Sagility India IPO: Listing Makes A Muted Debut, Check Share Price Today

The firm’s shares began trading at Rs 31.06 on the BSE, in comparison to the IPO allotment price of Rs 30. This reflected a premium of 3.53 per cent against the issue price

Sagility India’s maiden listing made its debut in the stock market on Tuesday. The company’s shares started trading on a muted note, following the trend indicated via the Grey Market Premium (GMP).

The firm’s shares began trading at Rs 31.06 on the BSE, in comparison to the IPO allotment price of Rs 30. This reflected a premium of 3.53 per cent against the issue price. On the NSE, Sagility India started their trading at Rs 31.06 apiece as well.

In the grey market, the company’s shares were trading at a premium of Rs 0.30 against the upper end of the IPO price, indicating a grey market premium (GMP) of 1 per cent prior to the listing. The company’s maiden issue received 3.2 times subscriptions, while experts found the listing performance to be positive, reported Business Standard. 

Shivani Nyati, Head of Wealth, Swastika Investmart, suggested that investors should remain cautious. “The company's reliance on a single market and the potential impact of US policy changes could pose risks. Additionally, the high valuation and the nature of the IPO as a complete offer for sale (OFS) may limit upside potential,” the expert noted.

As of 12:59 PM, the company's shares slid over 2 per cent and traded at Rs 30.34 apiece on the BSE. 

The analyst said that investors who participated in the issue might want to hold the issue, however, they should also closely monitor the firm’s performance.

The subscription window for the maiden listing worth Rs 2,106.60 crore lasted for three days and received average participation from investors. The issue received bids for 1,24,00,17,000 shares as against 38,70,64,594 shares on offer and investors oversubscribed the issue by 3.20 times.

 The issue was priced in the range of Rs 28-30 with a lot size of 500 shares. Retail investors placed 4.16 times bids for the issue, while qualified institutional buyers (QIBs) subscribed 3.52 times. The portion set aside for employees received 3.75 times bids by the last subscription day. The allotment of the listing was finalised on November 8, 2024.