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MainLine NSE • BSE Financial Services

Sagility Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

Listed
Price Band ₹30 per share per share
Lot Size 500 Shares
Min. Investment ₹15000
Issue Size ₹2106.4 Cr
Face Value ₹10
IPO Open 05 November 2024
IPO Close 07 November 2024
Allotment 08 Nov 2024
Listing 12 Nov 2024
Live demand

Subscription status for Sagility Ltd IPO

As of 08 Nov 26, 9:15 AM. Will get Updated in every 30 minutes

QIB -

Qualified Institutional Buyers

NII -

Non-Institutional Investors

Retail -

Retail Individual Investors

Total -

Across all investor categories

Key dates

IPO schedule for Sagility Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 05 Nov 2024
IPO Close 07 Nov 2024
Allotment 08 Nov 2024
Refund / Unblock 08 Nov 2024
Listing 12 Nov 2024
About the company

Who is Sagility Ltd ?

Sagility India Limited was initially incorporated as Berkmeer India Private Limited' as a Private Limited Company dated July 28, 2021by the Registrar of Companies, Karnataka. 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. Again, status converted to a Public Company and the name was changed to Sagility India Limited', issued by the RoC, through fresh certificate of Incorporation on June 20, 2024.

The Company is technology-enabled, pure-play healthcare focused solutions and services provider to Payers such as 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.

Their services to Payers encompass the entire spectrum of their operations, including core benefits administration functions and clinical services. To Providers, the Company provide revenue cycle management services which help them manage their billings and expenses and claim the cost of treatment from Payers. Additionally, it also provide some of the services to Payers to pharmacy benefit managers (PBMs) that manage prescription drugs for Members i.e., insured persons under health insurance plans.

The Company commenced providing services to Payer clients in 2000 and gradually increased the scope of services provided to Payers and Providers, and the number of its clients, through organic and inorganic growth.

The Company acquired the Indian undertaking of Hinduja Global Solutions Limited conducting the business of providing healthcare services in January, 2022. In April 2023, it acquired Devlin Consulting, Inc. (DCI) to enhance its payment integrity (PI) solutions in health plans. Company further acquired 100% shareholdings of Sagility (US) Holdings Inc and Sagility Philippines B.V., making them the subsidiaries of the Company in March, 2024.

The Company launched the Initial Public Offer of issuing 702,199,262 equity shares having the face value of Rs 10 by raising funds aggregating to Rs 2106 Crore through offer for sale in November, 2024.

The Company acquired BirchAI, a company specializing in cloud based GenAI technology for healthcare transactions in March, 2024. It further acquired BroadPath Healthcare Solutions, a U.S. healthcare-focused services company in January, 2025.

In 2026, Company has prioritized scaling technology and AI-led, outcome-based engagements across the client base. It has been expanding connected lifecycle operating models, including Synchrony, across administrative, clinical, and financial operations. On 11th June 2026, the Company has acquired CareSeed, a U.S.-based healthcare analytics firm, by Sagility LLC, a step-down subsidiary. A specialized pool of over 4,400 clinicians, allied health professionals, nurses, coders, and technologists, have augments Sagility's ability to deliver high-quality, domain-intensive healthcare services..

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2026
FY 2025
FY 2024
Metric (₹ Cr)FY 2026FY 2025FY 2024
Total Income2,042.161,767.191,515.87
EBITDA617.09562.40533.75
PAT350.79271.4872.71
AUM11,643.3911,467.9310,276.27

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

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.
  • Experienced management and board, motivated employee base, marquee sponsor support and a sustainability focused culture.

Risks

  • NO DATA AVAILABLE

Sagility Ltd IPO — frequently asked questions

The Sagility Ltd IPO opens on 05 November 2024 and closes on 07 November 2024. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for Sagility Ltd IPO is Rs 30 to Rs 30 per share. The lot size is 500 shares per lot, requiring a minimum investment of Rs 15000 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 500 lots as per SEBI guidelines.
You can apply for the Sagility Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select Sagility Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 07 November 2024 at 5:00 PM.
Allotment for Sagility Ltd IPO is scheduled on 08 Nov 2024. Refunds or unblocking of funds for unsuccessful applicants will be processed on 08 Nov 2024. The shares are expected to list on 12 Nov 2024. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the Sagility Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your Sagility Ltd IPO bid before the subscription window closes on 07 November 2024 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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