Sagility India IPO Listing: GMP Hints At Tepid Debut On BSE, NSE On November 12; How To Check Allotment Status

Sagility India Share Price: The tech-enabled healthcare business company, Sagility India is going to list on BSE and NSE on Tuesday, November 12, 2024. To check whether you are eligible for Sagility India shares, click on websites of BSE and NSE. The latest grey market premium (GMP) is hinting at tepid market debut on stock exchanges.

Sagility India GMP Today:

As per Investor Grain, Sagility India IPO last GMP is ₹0.30, last updated Nov 11th 2024 09:58 PM. With the price band of 30.00, Sagility India IPO's estimated listing price is ₹30.3 (cap price + today's GMP).The expected percentage gain/loss per share is 1.00%.

The IPO opened from November 5th to November 7th. Its allotment status was carried out on November 8th. After the allotment of status, the initiation of refunds and credit of shares in demat accounts likely took place on November 11, followed by a listing on November 12.

Earlier, Ventura Securities highlighted that the company extends some of its services for Payers to pharmacy benefit managers (PBMs), who manage prescription drugs for Members (insured individuals) under health insurance plans. Leveraging its proprietary tools and platforms, the company operates from five global service delivery centers located in India, the Philippines, the U.S., Jamaica, and Colombia. Recognized as a Leader by Avasant in the 2023 Clinical Services Business Process Transformation RadarView report and as a Leader in Everest's 2023 Healthcare Payer Operations PEAK Matrix Assessment, the company has established a solid reputation in its sector.

The brokerage's note also added that all clients of the company are based in the U.S. As of June 30, 2024, its top five client groups (along with their affiliates) have maintained an average relationship of 17 years with the company. As of January 2024, the company served five of the top ten U.S. Payers by enrolment. In FY 2024, FY 2023, and Q1 2024, it acquired 22 new clients. During FY 2024, the company assisted its Payer clients in processing 105 million claims and managing over 75 million Member and Provider interactions.

How To Check Sagility India Allotment Status Online?

There are three ways to check the status of your application in Waaree Energies IPO Link Intime India, BSE, and NSE.

To check the application status on Link Intime, click on the link below:

https://linkintime.co.in/initial_offer/public-issues.html

To Check the Application Status On BSE, Click On The Link Below:

https://www.bseindia.com/investors/appli_check.aspx

To Check Your Application Status On NSE, Click On The Link Below:

https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jspb

Sagility India received a subscription of 3.20x overall on BSE and NSE. Bids to the tune of 1,24,00,17,000 equity shares were made, as against the IPO size of 38,70,64,594 equity shares.

The Rs 2,106.60 crore IPO was entirely offered for sale (OFS) where selling shareholders will offload up to 702,199,262 equity shares. The selling shareholder is Sagility B.V. The price band for the IPO was fixed at the lower end of Rs 28 per share and the upper end of Rs 30 per share. The face value is at Rs 10 per share.

Sagility India Ltd (Sagility) is a provider of technology-enabled business solutions and services to clients in the US healthcare industry. The company is a pure-play healthcare-focused service provider and its clients include "Payers" (US health insurance companies) and "Providers" (hospitals, physicians, diagnostic and medical devices companies).