Sagility India IPO Subscription Details on Day 3

7 Nov 2024 , 01:44 PM

Sagility India Limited’s IPO opened for public subscription on 5th November 2024 and will remain available for bidding until today, 7th November 2024. The price band for the IPO is set at ₹28 to ₹30 per share, allowing investors to bid within this range.

The company aims to raise ₹2,106.60 crore through this IPO, which is an offer for sale (OFS). This means that all proceeds from the IPO will go to the promoters selling their shares, rather than to the company itself.

By Day 3 of bidding, the IPO had reached 1.99 times overall subscription, with the retail portion subscribed 3.21 times and the NII (Non-Institutional Investors) portion subscribed 0.73 times.

Investors can apply for shares in lots of 500. This means each application needs to be made for a minimum of 500 shares and in multiples thereof.

The likely date for share allotment is Friday, 8th November 2024, following the close of the IPO subscription. Sagility India shares are proposed to be listed on the BSE and NSE, with the expected listing date on 12th November 2024.

Link Intime India Private Limited is appointed as the official registrar for the IPO, handling the share allotment process. The IPO is led by ICICI Securities, IIFL Capital Services, Jefferies India, and JP Morgan India, who have been appointed as the lead managers for this public offering.