Today is the second day of bidding for the Initial Public Offer (IPO) of Segility India Limited. Till 10:30 am today, this issue has been subscribed 0.23 times in total. This issue was subscribed 1.14 times in the retail category and 0.08 times in the non-institutional investors (NII) category. Tomorrow i.e. 7 November is the last day to bid for this IPO. On November 12, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Segility India, which provides healthcare focused solutions and services, wants to raise Rs 2,106.60 crore through this issue. For this, the existing investors of the company are selling 702,199,262 shares worth Rs 2,106.60 crore through Offer for Sale i.e. OFS. The company is not issuing a single fresh share. If you are also planning to invest in it, then we are telling you how much you can invest in it. What is the minimum and maximum amount you can invest?
Segility India has fixed the price band of this issue from Rs 28 to Rs 30 per share. Retail investors can bid for a minimum of one lot i.e. 500 shares. If you apply for 1 lot as per the upper price band of IPO of Rs 30, then you will have to invest Rs 15,000 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 6500 shares. For this, investors will have to invest ? 195,000 as per the upper price band. 10% of the issue reserved for retail investors
The company has reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 10% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII). Company’s revenue increased by 13% on an annual basis
In the financial year 2023-24, the revenue of Segility India increased by 13% on an annual basis to Rs 4,781.5 crore. A year ago it was Rs 4,236.06 crore. Net profit increased by 59% to Rs 228.27 crore as compared to a year ago. The profit in the financial year 2023 was Rs 143.57 crore. In the April-June 2024 quarter, revenue was Rs 1,247.76 crore and net profit was Rs 22.29 crore. What is an IPO?
When a company issues its shares to the general public for the first time, it is called an Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.
