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The initial public offering (IPO) of Sagility India, which provides healthcare focused solutions and services, has opened today. Investors can bid for this issue till November 7. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 12.
The company wants to raise ₹2,106.60 crore through this issue. For this, the existing investors of Sagility India are selling 702,199,262 shares worth ₹ 2,106.60 crore through Offer for Sale i.e. OFS. The company is not issuing even a single fresh share.
If you are also planning to invest money in it, then we are telling you how much you can invest in it.
What is the minimum and maximum amount that can be invested?
Segility India has fixed the price band of this issue at Rs 28 to Rs 30 per share. Retail investors can bid for a minimum of one lot i.e. 500 shares. If you apply for 1 lot at the upper price band of IPO of Rs 30, then you will have to invest Rs 15,000 for this.
At the same time, retail investors can apply for maximum 13 lots i.e. 6500 shares. For this, investors will have to invest ₹ 195,000 as per the upper price band.
10% of the issue reserved for retail investors
The company has reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
Sagility India Limited
Profit of ₹ 228.27 crore in financial year 2023-24
| Year | assets | revenue | profit | net worth |
| 31 March 2022 | 10,096.28 | 944.39 | -4.67 | 4,026.62 |
| 31 March 2023 | 10,590.48 | 4,236.06 | 143.57 | 6,206.67 |
| 31 March 2024 | 10,664.2 | 4,781.5 | 228.27 | 6,443.13 |
| 30 June 2024 | 10,388.01 | 1,247.76 | 22.29 | 7,608.16 |
Note- Amount is in crores of rupees…Source: chittorgarh.com
Company's revenue increased by 13% on annual basis
Segility India's revenue increased by 13% year-on-year to Rs 4,781.5 crore in financial year 2023-24. A year ago it was Rs 4,236.06 crore.
Net profit increased by 59% to Rs 228.27 crore compared to a year ago. The profit in FY 2023 was Rs 143.57 crore. Revenue for the April-June 2024 quarter was recorded at Rs 1,247.76 crore and net profit was Rs 22.29 crore.
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
