Sagility India IPO GMP: Sagility India Limited's initial public offering (IPO) will open for public bidding on Tuesday, November 5, and close on Thursday, November 7. Sagility's Indian arm has fixed the price band at ₹ 28 to ₹ 30 per share.

Healthcare-focused service providers focused on US health insurance companies (payers) for financing and reimbursement of the cost of healthcare services. The company also provides services to providers such as hospitals, physicians, and diagnostic and medical device companies.

Segility India IPO - 10 things to know as an investor

1. Segility India IPO Issue Size: The Bengaluru-based healthcare services provider aims to raise ₹2,106.60 crore through an offer for sale (OFS) of equity shares with a face value of ₹10 per share.

2. Sagility India IPO Issue Date: Sagility India IPO Issue Date

The initial public offering will open for public subscription on Tuesday, November 5, and close on Thursday, November 7.

3. Sagility India IPO Price Band: Sagility India IPO Price Band

The company fixed its price band at ₹ 28 to ₹ 30 per equity share.

4. Sagility India IPO Listing Date: Sagility India IPO Listing Date

The initial public offering is expected to be listed on the BSE and NSE stock exchanges on Tuesday, November 12.

5. Segility India IPO Anchor Round: The anchor round for the public issue will be held on Monday, November 4.

6. Segility India IPO Basis of Allotment: The offer for public issue comprises an offer for sale (OFS) component for up to 70.22 crore equity shares. This entire equity share segment will be offered by its Netherlands-based promoter, Segility BV.

7. Sagility India IPO Reservation: As per the company's red herring prospectus, up to 75 percent of the net offer will be allocated to qualified institutional buyers (QIBs) on a proportionate basis. Out of this, the company may allocate up to 60 percent of the QIB portion to anchor investors.

In addition, 5 percent of the Net QIB portion will be available for allocation to mutual funds. Over 15 percent of the Net Offer will be for non-institutional investors (NIIs) and 10 percent for retail investors.

8. Segility India IPO Proceeds: The proceeds from the public offering will go to the promoter selling shareholding i.e. Segility BV and the company will not receive any funds from the public issue.

9. Sagility India IPO GMP: The grey market premium (GMP) for the IPO as of November 3 is ₹ 3. According to Investorgain.com, with an upper price band of ₹ 30, the public issue is estimated to list at ₹ 33.

Grey market premium is the amount an investor is willing to pay more for a public issue.

10. Merchant Bankers and Registrars of Sagility India IPO: ICICI Securities, IIFL Securities, Jefferies India Private Limited, and JP Morgan India Private Limited are the book-runners. Link Intime India is the registrar of the public issue.

Adani Properties also bought shares of Sagility.

Sagility BV, a subsidiary of EQT Private Capital Asia, has raised Rs 366 crore by selling a 2.61 percent stake in Sagility India to nine institutional investors, days ahead of the company's upcoming IPO. According to a recent HT report, Sagility India confirmed that on October 30 and 31, Sagility BV sold 12.2 crore shares at Rs 30 per share in a pre-IPO transaction with investors such as 360 One and Avendus Future Leaders Fund II, raising Rs 366 crore. Gautam Adani-owned Adani Properties also bought shares, purchasing a 0.14 percent stake for Rs 20 crore.