Sagility India IPO opens for subscription on November 5, 2024 and closes on November 7, 2024. The allotment is expected to be finalized on Friday, November 8, 2024. The stock will be listed on BSE, NSE with tentative listing date fixed as Tuesday, November 12, 2024. The IPO price band is set at ₹28 to ₹30 per share. The minimum lot size for an application is 500 Shares. The minimum amount of investment required by retail investors is ₹15,000. Sagility India IPO is a book built issue of Rs 2,106.60 crores. The issue is entirely an offer for sale of 70.22 crore shares. The issue includes a reservation of up to 1,900,000 shares for employees offered at a discount of Rs 2 to the issue price.
- Issue Opens on: November 5, 2024
- Issue Closes on: November 7, 2024
- Face Value: Rs 10 each
- Price Band: ₹ 28 – ₹ 30 Per Share
- Lot Size: 500 Equity Shares
- Listing On: BSE & NSE
- Listing Date: November 12, 2024
Sagility India is a pure-play healthcare focused services provider, and its clients include Payers (U.S. health insurance companies, which finance and reimburse the cost of health services) and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies)
The Company services to Payers cater to various aspects of their operations including core benefits administration functions such as claims management, enrolment, benefits plan building, premium billing, credentialing, and provider data management and clinical functions such as utilization management, care management, and population health management.
Its services to Providers include revenue cycle management functions such as financial clearance, medical coding, billing, and accounts receivable follow-up services. It delivers the services leveraging its tools and platforms, as needed, through its capable talent pool from its five global service delivery locations in India, the Philippines, the U.S., Jamaica and Colombia.
In the Financial Year 2024, Sagility helped Payer clients process 105 million claims and manage over 75 million Member and Provider interactions. It has no listed comparable in India or abroad that cater to US Healthcare Enterprises. As of June 30, 2024, Sagility employed 35,858 people, with 60.52% being women. This was 33,575 people in June 30 2023.
Sagility India’s restated revenue from operations during the fiscal year 2024 increased 12.69% to Rs 4,753.56 crore from Rs 4,218.41 crore in the previous year, primarily due to growth in volumes from existing clients and addition of new SOWs during the Financial Year 2024. Profit after tax grew 58.99% from Rs 143.57 crore for the financial year 2023 to Rs 228.27 crore for the financial year 2024. For the three months ended June 30, 2024, revenue from operations stood at Rs 1,223.33 crore and profit after tax stood at Rs 22.29 crore.
