Sagility India IPO Set to Open for Bidding on November 5, Price Band Fixed at ₹28-₹30
Sagility India Limited is launching its initial public offering (IPO) for public bidding from Tuesday, November 5 to Thursday, November 7. The Bengaluru-based healthcare service provider has set the price band for its IPO between ₹28 and ₹30 per share, aiming to raise approximately ₹2,106.60 crore through an offer-for-sale (OFS) of equity shares valued at ₹10 each. Sagility’s services primarily support US health insurance firms and healthcare providers, including hospitals and diagnostic companies.
The IPO’s allotment is structured with up to 75% reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors. Up to 60% of the QIB portion may be allocated to anchor investors, with a dedicated 5% of the QIB portion available for mutual funds. The anchor round is scheduled for Monday, November 4, ahead of the public opening.
The proceeds will be directed to Sagility’s Netherlands-based parent, Sagility BV, as the IPO is a pure OFS. Listing is tentatively expected on the BSE and NSE by November 12. As of November 3, the grey market premium (GMP) stands at ₹3. ICICI Securities, IIFL Securities, Jefferies India, and J.P. Morgan India serve as book-runners, with Link Intime India as the registrar.
