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Sagility India IPO Listing: After the IPO, Sagility India was listed in the stock market on Tuesday. Its shares have been listed on BSE and NSE. Sagility India has started with a little profit. As against the issue price of Rs 30 fixed in the IPO, its shares have been listed at Rs 31.06 on BSE . That is, on the listing, the investors got a return of Rs 1.06 per share or 3.53 percent. At the price of Rs 31.06, the market capital of the company is Rs 14,540.21 crore. On NSE also, the company's shares have been listed at a premium of Rs 1.06 or 3.53 percent.
How was the IPO
Sagility India IPO, which was open for subscription from November 5 to November 7, did not receive much response from investors. According to NSE data, its IPO was subscribed 3.20 times overall.
The price band in the IPO was Rs 28-30, out of which the final price was Rs 30. The company raised Rs 2,106.60 crore from the IPO through a book-built issue, which entirely comprised an offer for sale of 70.22 crore equity shares.
How were the quarterly results?
Segility India reported a 47.5% year-on-year decline in its profit at Rs 22.3 crore for the quarter ended June 2024, driven mainly by low operating margins and higher tax burden.
For the full fiscal year 2024, Sagility's profit grew 59% to Rs 228.3 crore, supported by a reduction in finance costs and a rise in other income. However, operating margins remained under pressure.
Disclaimer: Here information is mainly given about an IPO listing, not investment advice. There is risk in the equity market, so invest at your own risk. Do take expert advice before investing.
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