Sagility India Limited is a healthcare-focused company based in Bengaluru, Karnataka. Originally established in 2021 as Berkmeer India Private Limited, the company underwent rebranding to Sagility India Private Limited in 2022. Recently, in 2024, it converted to a public limited company, positioning itself for an Initial Public Offering (IPO). Sagility India Limited is backed by its promoters, Sagility B.V. and Sagility Holdings B.V., which offer strategic support and financial backing to the company.
Business Focus and Operations
Sagility India Limited primarily operates within the healthcare industry, specializing in providing support services to improve healthcare management and delivery. Its services likely include technology-enabled solutions that assist healthcare organizations in enhancing operational efficiency, improving patient care, and managing healthcare data more effectively. The company’s services are tailored to meet the unique needs of healthcare providers, payers, and other stakeholders within the healthcare ecosystem.
Financial Goals and IPO Plans
With its IPO, Sagility India Limited aims to expand its financial resources by offering up to 984.46 million shares to the public. The IPO will be structured as an “Offer for Sale” (OFS), where shares held by Sagility B.V., one of the main stakeholders, will be sold to investors rather than issuing new shares. This approach allows existing investors to partially cash out their investment, giving the public a chance to become part of the company’s growth journey.
Market Approach and IPO Structure
Sagility’s IPO will follow a “Book Building Process,” which allows the market to determine the final share price based on demand. This process sets a price range for shares, and investors place bids within that range. The highest bids set the final price. To ensure fair participation, shares will be allocated across various categories:
- Qualified Institutional Buyers (QIBs): Financial institutions and large investors will receive the majority of the allocation.
- Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs): A smaller portion of shares is reserved for general investors, with a portion specifically for eligible employees.
Management and Compliance
Sagility India Limited has a dedicated management team and is working with reputable financial institutions, including ICICI Securities, IIFL Securities, Jefferies India, and J.P. Morgan India, to ensure a smooth and compliant IPO process. The company’s listing will be on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange), which will provide liquidity and visibility in the Indian stock market.
Investment Risks and Considerations
As a healthcare service provider venturing into the public market for the first time, Sagility India Limited cautions potential investors about market risks. Since it is a new public listing, the company’s stock may experience price fluctuations, and there is a possibility of losing the invested capital. The Draft Red Herring Prospectus (DRHP) outlines these risks, and prospective investors are encouraged to review this information before investing.
Future Prospects
Sagility India Limited’s IPO is a significant milestone that could fuel its growth trajectory. With an expanding healthcare sector in India, the demand for healthcare support and technology solutions is on the rise, and Sagility’s services are well-positioned to meet this demand. The company’s strategic approach, strong promoter backing, and focus on healthcare innovation provide it with a solid foundation for future success.
By going public, Sagility India Limited aims to solidify its market position, attract new investors, and continue to develop its services to support the evolving healthcare landscape in India.
Sagility India Limited is an upcoming Initial Public Offering (IPO). Here’s a simplified explanation:
- What is Sagility India Limited?
Sagility India Limited, based in Bengaluru, Karnataka, was originally founded in 2021 as Berkmeer India Private Limited. The company rebranded in 2022 and became a public limited company in 2024. Sagility focuses on offering healthcare support and solutions and is promoted by Sagility B.V. and Sagility Holdings B.V. - Purpose of the IPO
The company is aiming to raise funds by selling up to 984.46 million shares, each valued at ₹10. This is called an “Offer for Sale” (OFS), where existing shareholders (in this case, Sagility B.V.) sell shares to the public rather than the company issuing new shares. - Process and Allocation
The IPO will be conducted through a “Book Building Process.” This process involves setting a price range for shares and allowing investors to bid within that range. The final share price will be determined based on the demand indicated by the bids. A portion of the shares is reserved for different types of investors:
- Qualified Institutional Buyers (QIBs) will get the largest share of allocation.
- Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) are also allocated shares but in smaller amounts.
- Some shares are reserved specifically for eligible employees.
- Risks and Considerations
As this is the company’s first time offering shares to the public, the DRHP advises potential investors about risks, such as fluctuations in the stock price after the listing and the possibility of losing the invested amount. Investors are encouraged to review these risks thoroughly. - IPO Team and Management
The IPO is managed by well-known financial institutions like ICICI Securities, IIFL Securities, Jefferies India, and J.P. Morgan India. They are responsible for coordinating the share offering, managing investor relations, and ensuring compliance with regulations. - Listing Details
After the IPO, Sagility’s shares are planned to be listed on two major Indian stock exchanges—BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). - Financial Disclosures and Compliance
The company complies with Indian regulations, including those set by SEBI (Securities and Exchange Board of India) for transparency and accuracy in reporting financial details.
It serves as a guide for investors, explaining the company, the share offering process, and what to consider before investing.
