The much-anticipated allotment for the Sagility India IPO is scheduled for today, November 8, 2024. Investors are keenly awaiting the results following a successful subscription period that concluded yesterday. This article provides insights into the allotment status, grey market premium (GMP), expected listing price, and other essential details for Sagility India shares.
Overview of the Sagility India IPO
Sagility India, formerly known as Berkmeer India, specializes in providing technology-enabled solutions to the US healthcare sector. The company launched its public offering to raise approximately ₹2,106.60 crore, with shares priced between ₹28 and ₹30. The lot size for the IPO is set at 500 shares.
Subscription Details
The IPO received an overwhelming response from investors, with total bids amounting to 1,24,00,17,000 shares against the 38,70,64,594 shares on offer. This resulted in an overall subscription of 3.20 times. Here’s a breakdown of the subscription by investor category:
- Retail Investors: 4.16 times
- Qualified Institutional Buyers (QIBs): 3.52 times
- Non-Institutional Investors (NIIs): 1.93 times
- Employee Portion: 3.75 times
How to Check Allotment Status
Investors can check their allotment status through various platforms:
- BSE: Check Sagility India IPO allotment status on BSE
- NSE: Check Sagility India IPO allotment status on NSE
- Link Intime India: Check Sagility India IPO allotment status on Link Intime
To check the status on these platforms, investors need to enter their application number and PAN details.
Grey Market Premium (GMP)
As of today, the grey market premium for Sagility India shares is relatively muted. The shares are currently trading at a premium of around ₹0.30, translating to a GMP of approximately 1% over the upper end of the IPO price. This indicates limited enthusiasm among investors in the grey market.
Expected Listing Price
Sagility India shares are set to list on both the BSE and NSE on November 12, 2024. If current trends in the grey market hold steady, it is expected that the shares may list at around ₹30.30, reflecting a modest premium of ₹0.30 or 1% from the upper band of the issue price.
Important Dates for Sagility India IPO
Here are key dates related to the Sagility India IPO process that investors should keep in mind:
| Event | Date |
|---|---|
| IPO Subscription Period | November 5 – 7, 2024 |
| Basis of Allotment | November 8, 2024 |
| Refunds Initiated | November 9, 2024 |
| Shares Credited to Demat Accounts | November 11, 2024 |
| Listing Date | November 12, 2024 |
These dates are crucial for investors who wish to track their investments and ensure timely participation in the market.
Conclusion
The Sagility India IPO has garnered significant interest from various investor categories, particularly retail investors. With a solid subscription rate and an expected listing on November 12, many are watching closely to see how the stock performs post-allotment.
Disclaimer
The information provided in this article is based on various sources and is intended for informational purposes only. It does not constitute financial advice or recommendations for investment decisions. Investors should conduct their own research or consult with certified financial experts before making any investment choices.This overview aims to keep investors informed about the latest developments regarding Sagility India’s IPO while highlighting key aspects that may influence their investment decisions moving forward.
