Sagility India Ltd on Tuesday listed on stock exchanges at Rs 30.06 per shares, which is 3.53 per cent premium against the issue price of Rs 30 apiece.
Sagility India IPO Listing: Sagility India Ltd on Tuesday listed on stock exchanges at Rs 30.06 per shares, which is 3.53 per cent premium against the issue price of Rs 30 apiece. However, the shares jumped further to hit Rs 31.8 apiece on the BSE and are trading higher.
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The IPO was opened between November 5 and November 7, and received an overall 3.2 times subscription.
“Sagility India made a decent debut on the stock market, listing at Rs 31.06 per share, a 3.53% gain over its issue price of Rs 30. While the IPO received a moderate subscription of 3.2 times, the listing performance is considered positive given the company’s specific focus on the US healthcare market, which is subject to various regulatory and economic factors,” Shivani Nyati, head of wealth at Swastika Investmart, said.
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However, investors should remain cautious. The company’s reliance on a single market and the potential impact of US policy changes could pose risks. Additionally, the high valuation and the nature of the IPO as a complete offer for sale (OFS) may limit upside potential, she added.
“Investors who participated in the IPO may consider holding their shares by keeping a stoploss around 28, but closely monitoring the company’s performance and market dynamics is crucial,” Nyati said.
The Bengaluru-based Sagility India’s IPO was entirely an offer for sale (OFS) of 70.22 crore shares, by promoter Sagility B V, worth Rs 2,106.60 crore at the upper end of the price band.
