Sagility India Limited is coming up with an IPO offering to sell 70.22 crore shares worth INR 2,106.60 crores. The company aims to list shares, enhance brand visibility, and facilitate public trading through an OFS.
Sagility India IPO – Important Dates
| Sagility India Limited IPO Date | November 5, 2024 to November 7, 2024 |
| Sagility India Limited IPO Listing Date | November 12, 2024 |
| Sagility India Limited IPO Price | INR 28-30 per share |
| Sagility India Limited IPO Lot Size | 500 Shares |
| Sagility India Limited IPO Total Issue Size | INR 2,106.60 crores |
| Sagility India Limited IPO Basis of Allotment | November 8, 2024 |
| Sagility India Limited IPO Initiation of Refunds | November 8, 2024 |
| Sagility India Limited IPO Credit of Shares to Demat | November 11, 2024 |
| Sagility India Limited IPO Issue Type | Book Built Issue IPO |
| Sagility India Limited IPO Listing At | BSE NSE |
Read more about Sagility India Limited IPO GMP
Sagility India Limited IPO – Company Profile
Sagility India Limited provides technology-enabled solutions for U.S. healthcare Payers and Providers, offering claims management, care, and utilization management, and revenue cycle services, supported by a skilled global workforce across five international service locations.
The company, recognized by Avasant and Everest, provides healthcare services for the U.S. Payers and Providers, processing 105 million claims, managing 75 million interactions, and adding 22 clients in FY 2024, with 17-year relationships with key clients.
The company provides comprehensive payer and provider services in U.S. healthcare, including claims management, payment integrity, clinical care, and revenue cycle management, utilizing automation and proprietary technologies to drive efficient operations and client engagement.
Sagility India Ltd IPO Fundamental Analysis
Sagility India Limited’s financial analysis reveals a mixed performance. Revenue has seen substantial growth, supported by increased equity, improved profitability, rising EPS, enhanced RoNW, and a strengthened financial position indicating business expansion.
- Revenue Trend: The revenue increased from ₹9,234.07 millions in March 2022 to ₹42,184.08 millions in March 2023. The revenue for the current year’s 3-month period ending June 2024 is INR 12,233.28 millions.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has increased from ₹46.71 million in March 2022 to ₹222.94 million by June 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹0.05 in March 2022 to ₹0.05 by June 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 0.12% to 0.29%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Sagility India IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 June 2024 |
| Revenue (₹ in millions) | 9,234.07 | 42,184.08 | 12,233.28 |
| Equity (₹ in millions) | 40,266.16 | 62,066.70 | 76,081.57 |
| Expenses (₹ in millions) | 7,338.22 | 31,911.96 | 10,293.81 |
| Profit and Loss After Tax (₹ in millions) | (46.71) | 1,435.72 | 222.94 |
| Diluted EPS only (₹) | (0.05) | 0.33 | 0.05 |
| Return on Net Worth (%) | (0.12) | 2.31 | 0.29 |
| NAV per Equity Share (₹) | – | – | 16.25 |
| Total Assets (in millions) | 1,00,962.80 | 1,05,904.76 | 103,880.07 |
| Total Liabilities (in millions) | 60,696.64 | 43,838.06 | 27,798.50 |
Sagility India Limited IPO Peer Comparison
Given Sagility’s healthcare-only focus across the payer and provider markets, no listed service providers in India or abroad cater to U.S. healthcare enterprises, and its immediate comparables are in size and business model.
Sagility India Ltd IPO Objective
The main objective of Sagility India Limited is to list shares, enhance brand visibility, and facilitate public trading through an OFS.
Sagility India IPO Risks And Challenges
Sagility India Limited’s risks include intense competition, potential client and pricing pressures, regulatory changes, economic shifts, evolving outsourcing demands, and investor losses due to recent share issues below Offer Price amidst acquisition-related valuations.
- The highly competitive healthcare services market poses risks to Sagility’s growth, client retention, pricing, and financial stability. Competitors’ exclusive contracts, consolidation, and reduced differentiation could adversely affect business performance.
- U.S. healthcare sector trends, growth, and outsourcing demand drive Sagility’s revenue. Regulatory changes, economic conditions, or evolving outsourcing needs could impact client demand, pricing, and overall revenue, posing potential business risks.
- The company recently issued equity shares at a valuation below the Offer Price, raising potential losses for investors if post-listing prices decline. Acquisitions involved share allotments based on discounted valuations.
Sagility India Ltd IPO – Industry & Market Potential
Healthcare payer operations spend, contributing 68.7% in 2023, is projected to grow at a 4.8% CAGR to reach $174.8 billion by 2028. Provider operations spending is expected to grow at a 6.0% CAGR, reaching $84.1 billion by 2028.
With 2023 penetration rates of 21.5-23.5%, the U.S. healthcare outsourced operations market is projected to grow at an 8.7% CAGR, reaching $45 billion. Provider outsourcing leads with a 12.5% CAGR, and payer outsourcing at 7.0%.
Agility, a leading tech-enabled healthcare specialist with 12.7% growth in FY24, is recognized as a “Leader” by Everest Group, holding a 1.23% market share in 2023, unmatched by similar pureplay U.S.-focused healthcare providers.
Sagility India Limited IPO – Type of Offer
Sagility India Limited is coming up with an offer to sell 70.22 crore existing shares. Along with the other shareholders, the below are the details of the promoters selling their existing shares:
| Name of the promoter selling shareholder | Maximum number of offered for sale |
| Sagility B.V. | 702,199,262 |
Sagility India IPO Offer Size
The offer size of Sagility India Limited is INR 2,106.60 crores, consisting of an offer to sell 70.22 crore shares worth INR 2,106.60 crores. The company aims to list shares, enhance brand visibility, and facilitate public trading through an OFS.
Sagility India Limited IPO Allotment Structure
Sagility India Limited’s allocation will be as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 10% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
Read more about Sagility India Limited IPO Allotment Status
How to apply for the Sagility India IPO?
To apply for the Sagility India Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Sagility India Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Sagility India Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more about Sagility India IPO Day 1 Subscription Status
How do you check Sagility India IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Sagility India Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Sagility India Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Sagility India Limited IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Sagility India Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more about Sagility India IPO Day 2 Subscription Status
Sagility India Ltd IPO Offer Registrar
The registrar for the Sagility India Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
LINK INTIME INDIA PRIVATE LIMITED
C- 101, 1st Floor, 247 Park, L.B.S Marg,
Vikhroli (West), Mumbai – 400083,
Maharashtra, India
Telephone: +91 810 811 4949,
Email: [email protected]
Website: www.linkintime.co.in
Read more about Sagility India IPO Day 3 Subscription Status
Sagility India IPO – FAQs
The allotment date of the Sagility India Limited IPO is November 8, 2024.
The price band of the issue is INR 28-30 per share.
The offer size of Sagility India Limited is INR 2,106.60 crores, consisting of an offer to sell 70.22 crore shares worth INR 2,106.60 crores. The company aims to list shares, enhance brand visibility, and facilitate public trading through an OFS.
The listing date of Sagility India Limited is November 12, 2024.
Sagility India Limited is getting listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The open and close dates of Sagility India Limited are November 5, 2024 and November 7, 2024 respectively.
To apply for the Sagility India Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Sagility India Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Sagility India Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
The Book Runners for Sagility India Limited are ICICI SECURITIES LIMITED, IIFL SECURITIES LIMITED, JEFFERIES INDIA PRIVATE LIMITED and J.P. MORGAN INDIA PRIVATE LIMITED.
