Skip to content

Sagility India IPO Details: Launch Date, Share Price, Size & Review

Sagility-India-IPO-Details-Launch-Date-Share-Price-Size-&-Review

Sagility India Limited – About the Company

The company, incorporated in 2000, is a healthcare-focused solutions and services provider that supports payers and providers' core business operations. They offer services such as claims management, payment integrity, clinical management, and revenue cycle management. They processed 105 million claims and handled over 75 million member and provider interactions in 2024. The company also provides clinical management services, including chronic and complex case management, utilization management, and population health management. They also offer a 24-x7 nurse helpline for elderly care and assist payers in onboarding new providers.

Sagility India Limited IPO Objectives

The objects of the offer carry out the offer for sale of up to 984,460,377 Equity Shares by the Promoter Selling Shareholder. The company will not receive any proceeds from the Offer.

Sagility India Limited IPO Details:

IPO Open Date Not announced
IPO Close Date Not announced
Basis of Allotment Not announced
Listing Date Not announced
Face Value Not announced
Price Not announced
Lot Size Not announced
Total Issue Size Up to 984,460,377 Equity Shares
Aggregating up to ₹[●] million
Fresh Issue Not announced
Not announced
Offer For Sale Up to 984,460,377 Equity Shares
Aggregating up to ₹ [●] million
Issue Type Book Built Issue IPO
Listing At BSE & NSE
QIB Shares Offered Not less than 75% of the Net Issue
Retail Shares Offered Not more than 10% of the Net Issue
NII (HNI) Shares Offered Not more than 15% of the Net Issue

 

Sagility India Limited IPO Issue Price & Size

The Sagility India Limited IPO Issue Price will be in the range of Rs XXXX to Rs XXXX. Anyone looking to invest in Sagility India Limited through IPO can bid within these price ranges. The Sagility India Limited IPO issue Size would be around Rs 2500 crore and will be purely an offer for sale by existing shareholders.

Sagility India Limited IPO Launch Date

The IPO of this company is launching on (XXXX), hence the opening date for bidding is (Open Date) and the IPO is closing on (Closing Date). Investors can bid in this IPO between these days during the primary market hours.

 

Sagility India Limited Financial Statements:

Particulars FY24 FY23 FY22
Revenue from operations 47535.57 42184.08 9234.07
Other income 279.47 176.52 209.87
Total income 47815.04 42360.6 9443.94
Expenses
Employee benefits expense 29376.44 24942.01 5057.13
Other expenses 7276.23 6969.95 2281.09
Total expenses 36654.67 31911.96 7338.22
Earnings before interest expense, taxes,

 depreciation and amortisation

11160.37 10448.64 2105.72
Finance costs 1851.45 2148.49 652.16
Depreciation and amortisation expenses 6892.11 6443.38 1472.1
Profit/ (Loss) for the year / period 2404.69 3764.41 354.92
Basis EPS 0.53 0.33 -0.05
Diluted EPS 0.53 0.33 -0.05

 

Particulars of financial KPI FY24 FY23 For period beginning July

2021 to March 2022

Revenue from Operations (₹ million) 47535.57 42184.08 9234.07
Revenue by Vertical split:
By Payer 42904.18 38254.26 8447.42
By Provider 4631.39 3929.82 786.65
Growth in revenue from operations % 12.69% Not

meaningful

N/A
Restated profit/(loss) before tax 2416.81 1856.77 -18.54
Restated profit/(loss) before tax margin (%) 5.08% 4.40% -0.20%
Restated profit/(loss) for the year / period 2282.66 1435.72 -46.71
Restated profit/(loss) margin (%) 4.80% 3.40% -0.51%
EBITDA (₹ million) 11160.37 10448.64 2105.72
EBITDA margin (%) 23.48% 24.77% 22.80%
Adjusted EBITDA (₹ million) 11.714 10448.64 2105.72
Adjusted EBITDA margin (% 24.64% 24.77% 22.80%
Adjusted PAT (₹ million) 5895.58 4555.93 661.75
Adjusted PAT margin (%) 12.40% 10.80% 7.17%

 

Promoters & Shareholding: Sagility India Limited IPO

There are two promoters of the company and promoters hold 100% of the paid up capital of the company.

  • Sagility B.V.
  • Sagility Holdings B.V.
Name of the Selling Shareholder Number of Equity Shares proposed to be offered for sale
Sagility B.V. Up to 984,460,377

 

Why Invest in Sagility India Limited IPO?

Leader in U.S. Payer and Provider solutions market

The U.S. healthcare market is expected to grow due to factors such as an aging population and chronic diseases. The market is expected to grow at a CAGR of 8.7%, with the payer outsourcing market forecasting a 7.0% CAGR from 2023 to 2028. The provider operations outsourcing market is expected to grow at a CAGR of 12.5%. The growth in the U.S. healthcare services market, outsourcing trends driven by technological developments, and the non-discretionary nature of services drive growth in the business.

Domain expertise in healthcare operations

With the team of 1,687 healthcare professionals, the company offers services to Payer and Provider clients, focusing on end-to-end front and back-office healthcare services. Their expertise in the U.S. healthcare industry allows them to navigate complex services, compliance requirements, and payment workflows. They have extensive experience in nursing, medical coding, physical therapy, dentistry, pharmacy, occupational therapy, microbiology, or laboratory science.

domain-expertise-in-healthcare-operations

Proprietary tools and platforms

The company has developed a suite of proprietary tools and platforms to support its Payer clients' operations and healthcare Provider clients' revenue cycle management functions. These tools include cloud-hosted platforms for clinical and non-clinical employees, RCM workflow tools, intelligent intake and content processing, analytics, speech processing and interaction analytics, automation, and Gen AI.

