Sagility India IPO subscribed 39% so far

6 Nov 2024 , 01:51 PM

On Tuesday’s first day of bidding, Sagility India Ltd., a supplier of technology-enabled healthcare services, earned a 0.23 times subscription for its initial public offering (IPO). November 7 is the last day of the Rs 2,106.6-crore IPO, with a price range of Rs 28 to Rs 30 per share.

The IPO received a 0.39 times subscription up until 13:49 pm on Wednesday, the second day of bidding, and offers for 15,01,73,500 shares were received, compared to the 38,70,64,594 shares that were up for grabs.

Between November 5 and November 7, the public will have three days to subscribe for the Sagility India IPO. On November 8, its allocation will be confirmed, and on November 12, the shares are expected to be listed.

The IPO’s price range has been set between Rs 28 and Rs 30 per share.

An IPO application must include a minimum lot size of 500 shares. Therefore, in order to apply for the IPO, retail investors must invest a minimum of Rs 15,000.

For small NII, the minimum lot size investment is 14 lots (7,000 shares), which is equivalent to Rs 2,10,000; for large NII, it is 67 lots (33,500 shares), which is equivalent to Rs 10,05,000.

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