Today is the second day of bidding for the Initial Public Offer (IPO) of Segility India Limited. As of 10:30 am today, this issue has been subscribed a total of 0.23 times. The issue was subscribed 1.14 times in the retail category and 0.08 times in the non-institutional investors (NII) category.
Tomorrow i.e. 7th November is the last day to bid for this IPO. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 12.
Sagility India, which provides healthcare focused solutions and services, wants to raise Rs 2,106.60 crore through this issue. For this, the existing investors of the company are selling 702,199,262 shares worth ₹ 2,106.60 crore through Offer for Sale i.e. OFS. The company is not issuing even a single fresh share.
If you are also planning to invest money in it, then we are telling you how much you can invest in it.
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. Retail investors can bid for a minimum of one lot i.e. 500 shares. If you apply for 1 lot at the upper price band of IPO of Rs 30, then you will have to invest Rs 15,000 for this.
At the same time, retail investors can apply for maximum 13 lots i.e. 6500 shares. For this, investors will have to invest ₹ 195,000 as per the upper price band.
10% of the issue reserved for retail investors The company has reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
Company's revenue increased by 13% on annual basis Segility India's revenue increased by 13% year-on-year to Rs 4,781.5 crore in financial year 2023-24. A year ago it was Rs 4,236.06 crore.
Net profit increased by 59% to Rs 228.27 crore compared to a year ago. The profit in FY 2023 was Rs 143.57 crore. In the April-June 2024 quarter, revenue was recorded at Rs 1,247.76 crore and net profit at Rs 22.29 crore.
What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
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