Sagility India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 525,224,447 (75%) | — | ₹157,567 Cr |
| NII (HNI) | — | 105,044,889 (15%) | — | ₹31,513 Cr |
| Retail | — | 70,029,926 (10%) | — | ₹2,101 Cr |
| Employee | — | 1,900,000 (0%) | — | ₹57 Cr |
| Σ Total | — | 702,199,262 (100%) | — | ₹2,106,598 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 500 | ₹15,000 |
| Retail (Max) | 13 | 6,500 | ₹195,000 |
| S-HNI (Min) | 14 | 7,000 | ₹210,000 |
| B-HNI (Min) | 67 | 33,500 | ₹1,005,000 |
Financial Statements Amount in Crore
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 1,248 | 4,782 | 4,236 |
| Profit After Tax | 22 | 228 | 144 |
| Net Worth | 7,608 | 6,443 | 6,207 |
| Total Assets | 10,388 | 10,664 | 10,590 |
| Reserves & Surplus | 2,704 | 1,855 | 4,013 |
| Total Borrowing | 944 | 1,934 | 2,348 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges, and –
- 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. –
Company Overview
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.