Sagility India IPO details. Date, Price, GMP, Review

Sagility India IPO

Sagility India IPO details Today : Sagility India IPO details Today is Open on [.] 2024 and Close on [.] 2024. Sagility India IPO to Raise [.] shares (Approx ₹[.] Cr) via IPO. The Fresh issue of [.] shares (Approx ₹[.] Cr). 

We are a technology-enabled, pure-play healthcare focused solutions and services provider to Payers (U.S. health insurance companies, which finance and reimburse the cost of health services), and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies). We support the core business operations of both Payer and Provider clients.

Our services to Payers encompass the entire spectrum of their operations, including core benefits administration functions and clinical services. These services include claims management, payment integrity, clinical management, and other services. To Providers, we provide revenue cycle management services which help them manage their billings and claim the cost of treatment from Payers. 

We also provide some of the services that we provide to Payers to pharmacy benefit managers (“PBMs”) that manage prescription drugs for Members under health insurance plans. We deliver these services leveraging our tools and platforms, as needed, through our capable talent pool from our five global service delivery locations in India, the Philippines, the U.S., Jamaica and Colombia.

We have been recognized for the quality and scale of our services by industry specialists. We were ranked as a Leader by Avasant in their Clinical Services Business Process Transformation RadarView report 2023 and as a Leader in Everest’s Healthcare Payer Operations PEAK Matrix Assessment 2023. Our Predecessor Company commenced providing services to Payer clients in 2000 and gradually increased the scope of services provided to Payers and Providers, and the number of its clients, through organic and inorganic growth.

Our Company was incorporated on July 28, 2021 and acquired the healthcare services business (the “Business”) of our Predecessor Company on January 6, 2022.Subsequently, our Company acquired the Subsidiaries in March 2024. For further details, see “History and Certain Corporate Matters” on page 174. All of our clients are located in the U.S. As of March 31, 2024, our five largest client groupshad an average tenure of 17 years with the Business. As of January 2024, we served five of the top 10 Payers by enrolment in the U.S. during the Financial Year 2024 and 2023, we have added 20 new clients.

Object of the Issue

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
  2. Carry out the Offer for Sale of up to 984,460,377 Equity Shares of face value of ₹ 10eachby the Promoter Selling Shareholder.

Our Company Promoters

  1. Sagility B.V.
  2. Sagility Holdings B.V.

Qualitative Factors

  • Leadership position in the large and resilient U.S. Payer and Provider solutions market.
  • Domain expertise in healthcare operations, with end-to-end service offerings to Payers and Providers.
  • Suite of scalable, technology-enabled services and solutions, supported by proprietary tools and platforms.
  • Deep, long-term, expanding client relationships across healthcare Payers and Providers.
  • Multi-shore, scalable and flexible delivery model with certified data protection and service standards.
  • Experienced management and board, motivated employee base, marquee sponsor support and a sustainability focused culture.

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Sagility India Company Contact Details

No. 23 & 24, AMR Tech Park,
Building 2A, First Floor,
Hongasandara Village,Off Hosur Road,
Bommanahalli, Bengaluru 560068,
Karnataka, India
Contact Person: SatishKumar Sakharayapattana Seetharamaiah
Email: investorservice@sagilityhealth.com
Tel: +91-80-7125 1500
Website: www.sagilityhealth.com

Sagility India IPO Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1stFloor, 247 Park
L.B.S. Marg
Vikhroli West
Mumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: sagility.ipo@linkintime.co.in
Investor grievance e-mail: sagility.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan

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