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HomeBusinessSegility India's IPO opens tomorrow: Bids open till November 7, minimum investment Rs 15,000

Segility India's IPO opens tomorrow: Bids open till November 7, minimum investment Rs 15,000

Segility India, a provider of healthcare focused solutions and services, raised Rs. 2,106.60 crore IPO to open on November 5. Money can be deposited in this till November 7. Anchor investors will be able to bid on November 4. The allotment will take place on November 8 after the closure of the issue. The shares will be listed on BSE and NSE on November 12.

The IPO will be an offer for sale only, under which 70.22 crore shares will be put up for sale. 75% of the IPO is reserved for qualified institutional buyers, 10% for retail investors and 15% for non-institutional investors. 1.9 lakh shares are reserved for employees of the company and they will get Rs. Get it at a discount of 2.

What is the minimum and maximum amount that can be invested? Segility India has fixed the price band of this issue at Rs. 28 to Rs. 30 per share has been fixed. Retail investors can bid for a minimum of one lot i.e. 500 shares. If you apply for 1 lot at the upper IPO price band of Rs 30, you will have to invest Rs 15,000 for this.

While retail investors can apply for a maximum of 14 lots i.e. 7,000 shares. For this, investors have to invest Rs 2,10,000 as per the upper price band.

Segility IndiaFinancial status of In FY 2023-24, Segility India's revenue will grow by 13% YoY to Rs. 4,781.5 crores. A year ago it was Rs. 4,236.06 crores. Net profit during the financial year increased by 59% over a year ago to Rs. 228.27 crores. Profit in FY 2023 was Rs 143.57 crore. Revenue in April-June 2024 quarter Rs. 1,247.76 crore was recorded and the net profit was Rs. 22.29 crores.

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Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).

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