Sagility India’s initial public offering (IPO) recently concluded with significant investor interest, raising ₹2,107 crore through a book-built issue. With a price band of ₹28 to ₹30 per share, the IPO was entirely an offer for sale (OFS) of 70.22 crore shares. The issue saw a strong response from retail investors, leading to a total subscription of 3.2 times. Here’s a comprehensive look at the IPO allotment process, grey market premium, and how to check your allotment status.
Subscription Details
The Sagility India IPO received a healthy response, especially from retail investors who oversubscribed their portion by 4.16 times. Here’s a breakdown of the final subscription numbers:
Investor Segment | Subscription Rate |
---|---|
Retail Investors | 4.16 times |
Non-Institutional Investors (NII) | 1.93 times |
Qualified Institutional Buyers (QIB) | 3.52 times |
Overall Subscription | 3.2 times |
Retail investors were the most active participants, while non-institutional investors showed moderate interest. The QIB segment also demonstrated strong demand, highlighting confidence from large-scale investors.
Allotment and Listing Timeline
The share allotment for Sagility India’s IPO is expected to be finalized today, November 9. Successful bidders will see shares credited to their demat accounts by Monday, November 11, with refunds processed on the same day for unsuccessful applicants. The stock is set to debut on the BSE and NSE on Tuesday, November 12.
How to Check Sagility India IPO Allotment Status
Here’s how investors can check their allotment status online:
1. On Registrar’s Website (Link Intime):
- Step 1: Visit Link Intime’s IPO page.
- Step 2: Select ‘Sagility India IPO’ from the dropdown.
- Step 3: Choose your identification method: Application No., Demat Account, or PAN.
- Step 4: Select ASBA or non-ASBA application type.
- Step 5: Provide the necessary details and complete the captcha.
- Step 6: Click ‘Submit’ to view your status.
2. On BSE’s Website:
- Step 1: Visit the BSE allotment page.
- Step 2: Select ‘Equity’ and choose ‘Sagility India IPO.’
- Step 3: Enter your PAN or application number.
- Step 4: Verify with ‘I am not a robot’ and click ‘Submit.’
3. On NSE’s Website:
- Step 1: Go to the NSE allotment status page.
- Step 2: Register with PAN, log in, and check the status.
Grey Market Premium (GMP) Update
Sagility India’s IPO has shown a modest grey market premium (GMP) of ₹0.30. Given the upper price band of ₹30 per share, the expected listing price is ₹30.3, reflecting a 1% premium. This indicates steady but cautious interest from grey market participants.
Conclusion
Sagility India’s IPO received a strong response from retail investors, highlighting the potential value seen in the company’s shares. As the listing date approaches, all eyes are on the market debut to see how the stock performs.
Disclaimer: “This article is for informational purposes and should not be considered financial advice.”