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Sagility Ltd IPO

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.

Sagility Ltd IPO Details

Total Shares Offered

₹ 70,21,99,262

Offer to Public

70,21,99,262

Retail Max (Shares)

₹ 7,00,29,926

Pre Issue Promoters Holding

₹ 4,68,13,28,413

Exchange

BSE

Issue size

₹ 2106.6 Cr

IPO Open Date

Nov 5, 2024

Close Date

Nov 7, 2024

Lot Size

500

Min Investment

₹ 14,000

Issue Type

Book Building

Listing Date

Nov 12, 2024

Sagility Ltd IPO Dates

Nov 5, 2024

Opening date

Nov 7, 2024

Closing date

Nov 8, 2024

Basis of Allotment

Nov 8, 2024

Initiation of Refunds

Nov 11, 2024

Credit of Shares

Nov 12, 2024

Listing date

Details

Sector	Type
Sector	Computers - Software - Medium
Sub Sector	Small
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

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1.41x

1.93x

4.16x

3.75x

1.77x

525224447

105044889

70029926

1900000

702199262

738682000

202702500

291502500

7130000

1240017000

Sagility Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	5,569.92	4,753.56	4,218.41
EBITDA	568.31	774.48	761.09
PAT	271.48	72.71	35.23
Total Assets	1,249.10	1,129.19	1,022.30
Share Capital	4,679.27	4,285.28	1,918.67
Total Borrowings	269.56	273.86	172.94
Operating Activities (Net Cash)	370.66	429.31	390.90
Investing Activities (Net Cash)	7,812.96	6,693.18	0.00
Financing Activities (Net Cash)	269.56	273.86	172.94
Net Cashflow	89.94	20.93	38.23

About Sagility 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.

Peer Comparison:

No Listed Industry Peers

Sagility Ltd 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.

How To Apply for Sagility Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Sagility Ltd IPO?

Sagility Ltd's IPO offers shares for up to 0 It begins on Nov 5, 2024 and ends on Nov 7, 2024.

What is the price of the Sagility Ltd IPO?

The price of Sagility Ltd IPO ranges between ₹28 to ₹30 per share.

What are the open and close dates for the Sagility Ltd IPO?

The Sagility Ltd IPO opens on Nov 5, 2024 and closes on Nov 7, 2024.

When will the Sagility Ltd IPO be allotted?

The allotment for the Sagility Ltd IPO will be finalised on Nov 8, 2024. The shares will be listed on BSE and NSE on Nov 12, 2024.

What is the minimum lot size required for Sagility Ltd IPO?

The minimum lot size for Sagility Ltd IPO is 500 shares, priced between ₹28 to ₹30 per share.

What is the GMP of Sagility Ltd IPO?

The GMP (Grey Market Premium) of Sagility Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Sagility Ltd IPO?

To check the allotment status of Sagility Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Sagility Ltd IPO getting listed?

The Sagility Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 5, 2024, and closes on Nov 7, 2024. The allotment is finalised on Nov 8, 2024.

How do you apply for the Sagility Ltd IPO?

To apply for the Sagility Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.