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Sagility India Limited IPO
Issue Size (Net)
up to Rs.2,106.60 Cr
Price Band
Rs.28 to Rs.30 per share
Issue Opens
November 5, 2024
Issue Closes
November 7, 2024

Company Highlights

1.Company Information

Sagility India Limited, formerly known as Berkmeer India Private Limited, provides healthcare-focused solutions and services to Payers (US health insurers who fund and reimburse the cost of healthcare services) and Providers (primarily hospitals, physicians, diagnostics and medical technology companies). The company supports the core business of both payers and providers. Services to payers span their entire operational spectrum, including centralized claims administration and clinical services functions. These include claims administration, payment integrity, clinical management and other services. For providers, the company offers revenue cycle management services to assist them in managing their billing and claiming treatment costs from payers. In addition, the Company also offers some of the services it provides to Payers to Pharmacy Benefit Managers (“PBMs”) who manage prescription drug coverage for members (i.e., insureds) under health benefit plans. The company's customers are all based in the USA. As of March 31, 2024, the Company's five largest customer groups (i.e. the customer companies together with their subsidiaries) had an average tenure of service of 17 years. In January 2024, the company served five of the ten largest payers in the US (source: Everest Report). In addition, the company acquired 20 new customers in the financial years 2024 and 2023. As of March 31, 2024, Sagility India had 35,044 employees, of which 60.52% were women. As of March 31, 2024, 1,687 of the employees held certifications, including 374 certified medical coders, 1,280 registered nurses in the US, Philippines and India, and 33 employees with other degrees such as dentistry, surgery and pharmacy.

2. Objects of the Issue

The objectives of the Offer are to:
1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges, and
2. Carry out the Offer for Sale of up to 702,199,262 Equity Shares of the face value of Rs. 10 each by the Promoter Selling Shareholder.

3.SAGILITY INDIA LIMITED IPO Registrar
Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: sagility.ipo@linkintime.co.in

Website: https://linkintime.co.in

SAGILITY INDIA LIMITED IPO Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Jun-24
10388.01
1247.76
22.29
7608.16
2704.28
943.91
31-Mar-24
10664.2
4781.5
228.27
6443.13
1855.44
1933.52
31-Mar-23
10590.48
4236.06
143.57
6206.67
4013.38
2347.94
Amount in Rs.Crore

SAGILITY INDIA LIMITED IPO Details

Issue Opening Date
November 5, 2024
Issue Closing Date
November 7, 2024
Face Value
Rs.10 per share
Price
Rs.28 to Rs.30 per share
Lot Size
500 Shares
Issue Size
702,199,262 shares(aggregating up to Rs.2,106.60 Cr)
Offer for Sale
702,199,262 shares of Rs.10(aggregating up to Rs.2,106.60 Cr)
Employee Discount
Rs 2 per share
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
4681328413
Share holding post issue
4681328413

SAGILITY INDIA LIMITED IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Tuesday, November 5, 2024
Closing Date
Thursday, November 7, 2024
Basis of Allotment
Friday, November 8, 2024
Initiation of Refunds
Friday, November 8, 2024
Credit of Shares to Demat
Monday, November 11, 2024
Listing Date
Tuesday, November 12, 2024
Cut-off time for UPI mandate confirmation
5 PM on November 7, 2024

Prospectus

Prospectus File

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ARN-0032 Validity 14-Mar-2027

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