Sagility India Ltd IPO
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Sagility India Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 7,021.99 L | ₹ 7,021.99 L | ₹ 700.3 L | ₹ 46,813.28 L | BSE | ₹ 2106.6 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 05 Nov, 24 | 07 Nov, 24 | 500 | ₹ 14,000 | Book Building | 12 Nov, 24 |
Sagility India Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 1.41x | 525224447 | 738682000 |
| NII | 1.93x | 105044889 | 202702500 |
| Retail | 4.16x | 70029926 | 291502500 |
| Employee | 3.75x | 1900000 | 7130000 |
| Total | 1.77x | 702199262 | 1240017000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Sagility India Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4,753.56 | 4,218.41 | 90.35 |
| EBITDA | 774.48 | 761.09 | 173.02 |
| PAT | 72.71 | 35.23 | 4.20 |
| Total Assets | 1,129.19 | 1,022.30 | 666.37 |
| Share Capital | 4,285.28 | 1,918.67 | 1,918.67 |
| Total Borrowings | 273.86 | 172.94 | 56.42 |
| Operating Activities (Net Cash) | 429.31 | 390.90 | 86.87 |
| Investing Activities (Net Cash) | 6,693.18 | 0.00 | -1.30 |
| Financing Activities (Net Cash) | 273.86 | 172.94 | 56.42 |
| Net Cashflow | 20.93 | 38.23 | 45.70 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Sagility India Ltd
Sagility India Limited was originally incorporated as `Berkmeer India Private Limited' as a private limited company under the Companies Act, 2013 pursuant to a certificate of incorporation dated July 28, 2021, issued by the Registrar of Companies, Karnataka at Bengaluru. Subsequently, pursuant to a resolution passed by its Shareholders at the EGM held on August 25, 2022 the name of the Company was changed to `Sagility India Private Limited' and a fresh certificate of incorporation was issued by the Registrar of Companies, Karnataka at Bengaluru on September 13, 2022. Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by its Shareholders at the EGM held on May 21, 2024 and the name of the Company was changed to `Sagility India Limited', and a fresh certificate of incorporation was issued to the Company by the RoC, on June 20, 2024.
Healthcare expenditure in the U.S. has grown at a CAGR of 5.0% from 2014 to 2023 and amounted to US$4.7 trillion (Rs.389.6 trillion) in 2023, and further is anticipated to grow at a CAGR of 5.5%, reaching US$6.1 trillion (Rs.509.8 trillion) by 2028. The US healthcare market comprises of two primary entities with respect to care financing and care delivery - healthcare payers and healthcare providers. Healthcare payers are entities that pay for or reimburse healthcare services for insured members through health insurance plans. Healthcare providers are individuals or healthcare facilities that are licensed to deliver care services or aid in care delivery such as doctors, clinics, hospitals, labs, and durable medical equipment providers. Healthcare operations spend by such Payers and Providers in the US was valued at approximately US$201.1 billion (Rs.16.8 trillion) in 2023. This spend is expected to reach approximately US$258.9 billion (Rs.21.6 trillion) in 2028, driven by the rise in the aging population, increasing prevalence of chronic diseases, and various governmental initiatives aimed at enhancing healthcare services, among other factors.
Sagility India Limited provides technology-enabled business solutions and services to clients in the U.S. healthcare industry. The Company 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). its services to Payers cater to various aspects of their operations including (i) core benefits administration functions such as claims management, enrolment, benefits plan building, and premium billing, and (ii) clinical functions such as utilization management, care management, and population health management. Its services to Providers include revenue cycle management functions.
Peer Comparison:
- No Listed Industry Peers
Sagility India Ltd IPO Key Points
Strengths
- Leadership position in the large and resilient U.S. Payer and Provider solutions market.
- Domain expertise in healthcare operations, with end-to-end service offerings to Payers and Providers.
- Suite of scalable, technology-enabled services and solutions, supported by proprietary tools and platforms.
- Deep, long-term, expanding client relationships across healthcare Payers and Providers.
- Multi-shore, scalable and flexible delivery model with certified data protection and service standards.
Risk
- The healthcare services industry is highly competitive and if the company is unable to compete effectively, it may adversely affect its business, financial condition and results of operations.
- The company's business is solely focused on the U.S. healthcare industry and may be adversely affected by factors affecting the U.S. healthcare industry, including a decline in the growth of the U.S. healthcare industry, reduction in outsourcing and other trends.
- The company has, in the 12 months preceding the date of this Red Herring Prospectus, issued Equity Shares at a price which may be significantly lower than the Offer Price.
Strategy
- Strengthen its relationships with existing clients, expand its offerings and increase its share of their wallets.
- Establish new client relationships across categories.
- Enhance its portfolio of technology tools and platforms.
- Pursue strategic acquisitions and collaborations.
- Leadership position in the large and resilient U.S. Payer and Provider solutions market.
- Domain expertise in healthcare operations, with end-to-end service offerings to Payers and Providers.
- Suite of scalable, technology-enabled services and solutions, supported by proprietary tools and platforms.
- Deep, long-term, expanding client relationships across healthcare Payers and Providers.
- Multi-shore, scalable and flexible delivery model with certified data protection and service standards.
How To Apply for Sagility India Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.