 |
| IPO Close Date | 7 November 2024 |
| Price Range | ₹28 to ₹30 |
| Nominal Value | ₹10 per share |
| Minimum Bid | 500 shares |
| Bid Multiples | 500 shares |
| Type of Issue | Complete offering for sale |
| Expected Listing Date | 12 November 2024 |
| Employee Discount | ₹2 |
| Registrar | Link Intime India Private Limited |
| Sector Focus | US healthcare industry |
| Operating Revenue Growth | 9.6% (Quarter ending 30 June 2024) |
| Operating Revenue FY24 | ₹4,218.4 crore |
| EBITDA Margin | 23.5% (FY24) |
| Possible Target Price | Subscription recommended |
| Research Analyst | Prathamesh Masdekar (Stockbox) |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
