Sagility India Limited's Initial Public Offering (IPO) was subscribed 52% on Day 2 of bidding on Wednesday. The issue has received bids for 20,09,58,500 shares against the total offer of 38,70,64,594 equity shares.

Sagility India's IPO was subscribed 22% on the first day of the public issue. The modest investor response failed to lift the GMP.

On Tuesday’s first day of bidding, Sagility India Ltd., a supplier of technology-enabled healthcare services, earned a 0.23 times subscription for its initial public offering (IPO). November 7 is the last day of the Rs 2,106.6-crore IPO, with a price range of Rs 28 to Rs 30 per share.

Sagility India's IPO received a 7% subscription on the first day. Retail investors showed the most interest. The IPO aims to raise Rs 2106 crore. The company provides technology solutions to the US healthcare industry.

Opening on November 5, the Sagility India IPO is set to close on November 7, with a price range of ₹28-30 per share.

According to stock market observers, the company's shares are trading at a premium of ₹3 in the grey market today

Before its launch, Sagility India was trading at a premium of Rs 3 in the grey market, indicating neutral investor demand. However, the GMP has now dipped to Rs 0.