
Information Technology · NSE / BSE
Sagility India Limited (formerly Berkmeer India Private Limited) provides healthcare-focused services to U.S. health insurers (payers) and medical service providers such as hospitals, doctors, diagnostics, and medical technology companies. Its solutions include claims processing, payment accuracy checks, clinical management, and revenue cycle management to help streamline billing and healthcare cost settlements. The company also supports Pharmacy Benefit Managers (PBMs) in managing prescription drug coverage. Sagility serves only U.S.-based customers, with strong long-term relationships—its top five customer groups have an average association of 17 years, and as of January 2024, it worked with five of the top ten U.S. payers. The company added 20 new clients across FY 2023 and FY 2024 and had a workforce of 35,044 employees as of March 31, 2024, of which 60.52% were women, including 1,687 certified professionals such as medical coders, registered nurses, and specialists in dentistry, surgery, and pharmacy.
Price Band
₹28 – ₹30
Issue Size
₹2106 Cr
Lot Size
500 shares
GMP
+1.0%
Est. Listing
₹30.3
at current GMP
Subscribed
3.20x
overall
Open
5 Nov 2024
Close
7 Nov 2024
Allotment
9 Nov 2024
Refund
10 Nov 2024
Demat Credit
11 Nov 2024
Listing
12 Nov 2024
Overall Subscription
3.20x
Total Demand
QIB Multiplier
3.52x
Institutions & Funds
NII / HNI
1.93x
High Net-Worth
Retail (RII)
4.16x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 210,089,779 | 738,682,000 | 3.52x |
| NIB | 105,044,889 | 202,702,500 | 1.93x |
| HNIs(10L +) | 70,029,926 | 118,450,500 | 1.69x |
| HNIs (2-10L) | 35,014,963 | 84,252,000 | 2.41x |
| RETAIL | 70,029,926 | 291,502,500 | 4.16x |
| EMPLOYEES | 1,900,000 | 7,130,000 | 3.75x |
| Total | 492,109,483 | 1,442,719,500 | 3.20x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| HNIs(10L +) | 10,004 | 2,846 | 0.28x |
| HNIs (2-10L) | 5,002 | 11,285 | 2.26x |
| RETAIL | 140,060 | 549,274 | 3.92x |
| Total Applications | 155,066 | 563,405 | 3.63x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Sagility India Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹2,106.4 Crores. The shares are offered at a price band of ₹28 to ₹30 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 500 shares (approx. ₹15,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-11-11, while un-allotted funds or UPI block mandates will be released on 2024-11-10.
The latest Grey Market Premium (GMP) for Sagility India Limited IPO is ₹0.3 per equity share. Based on the upper price band of ₹28 to ₹30 per equity share, the estimated listing price is ₹30.3 (+1.0% expected listing gain).
With a lot size of 500 shares and current GMP of ₹0.3, the expected profit per application lot is approx ₹150 (+1.0% gain). Minimum application cost is approx ₹15,000.
The Sagility India Limited IPO aggregate issue size is ₹2,106.4 Crores with an equity price band set at ₹28 to ₹30 per equity share. The retail lot size is 500 shares requiring a minimum capital outlay of approx. ₹15,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 3.20x (Retail: 4.16x, QIB: 3.52x, NII: 1.93x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-11-09. Investors can verify status using PAN card or application number.
Sagility India Limited shares are scheduled to list on NSE and BSE on 2024-11-12.