Sagility India Ltd., a healthcare services provider, is set to list its equity shares on the BSE and NSE today, November 12. The initial public offering (IPO), which garnered a decent subscription during its bidding period from November 5 to 7, saw an overall subscription of 3.20 times, indicating investor interest. However, with a current grey market premium (GMP) of ₹0, the stock is expected to make a flat debut around its issue price of ₹30 per share.
The IPO was entirely an offer-for-sale (OFS), with the company raising ₹2,106.60 crore through the sale of 70.22 crore equity shares. Financially, Sagility India showed promising growth, with revenue increasing 9.6% to ₹1,223 crore in Q1 FY25 and a 12.69% jump in FY24 to ₹4,753 crore.
Analysts note that recent muted trends in IPO listings could impact Sagility India’s debut, although they remain positive on its growth prospects. Investors who received allotments may consider holding shares for potential medium-term gains. ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India acted as the IPO’s lead managers, with Link Intime as the registrar.
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