2 weeks Ago
Sagility IPO Day 1 Live Updates: Sagility India Ltd, a provider of technology-enabled services in the healthcare sector, will begin its public subscription today (Tuesday, November 5) and will wrap up on Thursday, November 7. The issue, which has a price range of 28-30 per share, announced on Monday that it has raised more than 945 crore from anchor investors. The initial public offering of the Bengaluru-based firm is entirely made up of an offer for sale (OFS) of 70.
22 crore shares, coming from promoter Sagility BV, which amounts to 2,106.60 crore at the top end of the pricing range. As this is an OFS, the company will not benefit from any funds raised through the public offering, with all proceeds going to the selling shareholders.
According to the company, the purpose of this initial share sale is to take advantage of the benefits associated with having its equity shares listed on the stock exchanges. The firm offers technology-based services to both payers (health insurance companies in the US that cover and reimburse health service expenses) and providers (mainly hospitals, doctors, and companies dealing with diagnostic and medical devices). Sagility IPO Day 1 Live Updates: Here's what GMP suggests ahead of opening Sagility India IPO GMP today or Sagility India IPO grey market premium was 0, which meant shares were trading at their issue price of 30 with no premium or discount in the grey market according to investorgain.
com. 'Grey market premium' indicates investors' readiness to pay more than the issue price..
