The Rs 2,106.60 crore IPO of Sagility India, which provides healthcare focused solutions and services, is scheduled to open on November 5. Money can be invested in this till 7th November. Anchor investors will be able to bid on November 4. The allotment will take place on November 8 after the issue closes. The listing of shares will take place on BSE and NSE on November 12.
There will be only offer for sale in the IPO, under which 70.22 crore shares will be put 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 the employees of the company and they will get them at a discount of Rs 2 from the issue price.
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.
Whereas, retail investors can apply for maximum 14 lots i.e. 7,000 shares. For this, investors will have to invest Rs 210,000 as per the upper price band.
Financial position of Sagility India 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 during the financial year increased by 59% to Rs 228.27 crore compared to a year ago. The profit in FY 2023 was Rs 143.57 crore. Revenue for the April-June 2024 quarter was recorded at Rs 1,247.76 crore and net profit was Rs 22.29 crore.
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