Indegene Limited
Mainboard₹14,916 / 33 Shares
Indegene Limited IPO Details
The Indegene Limited IPO price band is set between ₹430-452 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 6 May, 2024 and closes on 8 May, 2024. Investors can check the allotment status on 9 May, 2024, while the listing date is tentatively scheduled for 13 May, 2024.
The total issue size is Total ₹1,841.76 Cr :#Fresh Issue : 16,814,159 shares, aggregating up to ₹760.00 Cr. Stay tuned for the latest Indegene Limited IPO review and GMP updates.
Indegene Limited IPO Review, Rating & Analysis
Indegene Limited IPO Review
NO REVIEWIndegene Limited IPO Rating
Indegene Limited IPO Highlights
IPO Date
May 6, 2024 - May 8, 2024
Listing Date
13 May, 2024
Face Value
₹2 Per Equity Share
Price Band
₹430-452 per equity share
Lot Size
33 Shares
Fresh Issue
16,814,159 Shares
Offer for Sale
23,932,732 shares of ₹2
Listing At
BSE, NSE
Indegene Limited IPO Lot Size
The minimum market lot for Indegene Limited IPO is 33 shares with an application amount of ₹14,916. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,916 |
| Retail (Max) | 13 | 429 | ₹1,93,908 |
| S-HNI (Min) | 14 | 462 | ₹2,08,824 |
| S-HNI (Max) | 67 | 2211 | ₹9,99,372 |
| B-HNI (Min) | 68 | 2244 | ₹10,14,288 |
Indegene Limited IPO Timeline
Issue Price
₹430-452 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Kotak Mahindra Capital Company LimitedCitigroup Global Markets India Private LimitedJ.P. Morgan India Private LimitedNomura Financial Advisory And Securities (India) Pvt LtdIssue Size
Total ₹1,841.76 Cr :#Fresh Issue : 16,814,159 shares(aggregating up to ₹760.00 Cr) +
#OFS : 23,932,732 shares of ₹2(aggregating up to ₹1,081.76 Cr)
Indegene Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Dec 23 | 2518.15 | 1969.75 | 241.90 | 1327.00 | 1282.65 | 399.33 |
| 31 Mar 23 | 2203.87 | 2364.10 | 266.10 | 1063.72 | 1019.43 | 394.34 |
| 31 Mar 22 | 1353.47 | 1690.50 | 162.82 | 763.90 | 763.55 | 18.24 |
| 31 Mar 21 | 596.04 | 996.92 | 149.41 | 324.51 | 324.19 | 24.76 |
All values are in ₹ Cr.
Indegene Limited IPO Valuations
EPS Pre IPO
₹11.96/-EPS Post IPO
₹13.48/-PE Pre IPO
37.78PE Post IPO
33.53ROE
23.60%ROCE
11.73%Debt Equity
1.07RoNW
23.60%PAT Margin
15.25Price to Book Value
5.84Promoters & Share Holding
Promoter(s) Name
- BCP Topco VII Pte. Ltd
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 30.71% | N/A% |
About Company
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 subsidiary of the company, DT Associates Limited, provides consulting services under the DT Consulting brand. It helps life sciences companies manage their digital transformation efforts to ensure continued success in customer experience.
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 Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 8,094,069 | 6,070,552 4,047,034 2,023,518 | 14,164,620 | 28,625,340 |
Day 1 -06-05-24 05:00 PM | 0.05 x | 4.14 4.15 x 4.10 x | 1.50 x | 1.67 x |
Day 2 -07-05-24 05:00 PM | 5.59 x | 18.03 19.26 x 15.56 x | 3.82 x | 7.35 x |
Day 3 -08-05-24 07:00 PM | 197.55 x | 55.07 60.96 x 43.30 x | 7.95 x | 69.91 x |
Retail:6.51x
BHNI:11.53x
SHNI:39.61x times
Company Contact Details
Indegene Limited
Aspen Block G4, 3 rd Floor, Manyata EmbassyBusiness Park, Outer Ring Road, Nagawara Bengaluru 560 045Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: indegene.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Frequently Asked Questions about Indegene Limited IPO
When will Indegene Limited IPO open for subscription?
The Indegene Limited IPO opens on 6 May, 2024 and closes on 8 May, 2024.
What is the investors portion for Indegene Limited IPO?
The investors' portion for QIB is 197.55 x, NII is 60.96 x, and Retail is 7.95 x.
How to apply for Indegene Limited IPO?
You can apply for Indegene Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Indegene Limited IPO?
The issue size of Indegene Limited IPO is approx ₹Total ₹1,841.76 Cr :#Fresh Issue : 16,814,159 shares(aggregating up to ₹760.00 Cr) +#OFS : 23,932,732 shares of ₹2(aggregating up to ₹1,081.76 Cr) crores.
What is the price band of Indegene Limited IPO?
The price band for Indegene Limited IPO is ₹430 to ₹452 per equity share.
What is the lot size of Indegene Limited IPO?
The minimum bid (lot size) for Indegene Limited IPO is N/A shares with an investment of approx ₹14,916 .
What is the allotment date of Indegene Limited IPO?
The allotment date for Indegene Limited IPO is 9 May, 2024.
What is the listing date of Indegene Limited IPO?
The listing date for Indegene Limited IPO is expected to be 13 May, 2024.
What is the GMP of Indegene Limited IPO?
The latest Grey Market Premium (GMP) for Indegene Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.