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IPO Status: Closed [6th May 2024 to 8th May 2024]
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.
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: |
Get important updates regarding Indegene IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
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
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) |
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
---|---|---|---|---|---|
09-05-2024 | 452.00 | 275 | 6900/96600 | ₹727 (60.84%) | 9-May-2024 19:56 |
**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.
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.
Incorporation | Sector | IPO Issue Size | Website |
1998 | Global Life Sciences | ₹1841.76 Cr | https://www.indegene.com/ |
The Company proposes to utilise the Net Proceeds towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
Day | QIB | NII | RII | EMP | Total | |
---|---|---|---|---|---|---|
# of Shares Offered | 8,094,069 (28.28%) | 6,070,552 (21.21%) | 14,164,620 (49.48%) | 296,209 | 28,625,450 | |
1 | 6th May 2024 19:04 | 0.05x | 4.25x | 1.56x | 1.41x | 1.70x |
2 | 7th May 2024 19:04 | 5.45x | 18.44x | 3.94x | 3.40x | 7.44x |
3 | 8th May 2024 18:21 | 192.72x | 55.91x | 7.86x | 6.62x | 70.30x |
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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 2,518.15 | 2,203.87 | 1,353.47 | 596.04 |
Revenue | 1,969.75 | 2,364.10 | 1,690.50 | 996.92 |
Profit After Tax | 241.90 | 266.10 | 162.82 | 149.41 |
Net Worth | 1,327.00 | 1,063.72 | 763.90 | 324.51 |
Reserves and Surplus | 1,282.65 | 1,019.43 | 763.55 | 324.19 |
Total Borrowing | 399.33 | 394.34 | 18.24 | 24.76 |
Amount in ₹ Crore |
Last Updated on 09-May-2024 19:32:52
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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To subscribe or apply in Indegene IPO, you can use the following methods:
Indegene IPO Applying Mode | Method | Details |
Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
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Indegene IPO is going to be list on 13-05-2024.
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Indegene IPO Allotment Date is 09-05-2024.
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