Indegene IPO GMP: Healthcare Tech Firm to Open for Subscription This Week; Price Band, Subscription Dates and More
Indegene IPO Price, Indegene IPO GMP, Indegene IPO Lot Size: Indegene Ltd has raised Rs 549 crore from anchor investors ahead of its initial public offering (IPO). The company has allotted 1.21 crore equity shares to 36 funds at Rs 452 apiece, which is also the upper end of the price band. The anchor book saw participation from various investors, including Capital Group, Fidelity Investments, Jupiter Asset Management, Abu Dhabi Investment Authority, SBI Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, DSP Mutual Fund, Premji Invest, UTI Mutual Fund, Edelweiss Mutual Fund, Aditya Birla Sun Life Insurance Company and Bajaj Allianz Life Insurance Company.
Indegene IPO Price
Healthcare tech firm has set a price band of Rs 430 to Rs 452 per share for the issue.
Indegene IPO GMP Price Today
According to multiple websites that track the grey market premium activities, the Indegene shares are trading at a GMP of Rs 240 in the unlisted market.
Indegene IPO Subscription Date
The issue will open for public subscription on May 6 and conclude on May 8.
Indegene IPO Lot Size
The minimum investment for one lot is Rs 14,190. The company’s IPO comprises a fresh issue of equity shares worth up to Rs 760 crore and an Offer For Sale (OFS) of up to 2.34 crore equity shares, aggregating Rs 1,082 crore at the higher end of the price band, by selling shareholders. This takes the total IPO size to 1,842 crore.
Indegene IPO Details
The OFS would see the sale of shares by existing investors CA Dawn Investments, a Carlyle group entity, Vida Trustees in its capacity as a partner of Group Life Spring, Brighton Park Capital’s entities BPC Genesis Fund I SPV Ltd, and BPC Genesis Fund I-A SPV Ltd, and individual investors Manish Gupta, Rajesh Bhaskaran Nair, and Anita Nair. Kotak Mahindra Capital, Citigroup Global Markets India, J P Morgan India, Nomura Financial Advisory and Securities (India) are the book-running lead managers to the issue.
At present, Nadathur Fareast Pte Ltd is the biggest shareholder in Indegene with a 23.64 per cent stake. CA Dawn Investments has a 20.42 per cent stake, and Brighton Park Capital owns a 12 per cent stake in the company.
Indegene IPO Objective
Funds raised through the fresh issue would be used to pay the debt, fund capital expenditure requirements, payment of deferred consideration for one of its past acquisitions, fund inorganic growth and general corporate purposes. Indegene had raised USD 200 million from Carlyle Group and Brighton Park Capital in February 2021.
Indegene Ltd
Founded in 1998, Indegene offers solutions that help enable biopharmaceutical, emerging biotech and medical devices companies to develop products, launch them in the market, and drive sales throughout their life cycle.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