The company uses reusable and reconfigurable components to build new tools based on clients' unique requirements and integrates with third-party platforms.

Deep client relationships

As of FY24, five largest client groups had an average tenure of 17 years with the business. Companies clients are payers and providers based in the U.S. The company serves five of the top 10 payers by enrollment in January 2024. They also serve one of the largest U.S.-based hospital networks, three of the top 6 PBMs by claims volume, and other large diagnostic laboratories, hospitals, DMEs, and radiology companies. They have expanded our business to newer clients, adding 13 and 7 new clients in the FY 2024 and 2023.

Metric FY24 FY23 FY22
Total number of client groups* 44 35 31
Number of New Client Additions 13 7 N/A
Number of clients contributing to more than

US$20 million in revenues

5 4 3
Number of clients contributing to US$5 million

– US$20 million in revenues

7 7 Nil
Number of clients contributing to US$1 million

– US$5 million in revenues

12 12 10
Less than US$1 million in revenues 20 12 18

 

Risk factors

Business concentration

The demand for company services and all of its revenues comes from U.S. healthcare industry. Economic factors, disposable income and industry trends impact its business, such as reduced government healthcare spending, people budgetary pressure, and reduced demand for non-urgent services. Changes in regulations, such as annual Medicaid eligibility reviews, can also impact its business. Moreover outsourcing services or in-house talent and cost reduction, can lead to clients changing their engagements.

Employee expenses

Employee’s benefits which include salaries, bonuses, allowances, etc makes up major pie of the expenses. These expenses may increase due to factors such as inflation, minimum wage increases, social security measures, competition for talent and most importantly demand for skilled workforce. If the cost keeps on increasing and the company is not able to pass on to clients then it may affect their financials directly.

Particulars FY24 FY23 From July 28, 2021

– March 31, 202

Amount As a % of Rev from Ops Amount As a % of Rev from Ops Amount As a % of Rev from Ops
Employee benefits expenses 29376.44 61.80% 24942.01 59.13% 5057.13 54.77%

 

Revenue concentration

As can be seen from the below, company derives healthy portion of its revenue from top 3 clients and approx 80% of the revenue from top 5 clients. Although the share of these groups has declined over the years but remains concentrated. Any downsizing by key clients' could affect their business directly, deteriorating financial conditions.

Particulars FY24 FY23 For the period July 28, 2021 – March 31, 202
Amount % of Rev from Ops Amount % of Rev from Ops Amount % of Rev from Ops
Revenues from 3

largest client groups

32476.84 68.32% 30536.72 72.39% 7031.58 76.15%
Revenues from 5

largest client groups

37627.68 79.16% 33981.79 80.56% 7660.48 82.96%
Revenues from 10 largest client groups 43451.78 91.41% 38251.61 90.68% 8490.73 91.95%

 

Anti-outsourcing legislation

Some states in USA have passed legislation restricting state government entities from outsourcing certain work to service providers. If the law is enacted, these measures could broaden restrictions on outsourcing, potentially impacting customer service and business results.

Sagility India Limited Grey Market premium

The Sagility India Limited IPO GMP is not yet known as the IPO price is not disclosed. Once the IPO is open, the price will be disclosed and as per the demand and supply of the share price in the open market, the Sagility India Limited IPO GMP will be known. If the IPO price is undervalued, less GMP and as per the valuation of the stock overvalued there is less chance for higher GMP.

How to Apply for Sagility India Limited IPO?

If you have a share trading and demat account at Moneysukh, you can easily apply for the Sagility India Limited IPO. Just follow the steps given below.

Step 1: Once Sagility India Limited IPO opens you can apply online.

Step 2: Browse at trade.moneysukh.com and log in with your Moneysukh User ID & password.

Step 3: Now you have to visit the IPO section and select Sagility India Limited IPO.

Step 4: Here just fill in the required such as bidding price, quantity or lot and so on.

Step 5: Now you have to make the payment and your IPO application is successful.

How to Check Sagility India Limited IPO Allotment Status?

Just like applying, checking the Sagility India Limited IPO Allotment Status is also very easy and hassle-free through Moneysukh online platform. You have to just wait till the IPO is closed and the allotment is finalized. If you have been allotted any share it will be transferred into your demat account that you can sell after listing of the shares on the NSE or BSE stock exchanges.

Also Read: How to Increase the Chances of IPO Allotment

However, if IPO is oversubscribed and unfortunately if you have not been allotted any share, your IPO application money will be returned to your bank account or linked account where you have allocated the fund while applying for the Sagility India Limited IPO.

Also Read: How to check IPO allotment status on NSE, BSE through Moneysukh

IPO

    20

    Per order + Get Instant Pledge Benefits* + Zero delivery Brokerage

    10

    Per order only (No hidden charges)

    Open FREE Demat Account in less than 10 minutes (Commodity & Currency)

    20

    Per order + Get Instant Pledge Benefits* + Zero delivery Brokerage

    10

    Per order only (No hidden charges)

    Open FREE Demat Account in less than 10 minutes

    20

    Per order + Get Instant Pledge Benefits* + Zero delivery Brokerage

    10

    Per order only (No hidden charges)

    Related Posts

    zinka-Logistics-Solutions-IPO-Details-Launch-Date-Share-Price-Size-&-Review
    Business profile of the Zinka Logistics Solutions Limited India's largest digital platform for truck operators,...
    Acme-Solar-Holdings-IPO-Details-Launch-Date-Share-Price-Size-&-Review
    Business profile of the Acme Solar Holdings The ACME Group, a leading Indian renewable energy...
    Niva-Bupa-Health-Insurance-Company-IPO-Details-Launch-Date-Share-Price-Size-&-Review
    Niva Bupa Health Insurance Company limited – about the company Niva Bupa is India's largest...