Sagility India IPO
Sagility India Limited (SAGILITY) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 12 November 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +0.7% (likely range -6% to +17%), day's high +13.8%, chance of a gain 51%. Actual: +3.5% at the open, +9.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 21,00,89,779 | 73,86,82,000 | 3.52x | |
| NII (HNI) total | 10,50,44,889 | 20,27,02,500 | 1.93x | |
| Big NII (above ₹10 lakh) | 7,00,29,926 | 11,84,50,500 | 1.69x | |
| Small NII (₹2-10 lakh) | 3,50,14,963 | 8,42,52,000 | 2.41x | |
| Retail | 7,00,29,926 | 29,15,02,500 | 4.16x | |
| Employees | 19,00,000 | 71,30,000 | 3.75x | |
| Total | 38,70,64,594 | 1,24,00,17,000 | 3.20x |
Bids on NSE and BSE together, as published by NSE, as of 07 Nov 2024, 07:00 PM. Shares offered exclude the anchor portion. 21% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Sagility India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Krishna Institute of Medical SciencesJun 2021 | 5.26x | 1.89x | 2.89x | 3.86x | ₹2,145 Cr | +22.3% | +28.4% |
| UTI Asset Management CompanyOct 2020 | 3.34x | 0.93x | 2.32x | 2.31x | ₹2,160 Cr | -9.8% | -4.3% |
| Craftsman AutomationMar 2021 | 5.21x | 2.84x | 3.43x | 3.81x | ₹824 Cr | -8.8% | 0.0% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| Ola Electric MobilityAug 2024 | 5.31x | 2.40x | 3.92x | 4.27x | ₹6,411 Cr | 0.0% | +20.0% |
| Fedbank Financial ServicesNov 2023 | 3.51x | 1.45x | 1.82x | 2.20x | ₹1,105 Cr | -1.4% | +5.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| IIFL Securities | 94 | +19.3% | 71% |
| Jefferies India | 26 | +19.5% | 81% |
| and J.P. Morgan India | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Sagility India IPO price band and lot size? ₹28.0–30.0 per share, with a lot of 500 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 3.20x overall: QIB 3.52x, NII 1.93x, retail 4.16x, employees 3.75x.
How did it list? It opened at ₹31.1, +3.5% against the issue price of ₹30.0, and closed its first day -2.3%.
