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The archetypal stock merchantability of Sagility India Ltd, a technology-enabled services supplier successful the healthcare space, fetched 3.20 times subscription connected the closing time of bidding connected Thursday.
The archetypal nationalist offering (IPO) got bids for 123,99,75,500 shares against 38,70,64,594 shares connected offer, according to NSE data.
The information for Retail Individual Investors (RIIs) mopped up 4.16 times subscription portion the class for Qualified Institutional Buyers (QIBs) got subscribed 3.52 times. The non-institutional investors portion received 1.93 times subscription.
Sagility India Ltd connected Monday said it has mobilised implicit Rs 945 crore from anchor investors.
The contented has a terms set of Rs 28-30 per share.
The Bengaluru-based company's IPO is wholly an connection for merchantability (OFS) of 70.22 crore shares worthy Rs 2,106.60 crore astatine the precocious extremity of the terms band.
The full proceeds from the nationalist contented volition spell to the selling shareholders.
In March 2024, Sagility acquired BirchAI, a healthcare exertion steadfast specialising successful cloud-based generative AI technology.
This acquisition is expected to heighten subordinate and supplier engagement and trim clients' operational costs done AI-powered lawsuit enactment solutions utilizing speech-to-text and ample connection models (LLMs) integrated with Sagility's engagement solutions.
ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India are the book-running pb managers to the issue.
The company's equity shares are projected to beryllium listed connected the BSE and the NSE.
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