The initial public offering of (IPO) of Indegene Limited will open for public issue on May 6, 2024 looking to raise Rs 1,841.76 crores.
Indegene Limited, established in 1998, offers digital services to the life sciences industry, aiding in drug development, clinical trials, regulatory submissions, pharmacovigilance, complaints management, and sales/marketing support.
Read More: Emmforce Autotech Shares List At 90% Premium
The price band for Indegene Limited’s IPO is set between Rs 430 to Rs 452 per share. For individual investors, the minimum lot size for an application is 33 shares, requiring a minimum investment of Rs 14,916.
For Small Individual Investors (sNII), the minimum investment is 14 lots (462 shares), amounting to Rs 2,08,824. For Big Individual Investors (bNII), the minimum investment is 68 lots (2,244 shares), totalling Rs 10,14,288.
Read More: 3 New IPOs Opening Today, April 30: Check How Much Minimum Money You Need To Apply
10 things to know about the IPO of Indegene Limited.
Subscription period: The IPO of Indegene Limited is open for subscription from May 6 until May 8, 2024.
Price band: The price range for the Indegene Limited IPO is set at Rs 430 to Rs 452 per equity share.
Fundraising target: The company aims to raise Rs 1,841.76 crore through this IPO, with a fresh issue of 1.68 crore shares and offer for sale of 2.39 crore shares .
Issue division: The IPO is a mix of a new issue of 1,68,14,159 shares amounting to Rs 760 crore and an offer for sale of 2,39,32,732 shares, totalling to Rs 1,081.76 crore.
Read More: Racks & Rollers IPO opens today: Check price band, GMP and other key details
Lot size: Indvidual investors can apply for the Indegene Limited IPO in lots, with each lot consisting of 33 company shares.
Allotment date: Finalisation of share allocation for the IPO is expected on May 9, 2024.
Listing date: The shares of Indegene Limited will list on stock exchanges on May 13, 2024.
Registrar: Link Intime India Private Ltd is the registrar for the issue of Indegene Limited IPO.
Listing platforms: The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Grey market premium (GMP): The latest Grey Market Premium (GMP) for the Indegene IPO is Rs 177 as of April 30th, 2024 at 12:53 PM, suggesting an estimated listing price of Rs 629. This indicates an expected percentage gain per share of 39.16%.
