Sagility India shares were listed on the exchanges on November 12 at a premium. On the NSE, the shares debuted at Rs 31.06, a healthy premium of 3.53 percent against the offer price of Rs 30.
The shares made a debut at a similar price of Rs 31.06 apiece on the BSE with a premium of 3.53 percent over its IPO price.
On the day of listing, shares of the company were commanding a GMP of 1 percent, however, the final listing was better than the grey market expectations.
Sagility India IPO had fetched 3.20 times subscription in its three-day window between November 5-7 at a price band of Rs 28-30 per share.
Sagility India shares may see flat listing on Nov 12 as market sentiment weighs post IPO
The Bengaluru-based company's entire proceeds from the public issue will go to the selling shareholders.
Prathamesh Masdekar, Research Analyst at StoxBox said, "We believe that Sagility India Ltd presents an investment opportunity from a medium—to long-term perspective. Therefore, we suggest that investors who have received shares consider maintaining their positions with this outlook in mind."
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.
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