The Indegene IPO started on May 6, 2024, and ended on May 8, 2024. Shares were allocated on May 9, 2024, and refund processes began on May 10, 2024. On May 10, 2024, the shares were credited to investors demat accounts. Indegene was officially listed on the stock exchange on May 13, 2024.
During the IPO, Indegene offered shares at a price range of ₹430 to ₹452 per share, and the lot size was 33 shares. The total issue size was ₹1,841.76 crores, with ₹760.00 crores from new shares and ₹1,081.76 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Indegene IPO Subscription Update Video
Indegene IPO Subscription Status
The Indegene IPO on May 8, 2024 was subscribed 70.30 times, with the retail category being subscribed 7.86 times, the NII (Non-Institutional Investor) category being subscribed 55.91 times, the QIB (Qualified-Institutional Buyers) category being subscribed 192.72 times.
| Category | Subscription |
| QIB | 192.72x |
| NII | 55.91x |
| Retail | 7.86x |
| Employee | 6.62x |
| Total | 70.30x |
Indegene IPO Basic Details
| Company Name | Indegene Limited |
| Indegene IPO Open Date | May 6, 2024 |
| Indegene IPO Close Date | May 8, 2024 |
| Indegene IPO Allotment Date | May 9, 2024 |
| Indegene IPO Listing Date | May 13, 2024 |
| Face Value | ₹10 per share |
| Price | ₹430 to ₹452 per share |
| Lot Size | 33 Shares |
| Issue Size | 40,746,891 shares of ₹2 (aggregating up to ₹1,841.76 Cr) |
| Fresh Issue | 16,814,159 shares of ₹2 (aggregating up to ₹760.00 Cr) |
| Offer for Sale | 23,932,732 shares of ₹2 (aggregating up to ₹1,081.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | BCP Topco VII Pte. Ltd. |
About Indegene Limited
Established in 1998, Indegene Limited offers digital solutions for the life sciences sector. They support various aspects like drug development, clinical trials, regulatory submissions, pharmacovigilance, managing complaints, and providing sales/marketing assistance.
Their services fall into several key categories:
- Enterprise Commercial Solutions: Solutions tailored for commercial activities.
- Omnichannel Activation: Assisting in multichannel marketing efforts.
- Enterprise Medical Solutions: Providing solutions for medical needs within enterprises.
- Enterprise Clinical Solutions and Consultancy Services: Solutions and advisory services for clinical operations.
A subsidiary of Indegene Limited, DT Associates Limited, operates under the brand “DT Consulting.” They specialize in aiding life sciences companies in navigating digital transformations to enhance customer experiences.
Indegene Limited was honored with the Platinum Level award at the 2023 Healthy Workplace Conference and Awards. This recognition, bestowed by Arogya World India Trust in partnership with the Public Health Foundation of India, acknowledges their commitment to creating healthy work environments.
As of December 31, 2023, Indegene Limited served 65 active clients.
On the same date, the company had a global workforce of 5,181 employees. Among them, 4,461 were based in India, 530 in North America, 105 in Europe, 73 in China, and 12 in other regions.
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Indegene IPO FAQs
What is the start and end date of Indegene IPO Subscription?
The Indegene IPO started on May 6, 2024, and ended on May 8, 2024.
When does Indegene IPO Subscription open?
The Indegene IPO open on May 6, 2024.
When does Indegene IPO Subscription close?
The Indegene IPO Close on May 8, 2024.
What is the allotment date of Indegene IPO?
The allotment date for Indegene IPO is May 9, 2024.
When is the initial refund date of Indegene IPO?
The initial Refund date for Indegene IPO is May 10, 2024.
When were the shares credited to investors demat accounts for the Indegene IPO?
The shares for the Indegene IPO were credited to investors demat accounts on May 10, 2024.
When will Indegene IPO be listed on the stock market?
Indegene IPO stock market will be listed on May 13, 2024 at 10 am.
What was the price range of the Indegene IPO shares?
The Indegene IPO shares were offered at a price range of ₹430 to ₹452 per share.
What was the lot size for the Indegene IPO shares?
The lot size for the Indegene IPO shares was 33 shares.
What was the total issue size of the Indegene IPO?
The total issue size of the Indegene IPO was ₹1,841.76 crores.
How were the shares allocated among different types of investors for the Indegene IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Indegene IPO listed?
The Indegene IPO was listed on both the NSE and BSE.
What is the Indegene IPO Subscription Status?
Indegene IPO is subscribed 70.30 Times.
