Sagility India IPO
Sagility India Ltd
₹38 /1 sharesMinimum Investment
Sagility India IPO Listing Details
Listed On | Issue Price | Listing Price | Listing Gains |
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-- | ₹51.00 | ₹31.06 | -₹19.94 (39.10%) |
Sagility India IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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27 May ‘25 - 28 May ‘25 | ₹19,000 | 1 | ₹38 - ₹51 |
Issue Size | IPO Doc |
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2106.60Cr | |
Qualified Institutional Buyers | 3.52x |
Non-Institutional Investor | 1.91x |
Retail Individual Investor | 4.07x |
Employees | 3.71x |
Total | 3.18x |
Sagility India is a healthcare solutions and service provider, focusing on US health insurance companies (payers) and healthcare providers, including hospitals, physicians, and medical device companies (providers).
For the payers, Sagility India provides services, such as core benefits administration and clinical support, including claims processing, payment accuracy, clinical management, and related services. For the providers, they offer revenue cycle management services. Sagility India also extends some of these services to pharmacy benefit managers (PBMs), who oversee prescription drug management for insured individuals within health plans.
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Managing director
Mr. Ramesh Gopalan
Parent organisation
Sagility India Ltd
Strengths & Financials of Sagility India
Sagility India claims to offer technology-driven services to both payer and provider clients and delivers comprehensive, end-to-end solutions that include front- and back-office healthcare services.
The company claims to have developed a range of proprietary tools and platforms that enhance its service offerings, support the full operational needs of payer clients, and manage revenue cycles for healthcare provider clients. According to the company, these platforms use advanced technologies, including robotic process automation (RPA), analytics, and artificial intelligence (AI).
In March 2024, Sagility India expanded its technology capabilities by acquiring BirchAI, a healthcare technology firm specialising in cloud-based, generative AI solutions.
Sagility India operates from 30 locations across five countries: the U.S., Colombia, Jamaica, India, and the Philippines.
The company has observed a consistent increase in revenue from operations over the years. Revenue from operations increased from Rs 923.41 crore in FY22 to Rs 4,218.41 crore in FY23 to Rs 4,753.56 crore in FY24
Sagility India majorly focuses on the US healthcare industry. Any adverse developments in the healthcare landscape of the US, a decline in the demand for the company’s services, or any inability to expand its operations can be detrimental to the company’s business performance.
The company’s top 10 customers in the US contributed Rs 4,345.18 crore (91.41%), Rs 3,825.16 crore (90.68%), and Rs 849.07 crore (91.95%) to the revenue from operations in FY24, FY23, and FY22, respectively. Should the company lose any of these key clients or fail to maintain cordial relationships with them, it could adversely affect the company’s finances and operations.
The company, its subsidiaries, and directors are involved in some legal proceedings. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
The company’s largest assets consist of goodwill and other intangible assets. Any impairment to these assets can hurt the company’s reputation and financial health.
The company's success depends on its ability to keep up with the latest technological trends. Therefore, any failure to adequately invest in technology, achieve desired returns on these investments, or address errors or disruptions in its tools and platforms can adversely affect the company’s business operations. Any technological changes can also render its services obsolete, potentially impacting its business stability.
The company reported a loss of Rs 4.67 crore for the period from July 28, 2021, to March 31, 2022.
As of March 31, 2024, Sagility India’s outstanding borrowings (current and non-current) totalled Rs 1,933.52 crore. Any inability to service these borrowings could negatively affect the company’s financial standing.
Sagility India Financials
*All values are in Rs. Cr
Application Details of Sagility India IPO
Apply as | Price band | Apply upto |
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Regular | ₹28 - 30 | ₹2 Lakh |
Employee | ₹26 - 28 | ₹2 Lakh |
High Networth Individual | ₹28 - 30 | ₹2 - 5 Lakh |
For Sagility India IPO, eligible investors can apply as Regular & Employee.