sagility india ipo 2024

Sagility India IPO Date, Financials, Listing

Sagility India IPO will open on November 5, 2024, and close on November 7, 2024. Sagility India was incorporated in 2021 and is a technology-enabled business solutions and services provider to clients based in the U.S. healthcare industry. Let’s find out the Sagility India IPO dates, financials, and risk factors.

Sagility India IPO Dates 2024

The important dates related to Sagility India IPO are:

  • Bidding Opening Date: November 5, 2024
  • Bidding Closing Date: November 7, 2024
  • Allotment Date: November 8, 2024
  • Initiation of Refunds (in case of less or no allotment): November 8, 2024
  • Shares Credited to Your Demat Account: November 11, 2024
  • IPO Listing Date: November 12, 2024
  • Listing on Exchange: NSE and BSE

Sagility India IPO Details

Its total issue size is more than ₹2,100 crores including only the offer for sale (OFS) component.

Here are the key details of Sagility India Limited IPO:

  • Sagility India IPO Price Band: ₹28 to ₹30 per share
  • Face Value: ₹10 per share
  • Sagility India Lot Size: 500 Shares
  • Total Issue Size and Amount: 70,21,99,262 shares (amounting to ₹2,106.60 crores)
  • OFS Size and Amount: 70,21,99,262 shares of ₹10 each (amounting to ₹2,106.60 crores)
  • Listing On Exchange: NSE and BSE

Sagility India IPO Proceeds

Sagility India will not receive any IPO proceeds raised from the IPO. The promoters who are going to sell the shares will get the entire IPO proceeds after deducting the offer-related expenses.

Sagility India IPO Reservations

Sagility India IPO reservations to different investors are:

  • For QIBs: Not less than 75% of the net offer
  • For NIIs: Not more than 15% of the net offer
  • For Retail Investors: Not more than 10% of the net offer

WHY SMC

  • 20 Lac+ unique clients
  • 33+ Years of Serving
  • Advance Technical Analysis
  • Free Demat Account


Sagility India Lot Size

Sagility India IPO lot size is 500 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:

Applicant Type Lot Size Shares Amount (in ₹)
Retail (Min) 1 500 15,000
Retail (Max) 13 6,500 1,95,000
S-HNI (Min) 14 7,000 2,10,000
S-HNI (Max) 66 33,000 9,90,000
B-HNI (Min) 67 33,500 10,05,000

Sagility India IPO Promoter Holding

The promoters of Sagility India are:

  • Sagility B.V.
  • Sagility Holdings B.V.

Sagility B.V. is the only promoter-selling shareholder in this IPO.

Sagility India: Company Overview

Sagility India is a pure-play healthcare service-providing company and its clientele base includes US health insurance companies (payers), hospitals, physicians, and diagnostic and medical devices companies (providers). All the clients are based in the U.S.

The payer services are claims management, payment integrity, clinical management, etc. The company gives revenue cycle management services to the providers. As of June 30, 2024, the five largest client groups had an average relationship tenure of 17 years.

The company has five global service delivery centers in India, the Philippines, the U.S., Jamaica, and Colombia.

Sagility India: Financials

Sagility India’s key financials for Q1 FY25 and Q1 FY24 are as follows:

Period Ended June 30, 2024 June 30, 2023 YoY Change
Total Income 1,247.76 1,127.56 10.66%
Profit After Tax 22.29 42.50 -47.55%
Assets 10,388.01 10,665.14 -2.60%
Total Liabilities 2,779.85 4,462.15 -37.70%
Net Cash Flows from Operating Activities 369.76 404.57 -8.60%
Basic EPS (in ₹) 0.05 0.10 -50.00%

*(in ₹ crores)

  • In the Q1 FY25 (for the April-June 2024 quarter), the company’s total income grew by 10.66% but the profit after tax fell by 47.55% on a year-on-year basis.
  • The assets were down by 2.60% YoY but the total liabilities also reduced by 37.70% YoY on the Q1 FY25.
  • Net cash flow from operating activities fell by 8.60% while the shareholder’s indicator EPS registered a massive fall of 50% YoY in Q1 FY25.

WHY SMC

  • 20 Lac+ unique clients
  • 33+ Years of Serving
  • Advance Technical Analysis
  • Free Demat Account


Sagility India: Performance Metrics

Sagility India’s key metrics for different periods are as follows:

Metrics June 30, 2024 June 30, 2023 YoY Change
EBITDA Margin 17.85% 24.65% -27.59%
Adjusted PAT Margin 11.83% 12.76% -7.29%
Number of Client Groups 42 37 5
  • EBITDA and PAT margin decreased by 27.59% YoY and 7.29% YoY, respectively from Q1 FY24 to Q1 FY25.
  • The number of client groups reduced by 5 from Q1 FY24 to Q1 FY25.

Risk Factors in Sagility India Limited

The risk factors that the company is exposed to are as follows:

  1. High competition in the healthcare services industry can lead to pricing pressures which may affect the business.
  2. Fully focused on the U.S. healthcare industry and the business can be affected by the fall in the U.S. healthcare industry growth or reduction in outsourcing.
  3. Goodwill constitutes more than 50% of the total assets and any impact on the company’s goodwill may impact the reputation and financial condition.
  4. Anti-outsourcing legislation could affect the operations and the financial condition.
  5. A fall in the credit rating might affect the company’s ability to take loans in the future.
  6. Any delay in keeping up with the technological advancements could affect the business.
  7. Failure to manage employee expenses and retain or attract skilled professionals could affect the operations.

Sagility India IPO GMP and Review

Sagility India IPO GMP is nil (as on October 30, 2024). For all the insights on Sagility India IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.

Sagility India Limited IPO Contact Information

For inquiries related to the Sagility India IPO details, you can contact at the following places:

Registered Office Address: No. 23 & 24, AMR Tech Park, Building 2A, First Floor, Hongasandara Village, Off Hosur Road, Bommanahalli, Bengaluru 560 068, Karnataka, India
Email: investorservice@sagilityhealth.com
Company Website: http://www.sagilityhealth.com/

Sagility India IPO Registrar Details:

Registrar Name: Link Intime India Private Limited
Phone: +91 81081 14949
Email: sagility.ipo@linkintime.co.in

FAQs

1. Is Sagility India IPO coming?

Sagility India is all set to open on November 5, 2024.

2. Is Sagility India a listed company?

Sagility India is going to be listed on the BSE and NSE on November 12, 2024.

3. What is the size of Sagility India IPO?

The total issue size of the Sagility India IPO is ₹2,106.60 crores.

Reference
https://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=3&ssid=15&smid=11

Author: All Content is verified by SMC Global Securities.

WHY SMC

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  • 33+ Years of Serving
  • Advance Technical Analysis
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