Indegene IPO, aiming to raise ₹1,841.76 crore, opened for subscription on May 6 and closed on May 8. The Indegene IPO consists of a fresh issue of 1.68 crore shares aggregating to ₹760 crore and an offer for sale of 2.39 crore shares aggregating to ₹1,081.76 crores. The Indegene IPO allotment status is set to be finalised today.
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If you applied for the IPO, here is how you can check the Indegene IPO allotment status.
Checking IPO Allotment Status on Registrar’s Website:
Follow these steps to check the Indegene IPO allotment statusVisit the registrar’s website.Click on “Company Selection” and choose “Indegene” from the dropdown menu.Then you can enter your PAN, application number, or Demat.Enter the captcha and click Submit to retrieve the Indegene IPO allotment status
Checking IPO Allotment Status on BSE:
Go to the BSE website.Click on the ‘Equity’ section and select “Indegene” from the dropdown menu.Enter your application number or PAN.Click on the ‘Search’ button.The result will show the number of shares allotted to you.
If all the details are entered correctly and the allotment has been finalised, the Indegene IPO allotment status will be visible.
Indegene IPO Subscription Status
On the final day, the Indegene IPO was subscribed 69.91 times.
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The retail investor category has been oversubscribed 7.95 times, while the Non-Institutional Investors (NIIs) category has seen an oversubscription of 55.07 times. However, the Qualified Institutional Buyers (QIBs) category has only been subscribed 197.55 times. The employee category has been subscribed 6.48 times.
The IPO allocation structure reserves 19.85% of the shares for QIBs, 14.89% for NIIs, and 34.75% for Retail Investors. The company has also reserved around 2.96 lakh shares for the employee section at a discount of ₹30 to the issue price.
Indegene IPO GMP
The Indegene’s IPO GMP is currently reported at ₹294. This is a jump from the ₹255 reported on Wednesday. Taking the upper band of the IPO, the Indegene IPO’s estimated listing price is ₹746, around 65% above the issue price. However, it should be noted that GMPs are just an indicator and should not be taken as the sole factor behind the company’s performance upon listing.
Indegene IPO Details
The company intends to utilise the proceeds from the IPO primarily for prepayment or scheduled repayment of existing borrowings, financing working capital requirements, and addressing general corporate purposes. The price band for the Indegene IPO was set at ₹430 to ₹452.
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Ahead of the IPO launch on May 6, the company successfully secured funds from anchor investors. Notable participants in the anchor round included both foreign and domestic institutions such as White Oak Capital, Ashoka India, ICICI Prudential, Volrado Ventures, and several others.
