Sagility India Shares List With 3% Premium

12 Nov 2024 , 09:50 AM

Sagility India shares debuted with a 3% premium on the stock exchanges, listing at ₹31.06 on both the NSE and BSE, reflecting a 3.53% increase.

The company’s IPO, open from November 5 to November 7, was oversubscribed 3.2 times, receiving bids for 1,23,99,75,500 shares compared to the 38,70,64,594 shares on offer.

Financially, Sagility India’s revenue from operations rose by 9.6% to ₹1,223 crore for the quarter ended June 30, 2024, up from ₹1,116 crore in the same period of 2023. The revenue for FY24 increased by 12.69%, reaching ₹4,753 crore compared to ₹4,218.4 crore in FY23.

The IPO had a price band of ₹28 to ₹30 per share. At the upper end, the company raised ₹2,106.60 crore through a book-built issue, which was entirely an offer-for-sale (OFS) of 70.22 crore equity shares. ICICI Securities, IIFL Capital Services, Jefferies India, and JP Morgan India acted as the book-running lead managers, with Link Intime India Private Ltd serving as the IPO registrar.