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08 Aug, 2025
Sagility India, a healthcare-focused technology solutions and services provider, has submitted its draft red herring prospectus (DRHP) to SEBI for an initial public offering. The IPO will solely consist of an offer-for-sale (OFS) of 98,44,60,377 equity shares, with no new shares being issued.
Sagility BV, affiliated with EQT Private Capital Asia, is the sole promoter and shareholder of the Bengaluru-based company, and will be selling shares through the OFS.
Sagility offers solutions and services to both payers and providers in the healthcare sector, supporting their core business operations. Payers, including US health insurance companies, finance and reimburse health services costs, while providers mainly comprise hospitals, physicians, and medical devices companies.
The company provides claims management, payment integrity, and clinical management services to payers, and revenue cycle management services to providers, aiding in managing billings and claiming treatment costs.
In FY24, the payers division contributed 90.3% of Sagility's revenue, with the providers segment accounting for the remaining 9.7%.
For the fiscal year ended March FY24, Sagility's consolidated net profit increased by 59% year-on-year to Rs 228.3 crore, despite a decrease in operating margin. This growth was due to lower finance costs, tax expenses, and higher other income.
Revenue from operations grew by 12.7% to Rs 4,753.6 crore, while EBITDA increased by 5.9% to Rs 1,088 crore, though the margin dropped by 150 basis points to 22.9%.
Sagility India, which specializes in non-voice business process management and back-office transaction processing for healthcare and insurance clients, has no listed peers in India.
ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India are appointed as the merchant bankers for the IPO.
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