Sagility India Limited IPO

Sagility India Limited, formerly known as Berkmeer India Private Limited, provides healthcare-focused solutions and services to Payers (US health insurers who fund and reimburse the cost of healthcare services) and Providers (primarily hospitals, physicians, diagnostics and medical technology companies). The company supports the core business of both payers and providers. Services to payers span their entire operational spectrum, including centralized claims administration and clinical services functions.

These include claims administration, payment integrity, clinical management and other services. For providers, the company offers revenue cycle management services to assist them in managing their billing and claiming treatment costs from payers. In addition, the Company also offers some of the services it provides to Payers to Pharmacy Benefit Managers (“PBMs”) who manage prescription drug coverage for members (i.e., insureds) under health benefit plans.

The company’s customers are all based in the USA. As of March 31, 2024, the Company’s five largest customer groups (i.e. the customer companies together with their subsidiaries) had an average tenure of service of 17 years. In January 2024, the company served five of the ten largest payers in the US (source: Everest Report). In addition, the company acquired 20 new customers in the financial years 2024 and 2023.

As of March 31, 2024, Sagility India had 35,044 employees, of which 60.52% were women. As of March 31, 2024, 1,687 of the employees held certifications, including 374 certified medical coders, 1,280 registered nurses in the US, Philippines and India, and 33 employees with other degrees such as dentistry, surgery and pharmacy.

Sagility India Limited Financial Information (Restated Consolidated)

Sagility India Limited’s revenue increased by 13% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets10,388.0110,664.210,590.4810,096.28
Revenue1,247.764,781.54,236.06944.39
Profit After Tax22.29228.27143.57-4.67
Net Worth7,608.166,443.136,206.674,026.62
Reserves and Surplus2,704.281,855.444,013.382,073.8
Total Borrowing943.911,933.522,347.944,239.23
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Sagility India IPO is Rs 14043.99 Cr.

KPI as of June 30, 2024.

KPIValues
Debt/Equity0.15
RoNW0.29
P/BV2
PAT Margin (%)1.82
 Pre IPOPost IPO
EPS (Rs) 0.490.49
P/E (x) 61.5261.52
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Sagility India IPO Objectives)

The objectives of the Offer are to:

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges, and
  2. Carry out the Offer for Sale of up to 702,199,262 Equity Shares of the face value of Rs. 10 each by the Promoter Selling Shareholder.

Sagility India IPO Details

IPO DateNovember 5, 2024 to November 7, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹28 to ₹30 per share
Lot Size500 Shares
Total Issue Size702,199,262 shares
(aggregating up to ₹2,106.60 Cr)
Offer for Sale702,199,262 shares of ₹10
(aggregating up to ₹2,106.60 Cr)
Employee DiscountRs 2 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue4,681,328,413
Share holding post issue4,681,328,413

Sagility India IPO Promoter Holding

Sagility B.V. and Sagility Holdings B.V. are the company's promoters.

Share Holding Pre Issue100%
Share Holding Post Issue 

SHARIAH SCREENING for - Sagility India Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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