Sagility IPO GMP – Sagility India, previously known as Berkmeer India, specializes in healthcare solutions for U.S. health insurers and providers. The company supports operations like claims administration and clinical management. As of March 2024, it had over 35,000 employees, many of whom held certifications in medical fields, showcasing a skilled workforce. Let’s check the details of Sagility India IPO GMP 2024.

Description

Learn about the buzz surrounding Sagility India IPO GMP 2024 and its implications for future stock performance!

Key Facts

• Sagility India’s IPO requires a minimum investment of ₹15,000 for retail investors.
• Small non-institutional investors (NII) must invest at least ₹210,000 for 7,000 shares.
• Large NII investors need a minimum of ₹1,005,000 for 33,500 shares. Employees can apply for up to 1,900,000 shares at a ₹2 discount.

Analyzing Sagility IPO GMP 2024

Sagility IPO Details

Sagility India kicks off its IPO from November 5th to 7th, 2024. Each share has a face value of ₹10, with prices ranging from ₹28 to ₹30. The issue consists of 702,199,262 shares, totaling around ₹2,106.60 crore. This is an offer-for-sale, meaning all funds go to the seller, not the company. The shares will be listed on both BSE and NSE.

Sagility GMP (Grey Market Premium) Details

As of October 31, 2024, the Grey Market Premium (GMP) for Sagility India IPO is ₹0, suggesting no expected gain at listing. The price band of Sagility IPO is ₹30, which reflects that investors might break even when the shares begin trading. This indicates uncertainty in investor confidence regarding the IPO’s performance.

Risks Associated with the Sagility IPO

The healthcare field is buzzing with fierce rivals, which could squeeze their profits a bit. Plus, they’re quite tied to the U.S. market, so any shifts there can throw them off. And with over half of their assets being goodwill, if that takes a hit, it might sting when it comes to their valuation. The attrition rate of 27.34% may increase hiring costs.

Sagility IPO Allotment and Listing Process

The basis of allotment will be finalized on November 8, 2024. Investors can expect their shares to show up in accounts by November 11, 2024, just in time for the big public trading debut on BSE and NSE a day later.

Investor Categories and Allocation

Sagility India’s IPO is shaking things up with its share distribution—75% is headed to qualified institutional buyers, 15% to the non-institutional crowd, and a slice of 10% for retail folks. If you’re a retail investor, you can snag at least 500 shares, with a limit of ₹195,000 for 6,500 shares in total.

Promoters and Management Team

Sagility India’s main backer, Sagility B.V., is looking to trim its share by 15% after the IPO, keeping hold of 85%. The management crew is packed with pros eager to boost healthcare services. Quite the strategic move! This includes leaders with backgrounds in technology and healthcare management.

Sagility India IPO GMP 2024 Final Thoughts

Monitoring market conditions will be vital for future investment decisions. Sagility India shows potential for growth in the healthcare solutions sector. The company has expanded its client base and invested in technology upgrades. Its financial performance, with revenue and profit growth, suggests a strong market position for Sagility.