Sagility India IPO share allotment expected today
Mumbai/IBNS: The share allotment for the Sagility India IPO is expected to be finalized later on Friday (Nov. 8).
Shares will be distributed to investors based on a lottery system, overseen by the official registrar.
On the allotment date, investors learn how many shares they received compared to the bids they placed.
To check the allotment status, investors can either visit the BSE website or the registrar's website.
Successful bidders can expect the shares to be credited to their demat accounts on Monday (Nov. 11), while those who do not receive an allotment will likely receive refunds on the same day.
The stock may debut on the BSE and NSE on Tuesday (Nov. 12).
The initial public offering (IPO) of Sagility India witnessed a decent subscription across segments.
The Rs 2,107 crore book-built issue, which was entirely an offer for sale (OFS) of 70.22 crore shares and had the price band of Rs 28 to Rs 30 per share, opened for subscription on Tuesday (Nov. 5) and concluded on Thursday (Nov. 7).
Sagility India's public issue was oversubscribed 3.2 times on the final day, according to a Mint report.
The retail investor segment led the oversubscription with 4.16 times booking, the non-institutional investors (NIIs) oversubscribed to the public offer 1.93 times, and the segment reserved for qualified institutional buyers was subscribed 3.52 times, as per reports.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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