Sagility India Limited’s initial public offering (IPO), which opened for public bidding on November 5, 2024, reached 52% subscription by the end of the second day. The Bengaluru-based healthcare service provider has set the price band at ₹28-₹30 per share, aiming to raise ₹2,106.60 crore through this IPO, structured as an offer-for-sale (OFS) by its Netherlands-based promoter, Sagility BV.
Key Subscription Details:
- Total Subscription: 52% of the IPO subscribed on Day 2.
- Qualified Institutional Buyers (QIBs): Low demand with only 7% of the reserved quota subscribed.
- Non-Institutional Investors (NIIs): Subscribed 24% of their allocated shares.
- Retail Individual Investors (RIIs): Higher interest seen with 224% subscription.
- Employee Reserved Category: Subscribed at 244%.
Sagility India’s IPO will close on November 7, 2024, and is expected to list on BSE and NSE on November 12, 2024. All proceeds will go to Sagility BV, with Sagility India receiving no funds from this public issue.
TOPICS:
Sagility India