Sagility India Limited’s initial public offering (IPO), which opened on November 5, 2024, is available for bidding through November 7. The company aims to raise Rs 2,106.60 crore through this IPO which only includes an offer for sale (OFS).
The healthcare solutions-providing company has set its price band between Rs 28 and Rs 30 per share. Investors can invest in the IPO by buying a minimum lot size of 500 shares.
Sagility India IPO Grey Market Premium (GMP)
Sagility India shares are trading at a premium of ₹3 in the grey market, signaling a moderate level of interest.
Sagility India IPO Subscription Status
As of 12:36 PM on Day 2, the IPO saw a subscription level of 0.36 times. Notably, the IPO has received strong interest from individual investors as the retail portion was subscribed 1.75 times, while the Non-Institutional Investor (NII) portion had a lower subscription rate at 0.13 times.
Analyst Ratings and Industry Outlook
Market analysts have responded positively to the IPO. StoxBox’s Research Analyst Prathamesh Masdekar issued a “SUBSCRIBE” recommendation, noting the fair valuation of the IPO with a price-to-earnings (P/E) ratio of 56.6x at the upper price band based on FY24 earnings.
Master Capital also backed the issue, citing the healthcare spending growth in the U.S.—projected to reach approximately $258.9 billion by 2028—as a favorable factor for Sagility India. The company’s specialized role in managing complex healthcare services, performance measures, and payment workflows positions it well within a growing US market. It also has received strong endorsements from multiple brokerage firms like BP Equities, Marwadi Shares, and Ventura Securities.
Final Dates and Listing Information
Link Intime India Private Limited is handling the IPO as the official registrar. The allotment date for Sagility India shares is expected to be November 8, 2024, with the listing tentatively set for November 12 on the BSE and NSE.
