Sagility India IPO Subscription – Live Status

Sagility India IPO GMP

Sagility India IPO Analysis

Sagility India IPO Allotment Status

Sagility India IPO subscription starts on 5 November 2024 and will close on 7 November 2024. Sagility India plans to raise around INR 2,106.6 crores via the IPO. The price band is fixed at INR 28 – 30 per share with an Employee Discount of INR 2 per share. Sagility India IPO market lot has 500 shares and the minimum application amount is INR 15,000. The retail quota is 10%, QIB is 75% and NII is 15%.

Check Sagility India IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Sagility India IPO subscription status segregated by days and investor categories.

Sagility India IPO Subscription Status – Live Updates

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

Sagility India – Business Background

Sagility India operates as a technology-driven, healthcare-focused solutions and services provider, catering specifically to Payers—U.S. health insurance companies that finance and reimburse health services—and Providers, which include hospitals, physicians, and companies involved in diagnostic and medical devices.

The company plays a crucial role in enhancing the core operations of both Payer and Provider clients. For Payers, Sagility offers comprehensive services that cover essential functions such as benefits administration and clinical services. In its support for Providers, the company specializes in revenue cycle management, assisting them in optimizing their billing processes and effectively claiming treatment costs from Payers.

Additionally, Sagility extends some of its services to pharmacy benefit managers (PBMs) that oversee prescription drug management for insured individuals under health plans. The company leverages advanced tools and platforms, supported by a skilled workforce distributed across five global service delivery locations: India, the Philippines, the U.S., Jamaica, and Colombia. As of 31 March 2024, Sagility India employed 35,044 individuals dedicated to servicing members throughout the United States.

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Investor Categories in Sagility India IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of Sagility India IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event that the IPO-bound company does not fulfil this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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Sagility India IPO Subscription Status FAQs