Indegene IPO opens next week. GMP, review, price, other details of upcoming IPO in 10 points

Giving IPO commentary for the week gone by, Mahavir Lunawat, Managing Director astatine Pantomath Capital Advisors, said, "Last week commencing 28th April, 1 mainboard IPO of JNK India makes stellar marketplace debut, lists with 50% premium implicit the contented price. Since 2004, determination hasn't been a azygous IPO motorboat during May successful the past 4 General Election cycles. Typically, the play from April to June during these years has been dilatory for the superior markets owed to predetermination uncertainty. However, this inclination is expected to alteration present arsenic 3 mainboard IPOs of Indegene Limited, TBO Tek Limited and Aadhar Housing Finance are acceptable to beryllium launched adjacent week to rise 6,392 crores."

Important Indegene IPO details

1] Indegene IPO GMP: Shares of the institution are disposable astatine a premium of ₹246 successful the grey marketplace today, accidental marketplace observers.

2] Indegene IPO price: The integer work supplier institution that caters to the Life Sciences manufacture has a fixed terms set for the upcoming IPO astatine ₹430 to ₹452 apiece.

3] Indegene IPO date: The publication physique contented volition unfastened connected 6th May 2024 and extremity connected 8th May 2024.

4] Indegene IPO size and allocation: The upcoming IPO volition premix caller shares and OFS. The institution aims to rise a important magnitude of ₹1841.76 crore from its archetypal nationalist offer. Out of this, ₹760 crore is aimed done the issuance of caller shares, indicating the company's maturation plans. The rest, ₹1081.76 crore, is reserved for the OFS route, providing an accidental for existing shareholders to exit.

5] Indegene IPO batch size: A bidder volition beryllium applied successful tons for the upcoming IPO, and 1 batch of the Indegene IPO comprises 33 institution shares.

6] Indegene IPO allotment date: The apt day for allotment of shares is 9th May 2024, i.e. connected Thursday adjacent week.

7] Indegene IPO registrar: Link Intime India Private Limited has been appointed arsenic the authoritative registrar of this upcoming IPO.

8] Indegene IPO listing: The publication physique contented is projected for listing connected BSE and NSE.

9] Indegene IPO listing date: In the aftermath of the 'T+3 listing rule', the astir apt Indegene IPO listing day is 13th May 2024.

10] Indegene IPO review: The company's gross grew astir 40 per cent YoY successful FY24, whereas its PAT changeable up astir 63..50 per cent successful the precocious ended fiscal twelvemonth 2023-24 against its FY23 PAT.

Disclaimer: The views and recommendations provided successful this investigation are those of idiosyncratic analysts oregon broking companies, and not Mint. We powerfully counsel investors to consult with certified experts earlier making immoderate concern decisions, arsenic marketplace conditions tin alteration rapidly and idiosyncratic circumstances whitethorn vary.

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Published: 04 May 2024, 03:13 PM IST