Sagility India shares to debut today. Here's what GMP indicates
Sagility India will debut on the exchanges on Tuesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 0.3 in the grey market.
Considering the upper price band of Rs 30, the company's stock is expected to list at 1% at the bourses.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
The IPO of Sagility India received decent response from investors with an overall subscription of 3 times at close.
The Rs 2,106 crore IPO was 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.
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