The digital-led commercialization services company Indegene IPO will be hit the market April 06, 2024 and closes on April 08, 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹1841.76 crore through IPO. The company will issue fresh shares of ₹760.00 crores through this IPO and will issue shares through offer for sale of ₹1081.76 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Indegene Limited provides digital-led commercialization services for the life sciences industry, including biopharmaceutical, emerging biotech, and medical devices companies, that assist them with drug development and clinical trials, regulatory submissions, pharmacovigilance and complaints management, and the sales and marketing of their products. The company has established client relationships with each of the 20 largest biopharmaceutical companies in the world. You can check Indegene IPO GMP.
| Read also: Upcoming IPO List 2024 |
The company’s services can be divided into the 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 c
As of December 31, 2023, the company has 65 active clients. The company delivers our operation hubs located across North America, Europe, and Asia. The company internally developed artificial intelligence (“AI”) and machine learning (“ML”) based proprietary platforms, which allow us to offer our solutions across the globe at scale. Our delivery model allows us to operate where our clients are located. As of December 31, 2023, we had 5,181 full-time employees across 10 countries, of which 4,510 employees were delivery employees. You can check the Indegene IPO subscription status here.
Object Of the Issue :
- Repayment/prepayment of indebtedness of one of our Material Subsidiaries, ILSL Holdings, Inc.
- Funding the capital expenditure requirements of our Company and one of our Material Subsidiaries, Indegene, Inc.
- General corporate purposes and inorganic growth.
Company Strengths :
- Domain expertise in healthcare.
- Robust digital capabilities and in-house developed technology portfolio.
- Track record of establishing long-standing client relationships.
- Global delivery model.
- Experienced management and motivated talent pool supported by marquee investors.
- Track record of creating value through acquisitions.
Indegene IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹241.90 Cr ₹452 /EQ 10.91 41.42x 18.23 % 18.23 % N/A % 0.30 ₹59.86 ₹2518.15 Cr ₹10814.00 Cr 30.71 % – % |
| Team Review : | ✔ Apply For Long Term |
Show Review…….
- ■ The company unique player in digital-led commercialization services and Life Science Industry.
- ■ The company top and bottom line very strong.
- ■ The company PE ratio is resonable price.
- ■ The company issue price resonable Based on FY24 annualized earnings.
- ■ The company growth potential is very high and continuous increasing.
Indegene IPO Date & Price Band & Details :
| IPO Open : | May 06, 2024 |
| IPO Close : | May 08, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹2. Equity Share |
| Price Band : | ₹430 – ₹452 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹1841.76 Cr {40,746,891 Shares} |
| Fresh Issue : | ₹760.00 Cr {16,814,159 Shares} |
| Offer For Sale : | ₹1081.76 Cr {23,932,732 Shares} |
| EMP Discount : | ₹30 Per Share |
Indegene IPO Market Lot :
Indegene IPO Minimum Market lot is 1 Lot with 33 shares with ₹14,916 Application amount. The retail investors can apply up to 13 lots with 429 Shares or ₹193,908 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 33 | ₹14,916 |
| Retail Maximum : | 13 | 429 | ₹193,908 |
| S-HNI Minimum : | 14 | 462 | ₹208,824 |
| S-HNI Maximum : | 67 | 2211 | ₹999,372 |
| B- HNI Minimum : | 68 | 2244 | ₹1,014,288 |
Indegene IPO Reservation :
Indegene IPO Total Reservation of 40,746,891 shares are to be bid for the public issue by Indegene IPO with 20,373,445 for QIB and 6,112,034 for NII 14,261,412 for Retail Investor.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 20,373,445 | ₹920.88 |
| NII : | 15% | 6,112,034 | ₹276.26 |
| RII : | 35% | 14,261,412 | ₹644.62 |
| Total : | 100% | 40,746,891 | ₹1841.76 |
Indegene IPO EPS & RoNW :
The Indegene company’s EPS & RoNW growth Increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 Dec | ₹10.91 | 18.23 | ₹59.86 |
| 2023 | ₹12.03 | 25.02 | ₹48.10 |
| 2022 | ₹7.50 | 21.57 | ₹34.80 |
| 2021 | ₹7.56 | 46.04 | ₹16.42 |
Indegene IPO Peer Comparison PE :
The Indegene, According to the RHP of the company are listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| There are no listed companies in India and globally that engage in a business | – |
Indegene IPO Dates :
Indegene IPO Date is May 06, 2024, and closes on May 08, 2024. The allotment will be finalized on May 09, 2024, and the IPO may be listed on May 13, 2024.
