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Indegene IPO Details 2024

IPO Status: Closed [6th May 2024 to 8th May 2024]

Rated 3/5 by Team InvestorGain
Indegene IPO Detail

Indegene IPO, a Mainline IPO of ₹1841.76 Cr opens for subscription from 06-05-2024 to 08-05-2024. The IPO consists of ₹760.00 Cr fresh issue and ₹1081.76 Cr offer for sale.

The face value is Rs 2 and the price band is fixed at 430.00-452.00 per share. You can apply to the Indegene Mainline IPO for a minimum lot of 33 shares amounting of Rs 14916.

The tentative listing date on the exchange (BSE, NSE) is 13-05-2024.

Stay tuned with us to get more details about Indegene Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.

Indegene IPO Details

IPO Issue Opening Date: 6th May 2024
IPO Issue Closing Date: 8th May 2024
IPO Issue Price: ₹430.00-452.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: Not less than 35% of the Net Issue
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹1841.76 Cr
Offer for Sale: ₹1081.76 Cr
Fresh Issue: ₹760.00 Cr
Face Value: ₹2 Per Equity Share
IPO Discount: Emplopee:30.00
Promoter Holding Pre IPO: 30.71%
Promoter Holding Post IPO:

Indegene IPO Important Dates

Get important updates regarding Indegene IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Indegene IPO dates
IPO Activity Date
Basis of Allotment Date* 9th May 2024
Refunds Initiation* 10th May 2024
Credit of Shares to Demat* 10th May 2024
IPO Listing Date* 13th May 2024

* - Tentative Dates

Indegene IPO Lots

IPO Activity Date
Issue Price ₹430.00-452.00
Market Lot: 33 Shares
1 Lot Amount: ₹14916
Min Small HNI Lots(2-10 Lakh): 462 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 2244 shares (68 lots)

Indegene IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
09-05-2024452.002756900/96600₹727 (60.84%)9-May-2024 19:56
IPO Live GMP

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Indegene

Indegene Limited, founded in October 1998, is a “digital-first” commercialization company focused exclusively on the global life sciences industry. Its solutions enable biopharmaceutical, emerging biotechnology and medical device companies to develop and bring products to market more effectively, efficiently and modernly, and to increase revenue throughout their lifecycle. The company achieves this by combining more than two decades of healthcare experience with fit-for-purpose technology. Its portfolio of solutions covers all aspects of life science companies' commercial, medical, regulatory and R&D activities.

Life sciences companies need talent that can understand the journey of a drug or medical device from research lab to market, organize and analyze scientific and clinical data, navigate the industry's regulatory environment and ethics guidelines, and develop the necessary medical content for healthcare professionals, patients and payers. The lack of such talent is a major barrier to doing business.

Located at the intersection of healthcare and technology, the company's solutions span various stages of the drug and medical device commercialization lifecycle. The Enterprise Commercial Solutions and Omnichannel Activation solutions are geared towards the commercial functions of life science companies, while the Enterprise Medical Solutions and Enterprise Clinical Solutions cover the medical and R&D functions.

Indegene IPO Strengths

  • Expertise in healthcare.
  • Robust digital capabilities and an internally developed technology portfolio.
  • Long-standing customer relationships.
  • Global delivery model.
  • Experienced management and motivated talent backed by renowned investors.
  • Track record of creating value through acquisitions.
Incorporation Sector IPO Issue Size Website
1998 Global Life Sciences ₹1841.76 Cr https://www.indegene.com/

Indegene IPO Objective

The Company proposes to utilise the Net Proceeds towards funding the following objects:

  1. Repayment/prepayment of indebtedness of one of the Material Subsidiaries, ILSL Holdings, Inc.;
  2. Funding the capital expenditure requirements of the Company and one of the Material Subsidiaries, Indegene, Inc.; and
  3. General corporate purposes and inorganic growth.

Our experts can help you prepare for SME IPO

Indegene IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 8,094,069 Shares
  • Non-Institutional Investors: 6,070,552 Shares
  • Retail Individual Investor: 14,164,620 Shares
  • Employees Quota: 296,209 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered8,094,069 (28.28%)6,070,552 (21.21%)14,164,620 (49.48%)296,20928,625,450
16th May 2024 19:040.05x4.25x1.56x1.41x1.70x
27th May 2024 19:045.45x18.44x3.94x3.40x7.44x
38th May 2024 18:21192.72x55.91x7.86x6.62x70.30x

Indegene Limited Financial Information (Restated Consolidated)

Indegene Limited's revenue increased by 39.85% and profit after tax (PAT) rose by 63.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,518.152,203.871,353.47596.04
Revenue1,969.752,364.101,690.50996.92
Profit After Tax241.90266.10162.82149.41
Net Worth1,327.001,063.72763.90324.51
Reserves and Surplus1,282.651,019.43763.55324.19
Total Borrowing399.33394.3418.2424.76
Amount in ₹ Crore

Company Address

Indegene Limited
Aspen Block G4, 3rdFloor, Manyata Embassy Business Park, Outer Ring Road, Nagawara
Bangalore,Karnataka-560045
India
Website: https://www.indegene.com/
Phone: +91 80 4674 4567
Email: [email protected]

Indegene IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]
Indegene IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Indegene? Should I apply in Indegene IPO?

Last Updated on 09-May-2024 19:32:52

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Indegene IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Indegene IPO with Zerodha.

Alternate approch to apply in Indegene IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Indegene IPO Review and Important Updates

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Apply in Indegene IPO online

To subscribe or apply in Indegene IPO, you can use the following methods:

MethodDetails
Indegene IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Indegene IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Indegene IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Indegene IPO. Most of the Syndicate Banks provide access to apply in Indegene IPO via ASBA process. You must have your net banking access, DP ID information to apply in Indegene IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Indegene IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Indegene IPO Review and Important Updates

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Applying in Indegene IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Indegene IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply Indegene IPO, please refer article >> Link

Indegene IPO Review and Important Updates

Steps to download the online application form for Indegene IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 33 and max 429 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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Indegene IPO is going to be list on 13-05-2024.

Other relevant questions:

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Indegene IPO Allotment Date is 09-05-2024.

Other relevant questions:

Indegene IPO share allotment date?Indegene IPO allotment date?

 


User Reviews

4. DAVINDER SINGH Apr 27 2024 06:02:51 AM Reply
Indegene IPO expected listing gain.
3. JAPA RAJINIKARREDDY Apr 27 2024 06:02:51 AM Reply
Please confirm Indegene IPO GMP (grey market premium) and kostak.
2. VIKRAM Apr 27 2024 06:02:51 AM Reply
Indegene IPO good or bad.
1. Nikil Mallesh Yelelawar  Apr 27 2024 06:02:51 AM Reply
Indegene IPO whether to invest or not.