Sagility India IPO subscribed 65% on last day of bidding process so far. Check GMP, other details
At 11 am, the issue attracted bids for 24,98,62,000 shares, or 65% against the issue size of 38,70,64,594 shares. The retail portion of the issue was subscribed 2.82 times, and the non-institutional category's subscription rate stood at 37%. The qualified institutional buyers (QIBs) portion witnessed a subscription of merely 7%.
The Rs 2,106 crore IPO is entirely an offer-for-sale of 70.22 crore shares by the promoter, Sagility B.V., with no fresh issue component. All proceeds, excluding expenses, will go to the selling shareholder.
Sagility India IPO price band
The company has fixed a price band in the range of Rs 28-30, where investors can bid for 500 shares in one lot.
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