Sagility India IPO Opens Right now: Examine Newest GMP, Value Band, Key Dates And Different Particulars

Sagility India has introduced an Preliminary Public Providing (IPO) of Rs 2,106.6 crore. The IPO is fully a proposal on the market, with 70.22 crore shares from the Promoter Promoting Shareholder.

On the time of submitting, the IPO had been subscribed 0.18 occasions, with respectable demand within the retail market at 0.89 occasions. Institutional classes, however, had solely reasonable exercise, with a Non-Institutional Investor (NII) subscription price of 0.05 occasions.

Sagility India IPO Subscription Window

The IPO opened for subscription on November 5 and it’ll finish on November 7, 2024.

Sagility India IPO Value Band

The pricing band for the Sagility India IPO is Rs 28 to Rs 30 per share. Traders can apply in plenty of 500 shares, with a minimal retail funding of Rs 15,000. For the small NII (sNII) class, the minimal lot measurement is 7,000 shares (14 heaps) at Rs 210,000, whereas for the massive NII (bNII) class, it’s 33,500 shares (67 heaps) value Rs 1,005,000. The problem features a 1.9 million-share reservation for employees at a reduction of Rs 2 per share from the problem value.

Sagility India IPO Allotment And Itemizing Date

The allotment for the Sagility India IPO is predicted to be on November 8, with shares set to record on the BSE and NSE on November 12, 2024.

Sagility India IPO GMP

As per a number of web sites that monitor the gray market premium actions, the shares of Sagility India IPO are buying and selling flat within the unlisted market

The first aims of the provide are to realize some great benefits of itemizing on the inventory exchanges and facilitate the Provide for Sale of the promoter-held fairness shares, every with a face worth of Rs 10.

(Disclaimer: The above article is supposed for informational functions solely, and shouldn’t be thought-about as any funding recommendation. Occasions Now Digital suggests its readers/viewers to seek the advice of their monetary advisors earlier than making any cash associated selections.)