Sagility India IPO
Sagility India IPO — date, price band, lot size & details 2024
Sagility India listed on 12 Nov 2024 at ₹31.06, 3.5% above the ₹30 issue price.
Sagility India provides technology-enabled business solutions to US healthcare payers and providers, as a pure-play healthcare services firm. Its total income was Rs 4,781.50 crore in FY2024.
Stock price
Sagility India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 05 Nov 2024
- Close 07 Nov 2024
- Allotment 08 Nov 2024
- Refund/credit 08 Nov 2024
- Listing 12 Nov 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 5 to 7 Nov, 2024 |
|---|---|
| Price Band | ₹28 – ₹30 |
| Face Value | ₹10 |
| Lot Size | 500 Shares |
| Issue Size | ₹2106.4 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 2.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 15,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 500 shares at the ₹30 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 500 | ₹15,000 |
| Retail (max) | 13 | 6,500 | ₹1,95,000 |
| S-HNI (min) | 14 | 7,000 | ₹2,10,000 |
| S-HNI (max) | 66 | 33,000 | ₹9,90,000 |
| B-HNI (min) | 67 | 33,500 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 4,236.06 crore in FY2023 to Rs 4,781.50 crore in FY2024.
- 02Profit after tax rose from Rs 143.57 crore in FY2023 to Rs 228.27 crore in FY2024.
- 03Total borrowing fell from Rs 4,239.23 crore on 31 March 2022 to Rs 943.91 crore on 30 June 2024.
- 04It serves both US health insurers and providers, across 4 named countries of operation.
- 05Net worth was Rs 7,608.16 crore on 30 June 2024.
Risks · 5
- 01The whole Rs 2,106.4 crore issue was offer for sale, so no money went to the company.
- 02The P/E was 61.52 at the upper band of Rs 30, based on EPS of Rs 0.49.
- 03Almost all clients are in the US healthcare market, so US policy changes and the dollar rate matter for its Rs 4,781.50 crore of income.
- 04Profit was only Rs 22.29 crore in the three months to 30 June 2024, and return on net worth was 0.29% as per the source.
- 05The promoter held 97.39% before the issue and 82.39% after it, as per the prospectus.
Three years of numbers
All figures in ₹ crore, as reported in the Sagility India offer document.
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 10,388.01 | 10,664.20 | 10,590.48 | 10,096.28 |
| Total Income | 1,247.76 | 4,781.50 | 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 |
| Total Borrowing | 943.91 | 1,933.52 | 2,347.94 | 4,239.23 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Sagility India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Sagility India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹0.49 | ₹0.49 |
| P/E Ratio (x) | 61.52 | 61.52 |
| Market Cap at Offer Price (₹ Cr) | ₹1,364.69 | ₹1,364.69 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹30 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Sagility India IPO will be updated shortly.
About the company
It is a pure-play healthcare services provider. Its clients include payers, meaning US health insurance companies, and providers such as hospitals, physicians, and diagnostic and medical device companies.
It also operates in other international markets such as the Philippines, Colombia and Jamaica. Its promoters are Sagility B.V. and Sagility Holdings B.V.
The IPO was Rs 2,106.4 crore and was entirely an offer for sale by Sagility B.V., so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Sagility India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Jefferies India Private Limited
34 issues handledBest listing: Nazara Technologies (+80.7%). Weakest: Turtlemint Fintech Solutions (-10.4%).
IIFL Capital Services Limited
116 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Rategain Travel Technologies (-15.3%).
JP Morgan India Pvt. Ltd
22 issues handledBest listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Sagility India?
The current Grey Market Premium is ₹1, or 3% over the issue price.
What is the Sagility India IPO price band?
₹28 to ₹30, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 November 2024, with listing on 12 November 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
