Sagility India IPO Opens Tomorrow: Offer Size, Price Band, Listing Date
NDTV
The Sagility India IPO is a book-building issue worth Rs 2,106.6 crore. The mainboard issue comprises only an offer-for-sale (OFS) of 70.22 crore shares
The initial public offer (IPO) of Sagility India Limited is set to open for subscription on November 5. The company aims to raise nearly Rs 2,107 crore via its maiden share sale. Sagility India IPO is a book building issue worth Rs 2,106.6 crore. The public issue comprises only an offer-for-sale (OFS) of 70.22 crore shares. Ahead of the launch, here is a look at some of the key details about the public offer of the healthcare services provider.
Sagility India IPO price band has been fixed between Rs 28 and Rs 30 per share. The retail investors can apply for a minimum of a single lot size comprising 500 shares, amounting to an investment of Rs 15,000. The minimum bid size for the small high-net-worth individuals (sHNI) is 7,000 shares, or 14 lots, aggregating to Rs 2,10,000. The big high-net-worth individuals (bHNI) can apply for at least 67 lots, or 33,500, with an investment of Rs 10,05,000.
The company has set aside up to 19 lakh shares for employees. The shares will be offered to the employees at a discount of Rs 2 per piece against the issue price. ICICI Securities Limited, IIFL Securities Ltd, Jefferies India Private Limited, and JP Morgan India Private Limited are the lead managers, with Link Intime India Private Ltd serving as the registrar for the issue.
