Wed Nov 06 04:20:00 UTC 2024: ## Sagility India IPO Opens, Aims to Raise ₹2,106.60 Crore

**New Delhi, India** – Sagility India Limited, a leading healthcare solutions provider, launched its initial public offering (IPO) on November 5th, 2024. The IPO, which is entirely an offer for sale (OFS), aims to raise ₹2,106.60 crore by selling existing shares. The IPO price band has been fixed at ₹28 to ₹30 per share, and the bidding period will last until November 7th.

The IPO has seen moderate interest so far, with the issue being booked 0.27 times by 10:18 AM on the second day of bidding. Retail investors have shown more interest, with the retail portion of the IPO subscribed 1.33 times.

**Grey Market Premium:**

Despite the lukewarm response to the IPO so far, Sagility India shares are trading at a premium of ₹3 in the grey market. This indicates some investor optimism about the company’s future prospects.

**Analysts Recommend Subscription:**

Multiple analysts have assigned a ‘subscribe’ tag to the Sagility India IPO. Prathamesh Masdekar, Research Analyst at StoxBox, believes the IPO is fairly valued at a P/E of 56.6x based on FY24 earnings.

Master Capital also recommends subscribing to the IPO, citing the growing U.S. healthcare market and Sagility’s strong position as a tech-enabled healthcare specialist. The company’s deep and expanding client relationships contribute to high client stickiness and retention, making it an attractive long-term investment.

**Important Dates:**

* **Bidding Period:** November 5th to 7th, 2024
* **Allotment Date:** November 8th, 2024
* **Listing Date:** November 12th, 2024

**Lead Managers and Registrar:**

The IPO is being managed by ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India. Link Intime India Private Limited has been appointed the registrar for the IPO.

**Disclaimer:** This article provides information on the Sagility India IPO and does not constitute investment advice. Investors are advised to consult with certified experts before making any investment decisions.

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