Overview

• Sagility BV is offering 346.1 million shares (7.39% of equity) with an oversubscription option to raise the total sale to 703 million shares (15.02%).
• The floor price of Rs 38 represents an 11.66% discount to Monday’s close, triggering a 5.02% intraday drop that hit the lower circuit limit.
• Non-retail bids opened on May 27 and retail plus carry-forward orders will be accepted on May 28 through special trading windows on BSE and NSE.
• Management reaffirmed FY26 guidance for low- to mid-teen organic growth, over 20% overall revenue expansion including the BroadPath acquisition, and a 24–25% adjusted EBITDA margin.
• ICICI Securities and JM Financial maintain Buy ratings with target prices of Rs 60 and Rs 71, respectively, pointing to steady execution and robust financials despite potential US Medicaid spending cuts.