Sagility India IPO: Financials, Issue Details, Key Strengths, Risks And More — Anand Rathi

Anand Rathi Report

Sagility India Ltd. launched its initial public offering today and the offer closes for subscription on Nov. 07. A leading tech-enabled healthcare specialist has fixed the price band in the range of Rs 28-30 per share.

The IPO of Sagility India comprises of entirely an offer-for-sale of Rs 70.22 crore equity shares, with no fresh issue component. The company aims to raise Rs 2,107 crore from the offer.

Objects of the Issue

• Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

• Carry out the Offer for Sale of up to 702,199,262 Equity Shares of face value of Rs 10 each by the Promoter Selling Shareholder.

Valuation and Outlook

Sagility India is technology-enabled, pure-play healthcare focused solutions and services provider to Payers -U.S. health insurance companies, which finance and reimburse the cost of health services; and Providers -primarily hospitals, physicians, and diagnostic and medical devices companies. In terms of financial aspect, company posted steady growth for FY22 to FY24.

At the upper price band company is valuing at P/E of 61.4 times with a market cap of Rs 140,439 million post issue of equity shares and return on net worth of 3.54%.

On the valuation front, we believe that the company is richly priced. Although looking at its long term prospects and expansion vision. we recommend a “Subscribe -Long term” rating to the IPO.

Click on the attachment to read the full IPO report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.