Indegene IPO GMP Today Price: Indegene Limited IPO will open for subscription soon. Ahead of the subscription, Indegene shares are creating a buzz in the grey market. Indegene shares are commanding a strong grey market premium or GMP, indicating a solid listing gain.
Indegene is a healthcare tech firm focused on the global life sciences industry.
Indegene IPO Subscription Date
Indegene IPO will open for public subscription on May 6. The three-day subscription will close on May 8.
Indegene IPO Price Band
Indegene has fixed the price band at Rs 430 to Rs 452 per share for its Rs 1,842 crore IPO.
Indegene IPO comprises a fresh issue of Rs 760 crore and an offer for sale (OFS) of 2.3 crore shares.
Indegene IPO GMP Today
Indegene shares are in a huge demand in the grey market or ulisted market. Its shares are commanding a strong grey market premium or GMP.
As per several websites that track grey market activities, Indegene shares are commanding a grey market premium or GMP of Rs 240 apiece.
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Indegene IPO Lot Size
Each lot of Indegene IPO has 33 shares. It will cost Rs 14,1916. A retail investor can bid for a minimum of 1 lot and a maximum of 13 lots.
Indegene IPO Allotment Date
Indegene IPO allotment will likely be finalised on May 9. The allotment status will be released online on the website of the registrar — Link Intime India Private Ltd. Besides, the allotment status will also be released on the BSE website.
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Indegene IPO Listing Date, Time
Indegene shares are proposed to list on both the leading exchanges NSE and BSE. The listing will take place on May 13. Trading in the counter will begin at 10 AM.
Indegene has said that it will use the proceeds from the fresh issue to pay off debt from one of its subsidiaries, ILSL Holdings, fund capital expenditures for itself and another subsidiary, Indegene Inc, and invest in general business needs and future growth opportunities such as inorganic growth.
