Sagility India IPO subscribed 2.81 times

7 Nov 2024 , 03:31 PM

As of today, Thursday, November 7, Sagility India Ltd.’s IPO subscription period is coming to a conclusion. Retail investors and employees have shown a great deal of interest in the offering thus far, although non-institutional investors and Qualified Institutional Buyers have shown comparatively little interest.

As of 3:30 pm, The issue was completely subscribed with an oversubscription rate of 2.81 times. Because of its appealing pricing, market commentators have given a positive opinion of the Sagility India IPO.

On Thursday, the last day of bidding for Sagility India’s IPO, a 2.81 times subscription rate was recorded. The retail individual investor (RII) portion had a 3.73-fold subscription rate, while the non-institutional investor portion had a 1.61 times subscription rate. A 3.12 times subscription rate was recorded by the qualified institutional buyers (QIBs) segment. 3.47 times as many people subscribed to the employee part.

On Monday, Sagility India Ltd declared that it has obtained over ₹945 crore from key investors. The price range for the public offering, which started on Tuesday, November 5, is ₹28–30 per share.

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