Sagility India has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The company’s proposed IPO is entirely an offer for sale (OFS) of 98.44 crore shares by promoter Sagility BV. Since it is an OFS, the Bengaluru-based company will not receive any proceeds from the public issue, and the entire fund will go to the selling shareholders.
ICICI Securities, IIFL Securities, Jefferies India, and J.P. Morgan India are the book-running lead managers to the issue. The company's equity shares are proposed to be listed on the BSE and NSE.
Sagility India provides technology-driven services to both payers (US health insurance companies, which finance and reimburse the cost of health services), and providers (primarily hospitals, physicians, and diagnostic and medical devices companies).
Company Name | CMP |
---|---|
Syngene Internation. | 714.90 |
Sagility India | 46.41 |
AGS Transact Tech | 25.92 |
Just Dial | 897.50 |
Krystal Integrated | 443.60 |
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