The listing ceremony of Sagility India Limited took place on the National Stock Exchange.
Shares of Segility India Limited were listed at ₹31.06 today i.e. on November 12, 3.53% above the issue price on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The issue price of this initial public offering was ₹₹30.
This IPO was open for bidding from November 5 to November 7. The IPO was subscribed a total of 3.20 times in three trading days. It was subscribed 4.16 times in the retail category, 3.52 times in the Qualified Institutional Buyers (QIB) and 1.93 times in the Non-Institutional Investors (NII) category.
Sagility India's issue was worth ₹2,106.60 crore
This issue of Sagility India, which provides healthcare focused solutions and services, had a total of ₹ 2,106.60 crore. For this, the existing investors of the company sold 702,199,262 shares worth ₹ 2,106.60 crore through Offer for Sale i.e. OFS. The company did not issue even a single fresh share.
Retail investors could bid for maximum 6500 shares.
Segility India had fixed the price band of IPO at Rs 28 to Rs 30 per share. Retail investors could bid for a minimum of one lot i.e. 500 shares. If you had applied for one lot at the upper price band of IPO at Rs 30, you would have had to invest Rs 15,000.
At the same time, retail investors could apply for a maximum of 13 lots i.e. 6500 shares. For this, investors would have to invest ₹ 195,000 as per the upper price band.
10% of the issue was reserved for retail investors
The company had reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 10% share was reserved for retail investors and the remaining 15% share was 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.
Graphics Source: VaskarAssets
