The share allotment of Sagility India IPO is likely to be finalised later today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Firstly, here’s how you can know the status on BSE
Sagility India GMP
Sagility India IPO subscription
They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE or even on the registrar’s website.
Firstly, here’s how you can know the status on BSE
Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)Step 2: Please select the issue name, that is the company’s name in the drop down.Step 3: Enter the application number or PAN number to check the allotment status.
To check the status of Sagility India IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.
Step 1: Visit the Link Intime India website (https://linkintime.co.in/initial_offer/public-issues.html)
Step 2: Select Sagility India IPO
Step 3: Enter the PAN details and click search to know the status
Sagility India GMP
The company’s shares are expected to get listed on the exchanges on November 12. In the unlisted market, the company’s shares are trading with a GMP of Rs 0.3, which indicates a premium of just 1% over the issue price.
Sagility India IPO subscription
The IPO of Sagility India received decent response from investors with an overall subscription of 3 times at close.
The Rs 2,106 crore IPO was entirely an offer-for-sale of 70.22 crore shares by the promoter, Sagility B.V., with no fresh issue component. All proceeds, excluding expenses, will go to the selling shareholder.
Sagility India provides technology-driven solutions to U.S. healthcare payers and providers, including health insurance companies, hospitals, and medical device companies.
A total of 19 lakh shares have been reserved for Sagility employees at a Rs 2 discount on the final price. Additionally, 75% of the remaining shares are earmarked for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.
Sagility India reported a 47.5% decline in profit to Rs 22.3 crore for the quarter ending June 2024, primarily due to decreased operating margins and higher taxes. Revenue rose 9.6% to Rs 1,223.3 crore, but EBITDA fell by 26.4% to Rs 193.9 crore, with margins shrinking 777 basis points to 15.85%.
In FY24, Sagility’s net profit surged 59% to Rs 228.3 crore despite a dip in operating margin, bolstered by reduced finance costs and increased other income. Revenue grew 12.7% to Rs 4,753.6 crore, while EBITDA rose by 5.9% to Rs 1,088 crore, though margins declined by 150 basis points to 22.9%.
ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India are the lead managers for the IPO.
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