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  3. Sagility India IPO
Sagility India logo

Sagility India

Listed
Listed

IPO Timeline

Issue open date

5 Nov 2024

Issue close date

7 Nov 2024

UPI mandate deadline

7 Nov 2024

Allotment finalization

8 Nov 2024

Refund initiation

8 Nov 2024

Share credit

11 Nov 2024

Listing date

12 Nov 2024

Mandate end date

22 Nov 2024

Lock-in end date for anchor investors (50%)

8 Dec 2024

Lock-in end date for anchor investors (remaining)

6 Feb 2025

Key Dates

Open
5 Nov 2024
Close
7 Nov 2024
Listing
12 Nov 2024

Quick Stats

Issue Size:2106cr
Lot Size:500 shares

About the Company

Sagility India Limited provides technology-driven business solutions and services to the U.S. healthcare industry, focusing exclusively on healthcare clients, including Payers (health insurers) and Providers (hospitals, physicians, and medical device companies). Their services support Payers with core operations like claims management, enrollment, and clinical functions, as well as Providers with revenue cycle management tasks. They also extend prescription management services to pharmacy benefit managers. Leveraging a global talent pool from delivery centres across India, the Philippines, the U.S., Jamaica, and Colombia, they have been recognised as a leader in the industry by Avasant and Everest. Since their incorporation in 2021 and the acquisition of their predecessor’s healthcare business, they have expanded their client base, serving top U.S. health insurers, and added 22 new clients as of mid-2024.

Strengths

  • Leader in the large, resilient U.S. Payer and Provider solutions market
  • Strong domain expertise in healthcare operations, providing end-to-end service offerings for Payers and Providers
  • Comprehensive suite of scalable, technology-enabled services and solutions, featuring proprietary tools for automation, intelligent intake and content processing, speech processing, interaction analytics, generative AI, and RCM workflow tools
  • Established, long-term relationships with healthcare Payers and Providers that continue to expand
  • Flexible, multi-shore delivery model that is scalable and adheres to certified data protection and service standards
  • Consistently strong financial performance with high margins

Risks

  • The company operates in a highly competitive healthcare services industry, and an inability to compete effectively could negatively impact its business, financial condition, and operational results.
  • Its focus on the U.S. healthcare industry makes it vulnerable to industry-specific factors, such as reduced growth, shifts in outsourcing, and other trends that could adversely affect performance.
  • A significant portion of its assets consists of goodwill and other intangibles; any impairment to these assets may harm its reputation and financial standing.
  • Anti-outsourcing legislation could hinder its ability to serve customers effectively and adversely impact its business, financial condition, and operational outcomes.
  • A potential downgrade in the company’s credit rating may restrict its ability to secure future capital.

Sagility India IPO – Frequently Asked Questions

  • The price band for the Sagility India IPO is set at ₹28 to ₹30 per share.
  • The Sagility India IPO opens on November 5, 2024 and closes on November 7, 2024.
  • The tentative listing date for the Sagility India IPO is November 12, 2024.
  • You can apply for the Sagility India IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Sagility India, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Sagility India IPO is 500 shares. Investors must apply for at least one lot (i.e., 500 shares).