Sagility India, a healthcare Services Company based in Bengaluru, received Rs. 945.4 crore from 52 anchor investors on November 4 in preparation for the launch of its initial public offering. All investors will be able to purchase shares in the Rs. 2,107-crore initial offering starting on November 5 and ending on November 7.

Only 70.2 crore equity shares are being offered for sale in the IPO by Sagility BV, a Netharlands-based promoter and EQT Private Capital Asia affiliate. The offer's price range is set at Rs. 28–30 per share.

The highest price range of Sagility India is Rs. 14,044 crore.

The company has finalized the distribution of 31, 51, 34,668 equity shares to anchor investors at a price of Rs. 30 per share, according to the filing made to markets on Monday.

Nomura Funds, Government Pension Fund Global, Florida Retirement System, TIMF Holdings, Societe Generale, and Goldman Sachs are among the international institutional investors who purchased shares in the firm through the anchor book.

ICICI Prudential Mutual Fund, HDFC Mutual Fund, Mirae Asset, ICICI Prudential Life Insurance, Whiteoak Capital, PGIM India, Edelweiss Trusteeship, Motilal Oswal Mutual Fund, Baroda BNP Paribas Mutual Fund, Max Life Insurance, Aditya Birla Sun Life Insurance, Invesco India, SBI General Insurance, and Bharti Axa Life Insurance are among the domestic fund houses and insurance companies that have invested in the business.

By selling 12.2 crore equity shares to nine investors — Adani Properties, Elpro International, Avendus, 360 ONE, Jasub Property Holdings, Jaya Chandrakant Gogri and Rashesh Chandrakant Gogri, PAM Family Trust, Shradha Family Trust, and Unmaj Ventures—for Rs 30 each, the promoter was able to raise Rs. 366 crore by the end of last month.

Regarding this, the company says, “Out of the total allocation of 31.51 crore equity shares to the anchor investors, 11.84 crore shares were allocated to 8 domestic mutual funds through a total of 26 schemes”.