Sagility India Ltd Boosts Visibility with Rs 2,107 Crore IPO

Sagility India Ltd, a healthcare technology services provider, has announced its initial public offering (IPO) with a price band of Rs 28-30 per share. The IPO, exclusively an offer for sale by promoter Sagility B V, aims to enhance market visibility and liquidity. The company also recently acquired BirchAI.

Sagility India Ltd, a leading technology-enabled services provider in the healthcare sector, has announced the pricing for its upcoming initial public offering (IPO). The price band is set at Rs 28-30 per share for the Rs 2,107 crore IPO, which is exclusively an offer for sale (OFS) by promoter Sagility B V.

The IPO will be open for public subscription from November 5 to November 7, and none of the proceeds will go to the company as it is solely an OFS. The share sale aims to leverage the advantages of stock market listing, boosting visibility, brand image, and liquidity for its shareholders.

In March 2024, the company expanded its tech-driven services by acquiring BirchAI, a firm specializing in generative AI technology. This strategic move is expected to enhance engagement and reduce operational costs for Sagility's clientele, which includes US health insurance payers and healthcare providers.

(With inputs from agencies.)