Adani Properties IPO: While promoters raise quite money during the IPO but this company has made 366 crores from 9 investors which includes Adani properties, Elpro, Avendus 360 ONE ahead its IPO.
Company is looking positively towards this is step and communicating their ability to expand and perform for its shareholders from this capital the analyst has been waiting for the outlook of market towards the IPO as it is crucial that the following step if not positively shouldn’t impact negatively to IPO and can be considered as saving step for the companies capital isn’t raised as much as expected
Company which made 366 crores for promoters ahead of its IPO
The company which made 366 crores just ahead of their IPO listing is Bangalore biggest health cares service provider called Sagility India which plans to rays 2107 crores from IPO listing, however ahead of their IPO listing, they have done something non traditional in the market.
They haven’t waited for IPO results, and have raised 366 crores through and unconventional way ahead of its IPO.
How did Sagility manage to raise 366 crores ?
Sagility BV and affiliate of global investment form EQT private Capital Asia has managed to raise 366 crores by selling its 2.61% stake in 9 institutional investors.
Why Sagility India IPO is unique?
Sagility India, have plan to raise 2107 crores through the IPO, they retail investors can buy as little as 15000 per lot while large non institutional investors have to go up at least 210000 for 14 lots.
It is also interesting to notice that 75% of the issue reserved for institutional buyers, only 10% will be available for retail participants and 15% to non institutional investors.
Because of all the parameters the market isn’t having a positive Outlook towards Sagility India IPO.
Details which can avoid your loss in Sagility India IPO
Sagility India financial currently is giving somewhat mix responses to investors, as revenue at the end of June quarter was 1247 crore which reduced to 22.29 crore profit after tax while it is a revenue increase of 12% in FY 24 along with 59% surge in profit, it shows struggle of the company towards the market.
Despite being no direct competitors in Indian market, Sagility India is facing step competition on global level from CorroHealth and Shearwater Health along with the IT giant such as Accenture. Moreover this has makes the confidence of investors towards Sagility India IPO some what volatile.
As of now the IPO is expected to close on November 7 and shares scheduling for listing on NSE and BSE on November 12.
All in all, Sagility India have manage to raise around 600 crores by selling approximately 2% of their states to 9 institutional investors, while Sagility India is expecting a positive Outlook of the move towards IPO as well as towards market but investors and analyst has been waiting for result of IPO before saying anything crucial.
Adani Properties IPO
Elpro
