Sagility IPO Day 3: Check out the latest GMPs, subscription status, key dates and more. Should you buy it or not?

Sagility Gray Mark: The IPO of Sagility India Ltd will close for subscription today (Thursday, November 7). The offering has so far received strong response from retail investors and employees, while demand from non-institutional investors and qualified institutional buyers has remained low. The issue is expected to receive a fully subscribed amount on the final bidding day. Market experts have shown preference for the Sagility India IPO due to its attractive price factor.

Arun Kejriwal, founder of Kejriwal Research and Investment Services, said the company enjoys a pricing advantage. “By pricing advantage, I mean it’s set to $28-30. We haven’t had anything like this in a while. Nearly every new issue we come across is priced in at least the triple-digit range. Therefore, the price point was quite attractive and the retail segment was fully subscribed on the day of launch.

Sagility India Ltd on Monday announced that it has acquired over $945 crore from major investors. The public offering begins on Tuesday, November 5, with pricing ranging from $28-30 per share.

The Sagility IPO has reserved not less than 75% of the public offering shares for qualified institutional investors (QIBs), not more than 15% for non-institutional institutional investors (NIIs) and not more than 10 % of the issued shares are for retail investors. The employee portion has retained up to 1,900,000 shares.

Sagility India, formerly known as Berkmeer India Private Limited, provides healthcare-centric Solutions and Services.

The company assists payers and providers with basic operations. Services provided to payers span their entire scope of operations, including centralized claims management and clinical services activities.

Sagility IPO Subscription Status

The Sagility India IPO recorded a 52% subscription rate on the second day of bidding on Wednesday. The IPO attracted bids for 20,09,58,500 shares, totaling 38,70,64,594 shares, according to Bombay Stock Exchange data.

The subscription rate for retail investors (RII) was 2.24 times, and the subscription rate for non-institutional investors was 24%. The subscription rate for the Qualified Institutional Buyer (QIB) segment was 7%. The booking rate for the employee segment was 2.44 times.

On the first bidding day, the subscription rate for Sagility India IPO was 22%.

Agility IPO Review

Nirma Bang

According to the brokerage, Sagility has deep expertise and a leading position in the specialty pay healthcare space and offers a wide range of services that differentiate it from traditional IT companies. As outsourcing trends in the historically cautious healthcare industry increase, Sagility is well-positioned to ensure growth and capture a larger market share. Currently, the stock trades at an adjusted P/E ratio of 24x and EV/EBITDA of 13x based on fiscal 2024 earnings, which seems reasonable given the company’s highly specialized business, so it is recommended to “subscribe” to this stock. issuance.

MasterCard Capital Services Ltd.

The brokerage’s report emphasized that the U.S. healthcare industry is characterized by complex services, strict compliance standards, detailed performance indicators, and complex payment processes. These barriers require professional service providers with the necessary expertise to effectively handle and resolve these complex issues. Sagility India Limited is a preeminent technology-enabled healthcare specialist offering a wide range of services to the healthcare payer and provider space. The company develops strong, lasting relationships with customers in the healthcare payer and provider markets, helping to drive customer loyalty and retention. Investors wishing to work with the company should consider participating in the IPO for long-term investment opportunities.

Agile IPO Details

The Bengaluru-headquartered company’s IPO only includes an offer to sell shares of Rs 70.22 crore, valuing it at $The top end of the price range is Rs 2,106.60 crore. Promotioner Sagility BV will divest its stake through this OFS.

All funds raised from the public offering will be delivered directly to the selling shareholders.

The lead managers of the Sagility India IPO include ICICI Securities Limited, Iifl Securities Ltd, Jefferies India Private Limited and JP Morgan India Private Limited, while Link Intime India Private Ltd is acting as the registrar for the issue.

Sagility IPO GMP Today

Sagility India IPO GMP is +0.50 today. This shows the Sagility India share price is trading at a premium $According to Investorgain.com, the gray market is 0.50.

Taking into account the upper end of the IPO price band and the current premium in the gray market, the expected listing price of Sagility India shares is $30.5 yuan per share, 1.67% higher than the IPO issue price $30.

Based on the past 10 gray market activities, the current GMP ( $0.50) indicates a downward trend. The lowest recorded GMP is $0, while the maximum GMP reached is $3. Gain expert insights based on investors.

The “grey market premium” indicates that investors are willing to pay a price higher than the issue price.

Disclaimer: The above views and recommendations only represent the views and recommendations of individual analysts, experts and brokerage firms, and do not represent Mint. Investors are advised to consult a certified expert before making any investment decisions.