Sagility India shares list at 3.5% premium over IPO price

Sagility India shares made their debut on the exchanges on Tuesday, listing at Rs 31.06 on the BSE and NSE, a 3.5% premium over the issue price of Rs 30.

The IPO of Sagility India received decent response from investors with an overall subscription of 3 times at close.

The Rs 2,106 crore IPO was entirely an offer-for-sale of 70.22 crore shares by the promoter, Sagility B.V., with no fresh issue component. All proceeds, excluding expenses, will go to the selling shareholder.


Sagility India provides technology-driven solutions to US healthcare payers and providers, including health insurance companies, hospitals, and medical device companies.

Also Read: Sagility India shares surge nearly 10% post listing

A total of 19 lakh shares have been reserved for Sagility employees at a Rs 2 discount on the final price. Additionally, 75% of the remaining shares are earmarked for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.

Sagility India reported a 47.5% decline in profit to Rs 22.3 crore for the quarter ending June 2024, primarily due to decreased operating margins and higher taxes. Revenue rose 9.6% to Rs 1,223.3 crore, but EBITDA fell by 26.4% to Rs 193.9 crore, with margins shrinking 777 basis points to 15.85%.

In FY24, Sagility’s net profit surged 59% to Rs 228.3 crore despite a dip in operating margin, bolstered by reduced finance costs and increased other income. Revenue grew 12.7% to Rs 4,753.6 crore, while EBITDA rose by 5.9% to Rs 1,088 crore, though margins declined by 150 basis points to 22.9%.

ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India acted as the lead managers for the IPO.

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