Sagility India Ltd. was originally incorporated on July 28, 2021. The company is a pure-play healthcare-focused solutions and services provider to Payers (US health insurance companies, which finance and reimburse the cost of health services), and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies).
| Bidding Dates |
|---|
| 05 Nov 2024 - 07 Nov 2024 |
| Subscription |
|---|
| 3.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,000 | 1 | 13 | 500 | 702.2 M | ₹28 - ₹30 | 85 % | ₹19661.6 M - ₹21066.0 M | RHP DOC |
Sagility India Ltd. IPO SUBSCRIPTION STATUS
07 Nov '24Sagility India Ltd. IPO overall subscription rate was 3.2 times the total available shares
Sagility India Ltd. IPO retail subscription rate was 4.16 times in the retail segment
Sagility India Ltd. IPO non-institutional investor subscription rate was 1.93 times in the non-institutional investor category
Sagility India Ltd. IPO Qualified Institutional Bidder subscription rate was 3.52 times the available shares for Qualified Institutional Bidder
Sagility India Ltd. IPO Employees subscription rate was 3.75 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
07 Nov 2024 (Day 3) | 4.16x | 1.93x | 3.52x | 3.75x |
06 Nov 2024 (Day 2) | 2.24x | 0.24x | 0.07x | 2.44x |
05 Nov 2024 (Day 1) | 1.09x | 0.07x | - | 1.35x |
Sagility India Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 222.9 | 12,233.3 | 3,697.6 | 3,444.1 | 17.9% |
| Q1FY24 | 425.0 | 11,160.9 | 4,045.7 | 3,451.6 | 24.7% |
| FY24 | 2,282.7 | 47,535.6 | 9,732.6 | 7,908.4 | 23.5% |
| FY23 | 1,435.7 | 42,184.1 | 8,567.8 | 7,155.5 | 24.8% |
| FY22 | -46.7 | 9,234.1 | -318.9 | -389.5 | 22.8% |
Sagility India Ltd. IPO SUBSCRIPTION STATUS DETAILS
Sagility India Ltd. had 702.2 M shares on offer
Sagility India Ltd. IPO offer price was in the range ₹28 - ₹30
Sagility India Ltd. IPO minimum Investment was ₹14000
Sagility India Ltd. IPO issue size was ₹ 19661.6 M - ₹ 21066.0 M
Sagility India Ltd. had a minimum lot size of 500 Shares per application
Sagility India Ltd. NUMBER OF SHARES ON OFFER
Sagility India Ltd. IPO IMPORTANT DATES
| Issue Open Date | 05 Nov 2024 |
| Issue close Date | 07 Nov 2024 |
| Allotment Date | 08 Nov 2024 |
| Refund Date | 08 Nov 2024 |
| Demat Account Credit Date | 11 Nov 2024 |
| Listing Date | 12 Nov 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Sagility India Ltd. Allotment Status | Exchange |
Sagility India Ltd. IPO subscription opened on 05 Nov 2024, and closed on 07 Nov 2024
IPO allotment for Sagility India Ltd. was finalized on Friday, 08 Nov 2024
IPO listing for Sagility India Ltd. was on NSE and BSE on Tuesday, 12 Nov 2024
Sagility India Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 30.0 |
| Listing Open Price | 31.1 |
| Listing Close Price | 29.3 |
| Listing Gain% | 3.5% |
| Current Gain% | 45.5% |
Sagility India Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sagility Ltd. | 43.6 | 20429.3 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 354.4 | 15313.6 | 25.1 | 1 | 11.2 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 28.8 | 6709.1 | 16 | 0 | 6.1 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 427.4 | 6038.8 | 41.2 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 530 | 4389 | 38.1 | 1.5 | 5.9 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
| Network People Services Technologies Ltd. | 1564.9 | 3264.9 | 80 | -8.8 | 16.8 | 9.3 | 8 | 209.4 | 15.9 | 40.8 | -9.7 | 19.6 | -9.1 |
Sagility India Ltd. INFORMATION ON IPO ISSUE
About Sagility India Ltd.
Sagility India Ltd. was originally incorporated on July 28, 2021. The company is a pure-play healthcare-focused solutions and services provider to Payers (US health insurance companies, which finance and reimburse the cost of health services), and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies).
Object of the Issue
- Achieve the benefits of listing equity shares on the stock exchanges
- Carry out the offer for sale of up to 984,460,377 equity shares of face value of Rs 10 each by the promoter selling shareholder
Sagility India Ltd. Strengths
Domain expertise in healthcare operations
The pure-play nature of the company's business, together with over 24 years of business experience and the effective use of technology, has helped it build domain expertise in its operations
Deep and long-term client relationships
The company's clients also include one of the largest US-based hospital networks in terms of revenue as of January 2024, three of the top 6 PBMs by claims volume (Source: Everest Report), and other large diagnostic laboratories, hospitals, DMEs, and radiology companies
Multi-shore, scalable and flexible delivery model
The company has a multi-shore service delivery model, whereby it provides services from 30 locations in five countries (US, Colombia, Jamaica, India, and the Philippines). As of March 31, 2024, it had 35,044 employees servicing members across the US in FY24, helped Payers process 105 million claims, and handled over 75 million Member and Provider interactions
Sagility India Ltd. Risks
High competition
The healthcare services industry is highly competitive and if the company is unable to compete effectively, it may adversely affect the business, financial condition, and results of operations
Dependent on the US healthcare industry
The company's business is solely focused on the US healthcare industry and may be adversely affected by factors affecting the US healthcare industry, including a decline in the growth of the industry, reduction in outsourcing, and other trends
Concentrated client base
The company has in the past derived a significant portion of its revenue from certain large client groups (i.e., client entities together with their affiliates). While the share of its total revenues attributable to the 10 largest client groups has declined over the last three financial years
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2,106.6 crore, of 702,199,262 shares.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 28.0 - 30.0.
The IPO application opens on Nov 05, 2024 and closes on Nov 07, 2024.
The minimum lot size for the IPO is 500. The maximum lot size for the IPO is 6500.
For all category investors, the minimum application amount for this IPO is Rs. 14,000.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Nov 08, 2024.
The refund will be credited to your account on Nov 08, 2024.
The allotted shares will be credited to your demat on Nov 11, 2024.
Sagility India Ltd.’s shares listed on the stock exchanges on Nov 12, 2024.