Sagility India IPO to open for subscription on November 5, price band fixed at Rs 28-30 per share
The IPO will consist entirely of 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, and Sagility India will not receive funds from the issue.
The original IPO size was reduced from 98.44 crore shares as initially proposed in the preliminary filings. Sagility B.V., an affiliate of EQT Private Capital Asia, is the sole promoter of the Bengaluru-based company and will reduce its shareholding by 15%, retaining 85% after the IPO.
The anchor book opens on November 4, and the public offer closes on November 7.
Valued at Rs 14,044 crore at the upper price band, Sagility India provides technology-driven solutions to U.S. healthcare payers and providers, including health insurance companies, hospitals, and medical device companies.
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