Bengaluru-based Sagility India, formerly known as Berkmeer India, provides healthcare-focused solutions and services to payers and providers.Shares of Sagility India is scheduled to make its debut at Dalal Street on Tuesday, November 12. The healthcare solutions provider is likely to see a soft landing at the bourses considering the muted market sentiments and lower levels of subscription for the issue. Investors should trim their hopes of listing pop from the issue.
Ahead of its listing, shares of Sagility India have seen a sharp correction in the Grey market premium (GMP) on the back of a muted response from investors. Last heard, the company was commanding a premium of less than Rs 1 in the unofficial market, suggesting merely 2 per cent listing pop for the investors.
The IPO of Sagility India ran for bidding between November 5 and November 7. The Bengaluru-based player had offered its shares in the fixed price band of Rs 28-30 per share with a lot size of 500 shares. It raised a total of Rs 2,106.60 crore from its IPO, which was entirely an offer-for-sale (OFS) of up to 70.22 crore equity shares by the promoters of the company.
The issue was overall subscribed merely 3.2 times, which was rescued by qualified institutional bidders (QIBs) as their quota was booked 3.52 times. The allocation for non-institutional investors (NIIs) was booked merely 1.93 times. The portions retail investors and employees were subscribed 4.16 times and 3.75 times, respectively during the bidding process.
Sagility India, formerly known as Berkmeer India, provides healthcare-focused solutions and services to payers (US health insurers who fund and reimburse the cost of healthcare services) and providers (primarily hospitals, physicians, diagnostics and medical technology companies). It supports the core business of both payers and providers.
Brokerages are most positive on the issue, suggesting to subscribe to it for a long term. ICICI Securities, Jefferies India, IIFL Securities and JP Morgan India were the book running lead managers of the Sagility India IPO, while Link Intime India was the registrar for the issue. Shares of the company shall be listed on both BSE and NSE.
US tariffs did little to lower export prices, shifted imports to cheaper, lower-quality goods: IMF paper
India's top private banks defy West Asia shadow with strong Q1 credit growth. Here's why
Govt warns departments against delays in NPS contributions; employees must get PPF-linked interest on late credits
'Ready for...': Delhi CM says restaurants, cafes to stay open until 4am for FIFA World Cup 2026 final
HDFC Bank Q1 results: Net profit rises 5% to Rs 19,060 crore; NII up 6.7%; key takeaways
Trump Threatens Iran’s “Pickaxe Mountain”: Why This Nuclear-Linked Bunker Is Hard To Hit
India Launches SHANTI Campaign For 2028-29 UNSC Seat As EAM Jaishankar Makes Global Reform Pitch
Will BJP Project Yogi Adityanath As Its U.P. CM Face For 2027? Speculation Grows
Sneha Mordani Ground Report: Can New Rules Stop Misuse Of High-Alcohol Medicines?
Why FIIs Aren't Returning To India Yet | Punita Kumar Explains The Real Challenges
RIL Q1 results: O2C recovery drives broadly in-line quarter, says Equirus Securities
IDBI Bank Q1 results: Net profit rises 5% to Rs 2,115 crore; NIM falls 54 bps QoQ 
Adani Ports: Post 30% rally in six months, more upside likely for the Adani Group stock?HDFC Bank Q1 results: Net profit rises 5% to Rs 19,060 crore; NII up 6.7%; key takeaways
ICICI Bank Q1 results: Net profit rises 15.9% to Rs 14,805 crore; asset quality stays stable
