- By Aditya Pratap Singh
- Tue, 05 Nov 2024 10:44 AM (IST)
- Source:JND
Saglity India IPO Price Band: The IPO of Bengaluru-based healthcare company Sagility India will be open for subscription from today i.e. November 5. The company intends to raise Rs 2,106.60 crore through the IPO. The issue is entirely based on an offer for sale (OFS) of 70,21,99,262 shares with a face value of Rs 10 per share. The IPO will be open for subscription until Thursday, November 7, 2024.
Sagility India announced on Monday that it had raised over Rs 945 crore from anchor investors the day before the initial public offering of shares to the general public.
According to the circular posted on the BSE website, the top anchor investors included Nomura Funds Ireland, Government Pension Fund Global, Florida Retirement System-Allspring Global Investments, LLC (EMSC), Amundi Funds New Silk Road, and Goldman Sachs (Singapore) Pte. According to the circular, Sagility India has allotted 31.51 crore equity shares at Rs 30 per share to 52 funds. This brought the total transaction size to Rs 945.40 crore.
Sagility IPO GMP Today
According to investorgain.com, the GMP or grey market premium of the Sagility India IPO stood at Rs 0 today, meaning the shares were trading at their issue price of Rs 30 without any premium or discount in the grey market. The 'grey market premium' reflects investors' willingness to pay more than the issue price in an unofficial market.
Price band and lot size of Sagility India IPO
The price band for the Sagility India IPO has been set at Rs 28-30. The minimum lot size for IPO applications is 500 shares. Therefore, retail investors will need a minimum investment of Rs 15,000 to apply for the IPO. ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India are the book-running lead managers for the issue.
Sagility India IPO listing date
After the subscription window closes, the share allotment is expected to be finalized on Friday, November 8, 2024, and the company's shares will be credited to the demat accounts of the allottees on Monday, November 11, 2024. The Sagility India shares are expected to be listed on the BSE and NSE on Tuesday, November 12, 2024.