Sagility India IPO: Healthcare Firm Secures ₹945.4 Crore from Anchor Investors Ahead of Public Launch

Sagility India, a healthcare service provider, has raised approximately ₹945.4 crore from anchor investors before its upcoming initial public offering (IPO). The company announced this on Monday through an exchange filing.

Sagility allocated around 31.51 crore equity shares at ₹30 each to 52 anchor investors, who include notable names such as ICICI Prudential, HDFC Mutual Fund, and Nomura, among others.

Key investors in this round include ICICI Prudential Innovation Fund and various schemes from HDFC Mutual Fund, which collectively hold over 4% of the shares. Notably, 37.57% of the total shares were allocated to eight domestic mutual funds across 26 different schemes.

IPO Details

Sagility India specializes in providing services to US health insurance companies, hospitals, and medical device firms. The IPO will open for subscription on November 5 and close on November 7, with a price range set between ₹28 and ₹30 per share. The shares are expected to be listed on the BSE and NSE on November 12.

As of November 4, the grey market premium (GMP) for the IPO dropped to ₹0 from ₹3 the previous day, indicating reduced demand among investors. Importantly, the funds raised from this IPO will benefit the selling promoter, Sagility BV, rather than the company itself.