Sagility India, a technology-focused services company in healthcare, recently closed its Initial Public Offering (IPO) on November 7, 2024. This IPO saw good interest across all investor categories, with the offer being oversubscribed by 3.2 times. Today, November 8, 2024, is the expected date for the final share allotment, and interested investors can now check if they received shares in the IPO.
IPO Details and Subscription Overview
Sagility India offered shares for sale through an Offer for Sale (OFS) route, raising approximately ₹2,107 crore. The IPO had a price band of ₹28-₹30 per share, with a total of 70.22 crore shares available. The subscription period opened on November 5 and closed on November 7, generating high demand among different investor groups.
- Retail Investors: The retail portion of the IPO was subscribed 4.16 times, indicating strong interest from individual investors.
- Non-Institutional Investors (NIIs): This segment recorded a subscription of 1.93 times.
- Qualified Institutional Buyers (QIBs): Institutional buyers oversubscribed their portion 3.52 times.
With such a positive response, Sagility India’s IPO is expected to see a good debut in the stock market.
How to Verify the Allotment Status of Sagility India IPO
For those who participated in Sagility India’s IPO, checking the allotment status can be done online through multiple platforms:
- On the Link Intime India Private Ltd. Registrar’s website:
- Step 1: Visit Link Intime’s IPO allotment page at linkintime.co.in.
- Step 2: From the dropdown list, select “Sagility India IPO” (after allocation is complete).
- Step 3: Select either Application Number, Demat Account, or PAN to check the allotment status.
- Step 4: Select ASBA or non-ASBA based on your application type.
- Step 5: Enter relevant details, complete the captcha, and click “Submit.”
- On the BSE Website:
- Step 1: Access the allotment section on the BSE website at bseindia.com.
- Step 2: Pick “Equity” from the “Issue Type” dropdown menu.
- Step 3: From the list, select “Sagility India IPO” under “Issue Name.”
- Step 4: Provide your PAN or application reference number.
- Step 5: Confirm you are not a robot and press “Submit” to view your allotment.
- On the NSE Website:
- Step 1: Navigate to the allotment section on the NSE website at nseindia.com.
- Step 2: Sign up or log in using your PAN if you’re new to the NSE site.
- Step 3: Enter your credentials and check your IPO allotment status.
Once allotment is finalized today, successful investors should see shares credited to their demat accounts by Monday, November 11, 2024. Investors who did not receive an allotment will likely have their refunds processed on the same day.
As of today, Sagility India’s grey market premium (GMP) is around ₹0.30, suggesting a modest premium of about 1% over the upper price band of ₹30. This indicates that shares may list at approximately ₹30.3, reflecting a slight premium in the market. However, GMP is not always a guarantee of listing performance, so investors should use caution when relying on GMP data for predictions.
Sagility India’s shares are anticipated to begin trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Tuesday, November 12, 2024. With strong subscription numbers and positive investor interest, the listing day will be watched closely by market participants.
While IPO investments can be exciting, investors are reminded that there are always risks associated with market investments. The information provided here is purely for informational purposes and is not intended as financial advice. Investors should consider consulting a financial advisor to help with any investment decisions based on their financial goals and risk tolerance.
