Indegene IPO Date, Review, Price, Allotment Details

Indegene IPO Details: Indegene IPO date is fixed, the IPO is to hit the market on May 6. and will close on May 8. Indegene IPO to raise around ₹1841.76 crores via IPO that comprises fresh issue of ₹760 crores and offer for sale up to 2,39,32,732 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Indegene IPO

Table of Contents

Indegene 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. Their solutions enable life sciences companies to develop products, launch them in the market, and drive sales through their life cycle in a more effective, efficient, and modern manner. They achieve this by combining over two decades of healthcare domain expertise and fit-forpurpose technology. Their portfolio of solutions covers all aspects of commercial, medical, regulatory, and R&D operations of life sciences companies.


They have established client relationships with each of the 20 largest biopharmaceutical companies in the world by revenue for the Financial Year 2023 (Source: Everest Report), having earned more than 69.00% of their total revenue from operations for each of the nine months ended December 31, 2023, and 2022 and the Financial Years 2023, 2022 and 2021 from these 20 customers. As of December 31, 2023, they had a total of 65 active clients (i.e., clients from whom they earned US$0.25 million or more in revenues during the 12 months preceding the relevant date). They had 27 clients from whom they earned between US$1 million and US$10 million in revenues, five clients from whom they earned between US$10 million and US$25 million in revenues, and three clients from whom they earned more than US$25 million in revenues, during the 12 months ended December 31, 2023.


Objects 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.

Indegene IPO Review (Apply or Not)

  • Apply

Brokerage Firm IPO Review

  • BP Equities (BP Wealth): Apply
  • Indsec Securities: Apply
  • SBICAP Securities Limited: Apply
  • SMIFS Limited: Apply
  • Swastika Investmart Ltd: Apply
  • Ventura Securities Limited: Apply

Indegene IPO Date & Price Band Details

IPO Open:May 6, 2024
IPO Close:May 8, 2024
IPO Size:Approx ₹1841.76 Crores
Fresh Issue:Approx ₹760 Crores
Offer for Sale:Approx ₹1081.76 Crores,
2,39,32,732  Equity shares
Face Value:₹2 Per Equity Share
IPO Price Band:₹430 to ₹452 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Indegene IPO Market Lot

The Indegene IPO minimum market lot is 33 shares with ₹14,916 application amount. The retail investors can apply up-to 13 lots with 429 shares or ₹193,908 amount.

ApplicationLot SizeSharesAmount
Retail Minimum133₹14,916
Retail Maximum13429₹193,908
S-HNI Minimum14462₹208,824
B-HNI Minimum682,244₹1,014,288

Indegene IPO Allotment & Listing Dates

The Indegene IPO date is May 6 and the close date is May 8. The Indegene IPO allotment will be finalized on May 9 and the IPO listing on May 13.

Anchor Investors Date:May 5, 2024
IPO Open Date:May 6, 2024
IPO Close Date:May 8, 2024
Basis of Allotment:May 9, 2024
Refunds:May 10, 2024
Credit to Demat Account:May 10, 2024
IPO Listing Date:May 13, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Indegene IPO Form

How to apply for the Indegene IPO? You can apply for Indegene IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Indegene IPO in the Invest section. The other option is you can apply for Indegene IPO via IPO forms downloaded via NSE and BSE. Check out the Indegene forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Indegene Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹996.92₹768.25₹149.41
2022₹1690.50₹1417.10₹162.82
2023₹2364.10₹2001.05₹266.10
Dec 2023₹1969.75₹1644.64₹241.90

Indegene IPO Valuation – FY2023

Check Indegene IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹12.03 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):25.02%
Net Asset Value (NAV):₹48.10 per Equity Share

Peer Group

  • NA

Company Promoters

  • The company is a professionally managed company and does not have an identifiable promoter.

Indegene IPO Registrar

Link Intime India Private Ltd
Phone: +91 81 0811 4949
Email: [email protected]
Website: https://linkintime.co.in/

Indegene IPO Allotment Status Check

Check Indegene IPO allotment status on Linkintime website allotment URL. Click Here

Indegene IPO Lead Managers aka Merchant Bankers

  • Kotak Mahindra Capital Company Limited
  • Citigroup Global Markets India Private Limited
  • J.P. Morgan India Private Limited
  • Nomura Financial Advisory and Securities (India) Private Limited

Company Address

Indegene Limited
Aspen Block G4, 3rd Floor, Manyata Embassy Business Park,
Outer Ring Road, Nagawara, Bengaluru 560 045, Karnataka
Phone: +91 80 4674 4567
Email: [email protected]
Website: www.indegene.com

Indegene IPO FAQs

What is Indegene IPO?

Indegene IPO is a main-board IPO. They are going to raise ₹1841.76 Crores via IPO. The issue is priced at ₹430 to ₹452 per equity share. The IPO is to be listed on BSE & NSE.

When Indegene IPO will open?

The IPO is to open on May 6, 2024 for QIB, NII, and Retail Investors.

What is Indegene IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Indegene IPO?

You can apply for Indegene IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Indegene IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Indegene”. Click on 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. Open Demat Account with Zerodha.

How to Apply the Indegene IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Indegene”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Indegene IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Indegene”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Indegene IPO Size?

Indegene IPO size is ₹1841.76 crores.

What is Indegene IPO Price Band?

Indegene IPO Price Band is ₹430 to ₹452.

What is the Indegene IPO Allotment Date?

Indegene IPO allotment date is May 9, 2024.

What is the Indegene IPO Listing Date?

Indegene IPO listing date is May 13, 2024. The IPO is to list on BSE and NSE.

Note: The Indegene IPO price band and date are officially announced. The IPO grey market premium (Indegene IPO Premium) will be added to the IPO grey market page as it will start).

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