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About Sagility India IPO
Sagility India is preparing to launch a Rs 2,106.60 crore book. This issue will be a complete offer-for-sale of 70.22 lakh shares. The company will be listed on both the BSE and NSE.
Retail investors must make a minimum investment of Rs 15,000. Small NII investors require a minimum investment of Rs 210,000 for 7,000 shares, which is 14 lots. Large NII investors need a minimum investment of Rs 1,005,000 for 33,500 shares, which is 67 lots.
The issue reserves up to 1,900,000 shares for employees at a discount of Rs 2 off the issue price.
Link Intime India Pvt Ltd is the registrar to the issue. ICICI Securities Ltd, Iifl Securities Ltd, Jefferies India Pvt Ltd and J.P. Morgan India Pvt Ltd are the book running lead managers in this IPO.
Sagility India IPO GMP Details
Sagility India IPO GMP today is Rs 0, as of 31st October, 2024 10:31 AM. The IPO has a price band of Rs 30. The estimated listing price for Sagility India is Rs 30, reflecting a potential gain of 0% per share.
Sagility India IPO Details
| Sagility India IPO Opening Date and Closing Date | 5th November to 7th November |
| Face Value | Rs 10 per share |
| Price Band | Rs 28 to Rs 30 per share |
| Lot Size | 500 Shares |
| Total Issue Size | 702,199,262 shares (aggregating up to Rs 2,106.60 Cr) |
| Offer for Sale | 702,199,262 shares (aggregating up to Rs 2,106.60 Cr) |
| Employee Discount | Rs 2 per share |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE, BSE |
| Shareholding Pre-Issue | 4,681,328,413 |
| Shareholding Post Issue | 4,681,328,413 |
| Basis of Allotment | Friday, 8th November, 2024 |
| Refund Initiation | Friday, 8th November, 2024 |
| Credit of Shares in Demat | Monday, 11th November, 2024 |
| Listing Date | Tuesday, 12th November, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 7th November, 2024 |
| Draft Red Herring Prospectus | Link |
| Red Herring Prospectus | Link |
Sagility India IPO Company Details
Sagility India Limited, previously Berkmeer India, offers healthcare solutions for US health insurers (Payers) and healthcare providers, including hospitals and diagnostics companies.
Sagility India supports core operations for both payers and providers. It offers services like claims administration, payment integrity, and clinical management for payers, along with revenue cycle management for providers to manage billing and claims.
Pharmacy Benefit Managers (PBMs) also use some services Sagility providers to payers, helping manage prescription drug coverage under health plans.
All customers are US-based. As of 31st March, 2024, the top five customer groups have worked with Sagility for an average of 17 years, and the company served five of the top ten US payers.
Sagility gained 20 new clients in FY 2024 and 2023.
As of 31st March, 2024, Sagility had 35,044 employees, with 60.52% being women. Among them, 1,687 held certifications, including medical coders, registered nurses, and professionals with degrees in dentistry, surgery, and pharmacy.
Sagility India Lot Size, Shares, And Their Value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 500 | Rs 15,000 |
| Retail (Max) | 13 | 6,500 | Rs 195,000 |
| S-HNI (Min) | 14 | 7,000 | Rs 210,000 |
| S-HNI (Max) | 66 | 33,000 | Rs 990,000 |
| B-HNI (Min) | 67 | 33,500 | Rs 1,005,000 |
Investor categories and Sagility India shares offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75.00% of the offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
Sagility India Financials:
For the period ended on 31st March, 2024 & 31st March, 2023:
| Periods Ended | 31st Mar, 2024 | 31st Mar, 2023 |
| Assets | Rs 10,664.2 Cr. | Rs 10,590.48 Cr. |
| Revenue | Rs 4,781.5 Cr. | Rs 4,236.06 Cr. |
| Profit After Tax | Rs 228.27 Cr. | Rs 143.57 Cr. |
| Net Worth | Rs 6,443.13 Cr. | Rs 6,206.67 Cr. |
| Reserves and Supplies | Rs 1,855.44 Cr. | Rs 4,013.38 Cr. |
| Total Borrowing | Rs 1,933.52 Cr. | Rs 2,347.94 Cr. |
Should You Invest in the Sagility India IPO?
Financial Performance:
Revenue: The company generated Rs 1,247.76 crore in revenue during the period ended on 30th June, 2024.
Profit After Tax (PAT): The company earned a profit of Rs 22.29 crore after deducting taxes.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 7,608.16 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 10,388.01 crore.
Reserves and Surplus: The company has accumulated reserves and surplus of Rs 2,704.28 crore.
Total Borrowing: The company has borrowed a total of Rs 943.91 crore.
Sagility India Key Performance Indicators (KPI) and their values:
The market capitalisation of Sagility India IPO is Rs 14043.99 crore. As of 30th June, KPI and their values are:
| KPI | Values |
| Return on Net Worth (RoNW) | 0.29% |
| Price to Book Value (P/BV) | 2 |
| Debt/Equity | 0.15 |
| PAT Margin (%) | 1.82 |
Objectives of Sagility India IPO
The objectives of the Offer are to:
- Gain the advantages of listing Equity Shares on the Stock Exchanges.
- Carry out an Offer for Sale of up to 702,199,262 Equity Shares, each with a face value of Rs 10, by the Promoter Selling Shareholder.
Some major risks associated with the Sagility India IPO are:
- Intense competition could impact Sagility’s business and profits.
- Focused solely on the U.S. healthcare sector exposes Sagility to industry risks.
- Equity shares are issued at Rs 28.30 below the potential offer price.
- High reliance on goodwill accounts for 54.67% of total assets in 2024.
- A downgrade in Sagility’s credit rating may affect access to future capital.
- An attrition rate of 27.34% increases recruitment and retention costs.
Frequently Asked Questions (FAQs)
What is the price band of Sagility India’s IPO?
Price band has been fixed at Rs 28 and Rs 30 per share.
What is the retail investor quota of Sagility India’s IPO?
A maximum of 10% shares shall go to the retail investors.
Where can I track Sagility India’s stock performance?
You can track it on Unicorn Signals after listing.
How can I apply for Sagility India’s Initial Public Offer?
Through your demat account or through your bank/financial institution during the IPO period.
When is the Last Date of IPO subscription for Sagility India?
The cut-off time is on 7th November, 2024, by 5 PM; however, most brokers do not take any more applications after 1-3 PM.
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