Sagility India Shares Debut 3.53% Higher - IPO, Market Valuation
By Rediff Money Desk, New Delhi Nov 12, 2024 10:55
Sagility India Ltd., a healthcare technology services provider, listed on the BSE and NSE with a premium of 3.53%. The IPO fetched 3.20 times subscription and the company's market valuation stands at Rs 15,059.83 crore.
New Delhi, Nov 12 (PTI) Shares of Sagility India Ltd, a technology-enabled services provider in the healthcare space, on Tuesday listed with a premium of 3.53 per cent against the issue price of Rs 30.
The stock made its debut at Rs 31.06, up 3.53 per cent from the issue price on both the BSE and NSE. Later, it jumped 7.2 per cent to Rs 32.16 on the BSE.
The company's market valuation stood at Rs 15,059.83 crore.
The initial share sale of Sagility India Ltd fetched 3.20 times subscription on the closing day of bidding on Thursday.
The initial public offering (IPO) had a price band of Rs 28-30 per share.
The Bengaluru-based company's IPO was entirely an offer for sale (OFS) of 70.22 crore shares worth Rs 2,106.60 crore at the upper end of the price band.
In March 2024, Sagility acquired BirchAI, a healthcare technology firm specialising in cloud-based generative AI technology.
This acquisition is expected to enhance member and provider engagement and reduce clients' operational costs through AI-powered customer support solutions using speech-to-text and large language models (LLMs) integrated with Sagility's engagement solutions.
The stock made its debut at Rs 31.06, up 3.53 per cent from the issue price on both the BSE and NSE. Later, it jumped 7.2 per cent to Rs 32.16 on the BSE.
The company's market valuation stood at Rs 15,059.83 crore.
The initial share sale of Sagility India Ltd fetched 3.20 times subscription on the closing day of bidding on Thursday.
The initial public offering (IPO) had a price band of Rs 28-30 per share.
The Bengaluru-based company's IPO was entirely an offer for sale (OFS) of 70.22 crore shares worth Rs 2,106.60 crore at the upper end of the price band.
In March 2024, Sagility acquired BirchAI, a healthcare technology firm specialising in cloud-based generative AI technology.
This acquisition is expected to enhance member and provider engagement and reduce clients' operational costs through AI-powered customer support solutions using speech-to-text and large language models (LLMs) integrated with Sagility's engagement solutions.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.41 (+ 2.44)
- 60373413
- Evexia Lifecare
- 3.94 (+ 4.79)
- 20851315
- Standard Capital
- 0.99 ( 0.00)
- 17601948
- Filatex Fashions
- 1.00 (+ 3.09)
- 16435485
- Sunshine Capital
- 2.21 (+ 4.74)
- 16004940
MORE NEWS
Food Inflation Debate: EAC-PM Member Shah on...
Nilesh Shah, EAC-PM member, highlights the complexity of food inflation measurement,...
Brickwork Ratings Settles CRA Rule Violation...
Brickwork Ratings India has settled a case for alleged violation of Credit Rating...
Aaradhya Disposal Industries IPO: Rs 180 cr...
Aaradhya Disposal Industries, a paper product manufacturer, plans an IPO to fuel its...