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Sagility India IPO price, date, allotment, GMP, Lot details
Table of Contents
Sagility India IPO-Complete Overview
Sagility India IPO a Mainboard IPO is a book-built issue of Rs.2,106.60 crore (70,21,99,262 Shares) by Sagility India Pvt ltd (formerly Berkmeer India Private Limited). Healthcare-focused solutions and services are offered by Payers (US health insurers that cover and reimburse the cost of healthcare services) and Providers (mostly hospitals, doctors, diagnostics, and medical technology companies).
Both payers and providers rely on the corporation to sustain their core business. Payers are provided with services that encompass all aspects of their operations, such as centralized claims management and clinical care. These include claims administration, clinical management, and payment integrity, among other services.
By offering revenue cycle management services, the company assists providers in managing their billing and submitting treatment cost claims to payers. Besides, the company offers Pharmacy Benefit Managers ("PBMs") to Payers, who oversee prescription medication coverage for members (referred to as insureds) under health benefit plans.
The clientele of the company’s operations are all found in the USA. As of January 2024, the company provided its services to half of the largest payers in the US which are also ten in number. Also, the company gained 20 new customers in the financial years 2024 and 2023.
This new IPO is to be launched on November 05, and the initial public offering of this upcoming IPO will end on 07 November 2024.
Sagility India IPO Details
The Rs.2,106.60 crore Sagility IPO comprises wholly an offer for sale (OFS) of 70.22 crore Shares and it will be listed at BSE and NSE.
Sagility India IPO Allotment date- 08 November 2024.
If You want to apply for the IPO, Click Here to Open a Demat Account.
Detailed video
Company Financial
The company’s revenue climbed by 13% and PAT grew by 59% between FYs ended 31 March 2024 and 31 March 2023.
(Amount in Crore)
Period |
30 Jun 2024 |
31 Mar 2024 |
31 Mar 2023 |
Total Assets |
10,388.01 |
10,664.2 |
10,590.48 |
Total Revenue |
1,247.76 |
4,781.5 |
4,236.06 |
PAT |
22.29 |
228.27 |
143.57 |
Net Worth |
7,608.16 |
6,443.13 |
6,206.67 |
Total Reserves & Surplus |
2,704.28 |
1,855.44 |
4,013.38 |
Borrowings |
943.91 |
1,933.52 |
2,347.94 |
Revenue Bifurcation
Below is the revenue breakdown for various activities.
(Amount in million)
Net Cash Flow In Various Activities |
30 Jun 2024 |
FY2024 |
FY2023 |
Net Cash Flow Operating activities |
3,697.57 |
9,732.54 |
8,567.78 |
Net Cash Flow Investing Activities |
-3,985.11 |
-4,690.58 |
-1,290.59 |
Net Cash Flow Financing activities |
627.40 |
-7,513.38 |
-5,446.17 |
Revenue Bifurcation
(Values in millions)
Particular |
FY2024 |
FY2023 |
Jul 28, 2021-Mar 31, 2022 |
Revenue from Prayers |
42,904.18 |
38,254.26 |
8,447.42 |
Revenue from Providers |
4,631.39 |
3,929.82 |
786.65 |
Geography-wise Revenue Bifurcation
(Values in millions)
Particular |
FY2024 |
FY2023 |
Jul 28, 2021-Mar 31, 2022 |
Sagility India Ltd. |
15,091.35 |
14,071.45 |
2,819.74 |
Sagility Philippines B.V. |
13,869.84 |
11,197.23 |
2,213.46 |
Sagility (Jamaica) Ltd. |
5,175.27 |
4,318.28 |
925.99 |
Sagility (Colombia) |
417.45 |
110.17 |
- |
IPO Objective
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Obtain the advantages of listing equity shares on stock exchanges.
-
Execute the promoter selling shareholder's offer to sell up to 70,21,99,262 equity shares at a face value of Rs.10 apiece.
Peers of Sagility India Ltd.
No listed companies that cater to US Healthcare enterprises of the comparable size and nature.
Evaluation
The IPO price is between Rs.28 and Rs.30 for each Share.
Evaluation of P/E Ratio
Considering the period of FY 2024, with an EPS of Rs.0.53 from the last year, the resulting P/E ratio is 56.60x.
