Sagility India IPO Price: Sagility India's IPO launched in the stock market, know from when and for how much you can bid…

Sagility India IPO Price: The initial public offering (IPO) of Segility India, a provider of healthcare-centric solutions and services, has opened today. Investors can bid for this issue till November 7. On November 12, the company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The company wants to raise Rs 2,106.60 crore through this issue. For this, existing investors of Segility India are selling 702,199,262 shares worth Rs 2,106.60 crore through Offer for Sale (OFS). The company is not issuing even a single new share.

Sagility India IPO Price: What is the minimum and maximum amount that can be invested?

Segility India has fixed the price band of this issue at Rs 28 to Rs 30 per share. Retail investors can bid for a minimum of one lot i.e. 500 shares. If you apply for 1 lot at the upper price band of IPO at Rs 30, then you will have to invest Rs 15,000 for it.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 6500 shares. For this, investors will have to invest ₹ 195,000 as per the upper price band.

The company has reserved 10% of the issue for retail investors. The company has reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).

13% increase in company's revenue on annual basis

Segility India's revenue increased by 13% on an annual basis to Rs 4,781.5 crore in the financial year 2023-24. A year ago it was Rs 4,236.06 crore. Net profit increased by 59% to Rs 228.27 crore as compared to a year ago. The profit in financial year 2023 was Rs 143.57 crore. In the April-June 2024 quarter, revenue was Rs 1,247.76 crore and net profit was Rs 22.29 crore.