| Anchor Date : | May 05, 2024 |
| Open Date : | May 06, 2024 |
| Close Date : | May 08, 2024 |
| Allotment Date : | May 09, 2024 |
| Refund Date : | May 10, 2024 |
| Share Credit Date : | May 10, 2024 |
| Listing Date : | May 13, 2024 |
Indegene IPO Form :
There are two ways to apply for an Indegene IPO. You can apply for Indegene IPO through ASBA available in your bank account. You have to go to your online bank login select Indegene IPO in the Invest section and apply through your bank account. Another option is you apply for Indegene IPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Indegene Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 Dec | ₹1,969.75 | ₹1,644.64 | ₹241.90 |
| 2023 | ₹2,364.10 | ₹2,001.05 | ₹266.10 |
| 2022 | ₹1,690.50 | ₹1,417.10 | ₹162.82 |
| 2021 | ₹996.92 | ₹768.25 | ₹149.41 |
Company Promoters :
■ Krishnamurthy Venugopala Tenneti
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Indegene IPO Lead Managers :
■ Kotak Mahindra Capital Company Limited
■ Citigroup Global Markets India Private Limited
■ J.P. Morgan India Private Limited
■ Nomura Financial Advisory And Securities (India) Pvt Ltd
Indegene IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg Vikhroli West
Mumbai 400 083 Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Investor grievance email: [email protected]
Website: www.linkintime.co.in
Note: Check Indegene IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Indegene Limited
Aspen Block G4, 3 rd Floor, Manyata Embassy
Business Park, Outer Ring Road, Nagawara
Bengaluru 560 045
Phone: +91 80 4674 4567
Email: [email protected]
Website: https://www.indegene.com/
Indegene IPO FAQs :
What is Indegene IPO?
Indegene IPO is a Mainboard IPO. They are going to raise ₹1841.76 Crores via IPO. The issue is priced at ₹430-₹452 per equity share. The IPO is to be listed on NSE, and BSE.
When Indegene IPO will open?
The IPO is to open on May 06, to May 08, 2024 for QIB, NII & RII.
What is Indegene IPO Size?
Indegene IPO size is ₹1841.76 Crores.
What is the Fresh issue size of the Indegene IPO?
The Fresh issue size of Indegene IPO ₹760.00 Cr.
What is the Offer For Sale size of Indegene IPO?
The Offer For Sale size of Indegene IPO ₹1081.76 Cr.
What is Indegene IPO Price Band?
Indegene IPO Price Band is ₹430-₹452 Per share.
What is the Indegene IPO Minimum and Maximum Lot Size?
The minimum 33 Shares with ₹14,916 amount while the maximum 429 shares with ₹193,908.
What is the Indegene IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the Indegene IPO Allotment Date?
Indegene IPO allotment date will be May 10, 2024.
What is Indegene IPO Listing Date?
Indegene IPO listing date will be May 13, 2024. The IPO to list on NSE, BSE.
How do Apply for the Indegene IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Indegene IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Indegene IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Indegene IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Indegene IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Indegene IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How do Apply for the Indegene IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Indegene IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Indegene IPO GMP: Click Here Indegene IPO Subscription: Click Here Indegene IPO Allotment: Click Here Indegene IPO Listing: Click Here Indegene IPO Web Story: Click Here |
All Indegene IPO-related links are available here. If you want to know the details, click the Link.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.