1 week Ago By Biplob Ghosal
Sagility India IPO GMP was recorded at zero on November 5 morning, as per investorgain. Sagility IPO opened for subscription on 5th November. The Sagility shares will be alloted on November 8, 2024.
Mumbai: Sagility India IPO opened for subscription on November 5, 2024 and close on 7th November. The company is engaged in the business of providing technology-enabled services in the healthcare services space. The company mobilised over Rs 945 crore from anchor investors on Monday.
The BSE website mentioned that Goldman Sachs (Singapore) Pte, LLC (EMSC), Florida Retirement System – Allspring Global Investments, Nomura Funds Ireland, Government Pension Fund Global, and Amundi Funds New Silk Road are among the top anchor investors. Others which participated include, ICICI Prudential Mutual Fund (MF), Max Life Insurance Co Ltd, HDFC MF, Motilal Oswal MF, and ICICI Prudential Life Insurance Company. Sagility IPO price, GMP Sagility IPO price band is set in the range of Rs 28-30 per equity share.
The Bengaluru-headquaretered company’s initial public offer IPO is entirely an offer for sale (OFS) of 70.22 crore shares, by promoter Sagility BV. According to investorgain, Sagility India IPO latest GMP stood at 0 (November 5 morning).
With the price band of Rs 30, Sagility shares are projected to be list at Rs 30, which indicates 0 percdent gains. Sagility IPO allotment, listing Sagility IPO allotment is expected on November 8, 2024, while the refunds process is likely to begin on the same day. The shares are likely to be credited to the demat accounts of eligible shareholders on 11th November.
The Sagility shares will list on BSE and NSE with a tentative date November 12. The company has mentioned that the proceeds from the public issue and the entire fund will go to the selling shareholders. The company in its documents stated that the IPO was launched to reap benefits of listing the equity shares on the stock exchanges.
Sagility India has also mentioned that listing the equity shares on exchanges will help it build its brand image and provide liquidity to its shareholders. Sagility India is involved in the business of providing technology-driven services to both payers – (US health insurance companies, which finance and reimburse the cost of health services), and providers (primarily hospitals, physicians, and diagnostic and medical devices companies). Sagility acquired BirchAI in March 2o24.
BirchAI is a healthcare technology firm which specialises in cloud-based generative AI technology. As per the financials, Sagility’s workforce included 35,044 employees 60.52 per cent of them women as of March 31, 2024.
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Also get top headlines and latest news from India and around the world at News9. Biplob Ghosal is Online News Editor (Business) at TV9’s digital arm - News9live.com.
Leading the english business editorial team, he writes on various issues related to stock markets, economy and companies. Having over a decade of experience in financial and political journalism, Biplob has been previously associated with Timesnownews.com, Zeenews.
He is an alumnus of Makhanlal Chaturvedi Rashtriya Patrakarita Vishwavidyalaya. Follow him at @Biplob_ghosal..
