Segility India Limited made its debut in the stock market on November 12, 2024. The company’s shares were listed at ₹31.06 on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), reflecting a 3.53% rise from the issue price of ₹30. This initial public offering (IPO) had a strong response from investors, with significant subscription figures across different categories.
IPO Subscription: A Strong Investor Response
The Segility India IPO was open for bidding from November 5 to November 7, 2024. The IPO saw an overwhelming response and was subscribed 3.20 times overall. Breaking it down:
- Retail Investors: Subscribed 4.16 times.
- Qualified Institutional Buyers (QIB): Subscribed 3.52 times.
- Non-Institutional Investors (NII): Subscribed 1.93 times.
The positive market response helped Segility India secure its position in the stock market with strong listing gains.
IPO Details: ₹2,106.60 Crore Offering
The Segility India IPO was valued at ₹2,106.60 crores. However, it was an Offer for Sale (OFS), meaning no fresh shares were issued by the company. Instead, the existing shareholders sold a total of 702,199,262 shares worth ₹2,106.60 crores. This allows the investors to exit partially, while the company doesn’t receive any fresh capital from the IPO.
IPO Price Band: ₹28 to ₹30 per Share
The Segility India IPO had a price band set between ₹28 and ₹30 per share. Retail investors had the option to bid for a minimum of 500 shares, which was the equivalent of one lot. For those bidding at the upper price band of ₹30 per share, the total cost for one lot (500 shares) would be ₹15,000. Retail investors could also apply for a maximum of 13 lots, or 6,500 shares, which would require an investment of ₹1,95,000 at the upper price band.
IPO Allocation: How the Shares Were Divided
The IPO had specific allocations for different types of investors:
- 75% of the issue was reserved for Qualified Institutional Buyers (QIB).
- 10% of the issue was set aside for Retail Investors.
- 15% of the issue was reserved for Non-Institutional Investors (NII).
This allocation structure allowed different groups of investors to participate based on their category, ensuring broad market participation.
Financial Performance: Growth in Revenue and Profit
Segility India has shown strong financial growth in recent years, which helped attract investor interest. The company reported a 13% increase in revenue for FY 2023-24, with total revenue reaching ₹4,781.5 crore, compared to ₹4,236.06 crore in the previous year.
Moreover, Segility India’s net profit surged by 59%, reaching ₹228.27 crore in FY 2023-24, compared to ₹143.57 crore in the previous year. For the April-June 2024 quarter, the company recorded ₹1,247.76 crore in revenue and ₹22.29 crore in net profit. This strong financial performance made Segility India an attractive option for investors.
How the Segility India IPO Fits into the Healthcare Market
Segility India specializes in providing healthcare-focused solutions and services. The company’s growing revenue and strong profit margins highlight its potential in the expanding healthcare industry. With the IPO proceeds going to existing shareholders, Segility India’s listing marks an important milestone for the company and investors.
Conclusion: A Successful Market Debut
The listing of Segility India Limited’s shares at ₹31.06 marks a positive start for the company in the stock market. With a strong IPO subscription and positive listing gains, Segility India is poised to play a key role in the healthcare sector. Investors and analysts will be watching its performance closely in the coming months to see if it continues to grow and maintain its strong position in the market.