Indegene IPO GMP Today, Indegene IPO Grey Market Premium Updates | Indegene IPO, Latest target, Opening gain
Founded in 1998, Indegene Limited provides digital services for the life sciences industry. They assist with drug development, clinical trials, regulatory submissions, pharmacovigilance, complaints management, and sales/marketing support.
The company’s services can be divided into following categories
- Enterprise Commercial Solutions
- Omnichannel Activation
- Enterprise Medical Solutions
- Enterprise Clinical Solutions and consultancy services
The company received the Platinum Level award at the 2023 Healthy Workplace Conference and Awards, a recognition given by Arogya World India Trust in partnership with the Public Health Foundation of India.
As of December 31, 2023, the company had 65 clients actively engaged with its services.
As of December 31, 2023, the company employed 5,181 people worldwide. Of these, 4,461 are based in India, 530 work in North America, 105 in Europe, 73 in China, and 12 in other regions.
Indegene IPO Details:
| Issuer | Indegene IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 06 MAY 2024 | |
| Issue Closes: 08 MAY 2024 | ||
| Price Brand | ₹430 to ₹452 per share | |
| Issue Size | ₹1,841.76 Cr | |
| Face Value | ₹2 per share | |
| Market Lot | 33 Shares | |
| Retail (Max) | ₹193,908 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 40,746,891 shares | |
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Indegene IPO GMP Rates day by day
Indegene IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 33 | ₹14,916 |
| Retail (Max) | 13 | 429 | ₹193,908 |
| S-HNI (Min) | 14 | 462 | ₹208,824 |
| S-HNI (Max) | 67 | 2,211 | ₹999,372 |
| B-HNI (Min) | 68 | 2,244 | ₹1,014,288 |
Indegene IPO Date, Allotment & Listing:
| Indegene IPO Opening Date: | May 06, 2024 |
| Indegene IPO Closing Date: | May 08, 2024 |
| Basis of Allotment: | May 09, 2024 |
| Initiation of Refunds: | May 10, 2024 |
| Credit to Demat Account: | May 10, 2024 |
| Listing Date: | May 13, 2024 |
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 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 | ||||
Key Performance Indicator
The market capitalization of Indegene IPO is Rs. 10814.07 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| Debt/Equity | 0.3 |
| RoNW | 18.23% |
| P/BV | 7.55 |
| PAT Margin (%) | 12.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.96 | 13.48 |
| P/E (x) | 37.78 | 33.53 |
Objects of the Issue (Indegene IPO Objectives)
The Company proposes to utilise the Net Proceeds towards funding the following objects:
- Repayment/prepayment of indebtedness of one of the Material Subsidiaries, ILSL Holdings, Inc.;
- Funding the capital expenditure requirements of the Company and one of the Material Subsidiaries, Indegene, Inc.; and
- General corporate purposes and inorganic growth.
Indegene IPO ALLOTMENT STATUS
How to Apply for Indegene IPO?
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How to Apply Indegene IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Indegene IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Indegene IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Indegene IPO”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
Indegene IPO is a main-board initial public offering of 40,746,891 Equity shares of the face value of ₹2 aggregating up to ₹1,841.76 Crores. The issue price of the IPO is ₹430 to ₹452 Per Equity Share. The minimum order quantity is 33 Shares per application and the offer type is Book Built Issue. The IPO opens on May 06, 2024 and closes on May 08, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Indegene IPO opens on May 06, 2024 and closes on May 08, 2024.
You can apply in Indegene IPO online using either UPI or ASBA as payment method. Iifl Securities Ltd and ICICI Securities Limited are the book running lead managers of the Indegene IPO, while Link Intime India Private Ltd is the registrar for the issue.
The finalization of Basis of Allotment for Indegene IPO will be done on May 09, 2024, and the allotted shares will be credited to your demat account by May 10, 2024. Check the Indegene IPO allotment status.
The Indegene IPO listing date is not yet announced. The tentative date of Indegene IPO listing is May 13, 2024.
Indegene IPO lot size is 33 Shares and the minimum order quantity is 1 Shares.