Sagility India shares list at 3.5% premium over IPO price
Sagility India’s shares made a modest debut on the stock exchanges on Tuesday, listing at Rs 31.06 on both the NSE and BSE, marking a 3.5% premium over the issue price of Rs 30 per share.
The initial public offering (IPO), worth Rs 2,106.60 crore, was open for subscription from November 5 to November 7, with a price band set between Rs 28-30 per share.
The Sagility IPO saw robust demand, closing with 3.2 times subscriptions. It received bids for 123.99 crore shares against the 38.7 crore shares available. The retail investor segment was booked 4.16 times, non-institutional investors (NII) subscribed at 1.93 times, and qualified institutional buyers (QIB) at 3.52 times. Additionally, the employee quota received 3.75 times bids.
