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Investors subscribe Sagility India IPO 52% times offer size on day 2
The initial public offer of Sagility India Ltd, a technology-enabled services provider in the healthcare space, received a 52 per cent subscription on day two of bidding on Wednesday.
The initial share sale received bids for 20,09,58,500 shares against 38,70,64,594 shares on offer, as per NSE data.
The portion for retail individual investors (RIIs) fetched 2.24 times subscription while the quota for non-institutional investors got subscribed 24 per cent. The qualified institutional buyers (QIBs) part received a 7 per cent subscription.
Sagility India Ltd on Monday said it has mobilised over Rs 945 crore from anchor investors.
The issue, with a price band of Rs 28-30 per share, will remain open for public subscription until November 7.
The Bengaluru-based company's IPO is 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. Promoter Sagility BV is selling its stake through the OFS.
The entire proceeds from the public is
