Sagility India
MainboardHealthcare IT
72/100
AEX AI Score
+₹4
Grey Market
Price Band
₹28–30
Issue Size
₹2,106 Cr
Lot Size
500 shares
Min Investment
₹15,000
Open Date
5 Nov 2024
Close Date
7 Nov 2024
Listing Date
12 Nov 2024
Registrar
KFin Technologies
Subscription Status
5.12x
QIB
1.98x
NII/HNI
2.85x
Retail
3.24x
Overall
Listing Performance
Issue Price
₹30
Listing Price
₹34.0
Listing Gain
+13.3%
Company Financials (FY24)
Revenue
₹4,847 Cr
PAT
₹312 Cr
PAT Margin
6.4%
ROE
12.4%
About the Company
Sagility India is a pure-play healthcare IT services provider focused on US payers and providers. Strong revenue visibility with 97%+ revenue from top clients, but concentration risk is notable. Decent valuations at ~25x FY25E earnings.
IPO Objectives
- 1.Funding capital expenditure for expansion of operations
- 2.Repayment or prepayment of certain borrowings availed
- 3.Funding working capital requirements of the company
- 4.General corporate purposes including inorganic growth
AEX AI — IPO Analysis
Neutral
Strengths
+Strong brand presence and market leadership
+Healthy revenue growth trajectory
+Diversified customer base with low concentration risk
Risks
–Elevated valuation vs sector peers
–Profitability improving but not stable yet
–Competitive intensity increasing
Lead Managers
ICICI Securities
Kotak Mahindra
IPO Timeline
IPO Open
5 NovIPO Close
7 NovAllotment Date
8 NovListing on NSE/BSE
12 Nov