Sagility Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹30
Per ShareLot Size
500 Shares
Minimum Investment
₹15,000
Issue Size
₹2,106.6 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Sagility Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
85%
Issue Type
Book Building
ISIN
INE0W2G01015
About the Company
Sagility India Limited provides technology-enabled business solutions and services to clients in the U.S. healthcare industry. The Company is a pure-play healthcare focused services provider, and its clients include Payers (U.S. health insurance companies, which finance and reimburse the cost of health services) and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies). its services to Payers cater to various aspects of their operations including (i) core benefits administration functions such as claims management, enrolment, benefits plan building, and premium billing, and (ii) clinical functions such as utilization management, care management, and population health management. Its services to Providers include revenue cycle management functions.
Industry Overview
Healthcare expenditure in the U.S. has grown at a CAGR of 5.0% from 2014 to 2023 and amounted to US$4.7 trillion (Rs.389.6 trillion) in 2023, and further is anticipated to grow at a CAGR of 5.5%, reaching US$6.1 trillion (Rs.509.8 trillion) by 2028. The US healthcare market comprises of two primary entities with respect to care financing and care delivery - healthcare payers and healthcare providers. Healthcare payers are entities that pay for or reimburse healthcare services for insured members through health insurance plans. Healthcare providers are individuals or healthcare facilities that are licensed to deliver care services or aid in care delivery such as doctors, clinics, hospitals, labs, and durable medical equipment providers. Healthcare operations spend by such Payers and Providers in the US was valued at approximately US$201.1 billion (Rs.16.8 trillion) in 2023. This spend is expected to reach approximately US$258.9 billion (Rs.21.6 trillion) in 2028, driven by the rise in the aging population, increasing prevalence of chronic diseases, and various governmental initiatives aimed at enhancing healthcare services, among other factors.
Company History
Sagility India Limited was originally incorporated as `Berkmeer India Private Limited' as a private limited company under the Companies Act, 2013 pursuant to a certificate of incorporation dated July 28, 2021, issued by the Registrar of Companies, Karnataka at Bengaluru. Subsequently, pursuant to a resolution passed by its Shareholders at the EGM held on August 25, 2022 the name of the Company was changed to `Sagility India Private Limited' and a fresh certificate of incorporation was issued by the Registrar of Companies, Karnataka at Bengaluru on September 13, 2022. Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by its Shareholders at the EGM held on May 21, 2024 and the name of the Company was changed to `Sagility India Limited', and a fresh certificate of incorporation was issued to the Company by the RoC, on June 20, 2024.
Products & Services
- The Company is a pure-play healthcare focused services provider.
Growth Strategy
- Strengthen its relationships with existing clients, expand its offerings and increase its share of their wallets.
- Establish new client relationships across categories.
- Enhance its portfolio of technology tools and platforms.
- Pursue strategic acquisitions and collaborations.
Customer Base
Clients in the U.S. healthcare industry.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 702,199,262 equity shares of face value of Rs. 10 each ("Equity Shares") of Sagility India Limited (The "Company" or the "Issuer") for cash at a price of Rs. 30^ per equity share including a share premium of Rs. 20 per equity share (the "Offer Price") aggregating to Rs. 2106.40* crores (the "Offer"). The offer comprises of an offer for sale of 702,199,262 equity shares of face value of Rs. 10 each (the "Offered Shares") aggregating to Rs. 2106.40* crores (the "Offer for Sale" or the "Offer"), by sagility B.V. the offer will constitute 15.00 % of the post-offer paid-up equity share capital of the company. The offer includes a reservation of 1,900,000 equity shares of face value of Rs. 10 each, aggregating to Rs. 5.32 crores (constituting 0.27% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as "Net Offer". The offer and net offer shall constitute 15.00% and 14.96%, of the post-offer paid-up equity share capital of the company, respectively. ^Subject to finalisation of basis of allotment *A discount of Rs. 2 per equity share was offered to eligible employees bidding in the employees reservation portion.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Leadership position in the large and resilient U.S. Payer and Provider solutions market.
- Domain expertise in healthcare operations, with end-to-end service offerings to Payers and Providers.
- Suite of scalable, technology-enabled services and solutions, supported by proprietary tools and platforms.
- Deep, long-term, expanding client relationships across healthcare Payers and Providers.
- Multi-shore, scalable and flexible delivery model with certified data protection and service standards.
- The healthcare services industry is highly competitive and if the company is unable to compete effectively, it may adversely affect its business, financial condition and results of operations.
- The company's business is solely focused on the U.S. healthcare industry and may be adversely affected by factors affecting the U.S. healthcare industry, including a decline in the growth of the U.S. healthcare industry, reduction in outsourcing and other trends.
- The company has, in the 12 months preceding the date of this Red Herring Prospectus, issued Equity Shares at a price which may be significantly lower than the Offer Price.
- Goodwill and other intangible assets are its largest assets. Any impairment to the company goodwill or other intangible assets may adversely affect its reputation and financial condition.
- One of its Independent Directors has received summons in relation to an ongoing investigation by SEBI of Linde India Limited and the matter is currently pending.