Considering the weighted EPS of Rs.0.37 for the last three years, the P/E ratio is 81.08x.
Comparative Analysis with Listed Peers
The average P/E Ratio of the industry is N.A.
IPO's Strengths
-
Position of leadership in the sizable and robust U.S. payer and provider solutions market
-
Domain knowledge in healthcare operations, offering payers and providers end-to-end services.
-
A collection of technology-enabled, scalable services and solutions backed by proprietary platforms and tools.
-
Strong, enduring, growing client ties between healthcare providers and payers.
-
Multi-shore, adaptable, and scalable delivery approach with approved service and data protection standards.
IPO’s Weaknesses
-
Its business, financial situation, and operational outcomes could be negatively impacted if the company is unable to effectively compete in the very competitive healthcare services sector.
-
Business is only concerned with the healthcare sector in the United States and could be negatively impacted by events that affect that sector, such as a slowdown in the sector's growth, a decrease in outsourcing, and other trends.
-
The company may incur substantial expenses if it is unable to provide services in compliance with the terms of the contract.
-
Terminating its client agreements could harm its operations, reputation, and business.
Sagility India GMP
Its IPO GMP today is Rs.0 and Sagility India's IPO expected listing price is Rs.30 as of 02 November 2024.
Sagility India IPO Timetable (Tentative)
The IPO date is from 05 November to 07 November, with IPO allotment on 08 November, refund initiation on 08 November, and listing on 12 November 2024.
Events |
Date |
IPO Opening Date |
05 November 2024 |
IPO Closing Date |
07 November 2024 |
IPO Allotment Date |
08 November 2024 |
Refund Initiation |
08 November 2024 |
IPO Listing Date |
12 November 2024 |
IPO Details
The IPO with a face value of Rs.10/Share, Sagility India IPO size of 702,199,262 Shares will be listed at BSE and NSE.
IPO Opening & Closing date |
05 November & 07 November |
Face Value |
Rs.10 per Share |
Issue Price |
Rs.28 to Rs.30 |
Lot Size |
500 Shares |
Issue Size |
70,21,99,262 Shares (Rs.2,106.60 Cr) |
Offer for Sale |
70,21,99,262 Shares (Rs.2,106.60 Cr) |
Fresh Issue |
N.A |
Listing At |
BSE, NSE |
Issue Type |
Book Built Issue IPO |
Registrar |
Link Intime India Private Ltd. |
IPO Sagility India Lot Size
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (500 Shares) amounting to Rs.15000 and 13 Lots (6500 Shares) amounting to Rs.1,95,000 respectively, while for HNI investors, the minimum Lot is 14 (7000 Shares) amounting to Rs.2,10,000.
Minimum Lot Investment (Retail) |
1 Lot |
Maximum Lot Investment (Retail) |
13 Lots |
S-HNI (Minimum) |
14 Lots |
S-HNI (Maximum) |
66 Lots |
B-HNI (Minimum) |
67 Lots |
Sagility India IPO Reservation
Institutional Share Portion |
75% |
Retail Investors Share Portion |
10% |
Non-Institutional Shares Portion |
15% |
Promoters and Management of Sagility India Ltd.
-
Sagility B.V.
-
Sagility Holdings B.V.
Pre-Issue Promoter Shareholding |
100% |
Post-Issue Promoter Shareholding |
- |
Sagility India IPO Lead Managers
-
ICICI Securities Ltd
-
IIFL Securities Ltd.
-
Jefferies India Private Limited.
-
J.P. Morgan India Private Limited.
Dividend Policy
No dividends are paid by the company.
Conclusion
Sagility India’s public offering presents an opportunity to investors in a developed healthcare service provider primarily operating in the U.S. market. Sagility, owing to strong relations with the clients, and its payers and providers solutions, intends to gain from this IPO by seeking listing on major exchanges. Revenue and profit enhancement have been experienced by the business, however, potential investors should be wary of the risks associated with its US-centered operations.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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Company Financial
Frequently Asked Questions
12 November 2024
Rs.28 to Rs.30.
To invest in IPO in India you have to either apply online or offline. You must start the application procedure by sending a form to your IPO banker or broker IPO offline. To apply online you have to open a demat account or via ASBA.