Sagility India Limited IPO has opened. The initial offering of shares worth Rs 2,106 crore has been subscribed 0.26 times till 10:06 am on the second day of bidding. The book building offer was subscribed 22% on the first day. The entire IPO is an offer for sale. The company has fixed the price band for this at Rs 28-30 per share.

The minimum application lot size for this IPO is 500 shares. According to Chittorgarh-based unit InvestorGain, the grey market premium of Sagility India was Rs 0 as of 07:53 am, which means there is no gain on the IPO price. The company has raised Rs 945.4 crore from anchor investors on Monday ahead of its initial public offering. The company has allotted 31.51 crore shares to 52 anchor investors at Rs 30 per share.

Full details related to IPO Issue Open: 05 November Issue Close: 07 November Issue Price: Rs 28-30 per share Offer for Sale: Rs 2,106 crore Total Issue Size: Rs 2,106 crore Business Overview Sagility India provides technology-enabled business solutions and services to customers in the US healthcare care industry. The company was incorporated on July 28, 2021. It acquired the healthcare business of the older company on January 6, 2022, the day it commenced commercial operations. Segility India's customers include payers (US health insurance companies that finance and reimburse the cost of healthcare services) and providers (primarily hospitals, doctors, and clinical and medical tool companies). The services offered to 'payers' cover their core benefits administration functions such as claims management, enrollment, benefit plan creation, premium billing, credential and provider data management, and clinical functions such as utilization management, care management, and population health management.