Mon Nov 04 04:20:00 UTC 2024: ## Sagility India IPO Opens for Subscription on November 5th

**New Delhi:** Sagility India Limited, formerly known as Berkmeer India Private Limited, will be launching its Initial Public Offering (IPO) on November 5th, 2024. The IPO will be entirely an Offer for Sale (OFS), with a total size of ₹2,106.60 crore, and will close on November 7th.

The price band for the IPO has been set at ₹28 to ₹30 per share. Retail investors will need to invest a minimum of ₹15,000 for one lot, which will get them 500 shares.

Sagility India is a healthcare solutions provider focusing on providing services to both payers and providers. The company also provides services to Pharmacy Benefit Managers (PBMs) who manage prescription drug coverage for members under health benefit plans.

All of Sagility India’s clients are based in the United States. The company has a strong track record, having served five of its largest client groups for an average of 17 years as of March 31st, 2024. In January 2024, Sagility India was providing services to five out of the top ten largest payers in the US.

The company has been actively expanding its customer base, adding 20 new clients in fiscal years 2024 and 2023. As of March 31st, 2024, Sagility India had a workforce of 35,044 employees, of which 60.52% were women.

The IPO listing is scheduled for November 12th, 2024, on both BSE and NSE. Employees of Sagility India will receive a discount of ₹2 per share and will be able to invest in the employee category.

**Note:** It is advisable to seek financial advice from a qualified professional before making any investment decisions.

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