From today, investors will be able to bet on the Indegene IPO. Investors will have the opportunity to bet on this IPO until May 8. The Rs 1, 841.76 crore IPO comprises fresh issuance of shares worth up to Rs 750 crore,
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Indegene IPO is hitting the stock market from today. The IPO will open on May 6 and close on May 8. The Rs 1, 841.76 crore IPO comprises fresh issuance of shares worth up to Rs 750 crore, while existing investors and promoters will sell up to 2.93 crore equity shares through an offer for sale (OFS). The company has fixed the price band at Rs 430-452 per share. The company had raised Rs 548.77 crore from anchor investors on May 3. The company said it has decided to allot 12,141,102 equity shares to 36 anchor investors at Rs 452 per share.
The IPO size is Rs 1841.76 crore. Through this IPO, Indegene will issue 1.68 crore fresh shares. On the other hand, 2.39 crore shares will be issued under the offer for sale. Investors will have the opportunity to subscribe to the IPO from May 6 to May 8.
The price band of Indegene IPO has been fixed at Rs 430 to Rs 452 per share. The company holds 33 shares in the company. As a result, an investor will have to bet at least Rs 14,916. Employees of the company will get a discount of Rs 30 per share.
Indegene IPO GMP: According to the report of Investor Gain, the company's IPO is performing well in the grey market. According to the report of Investor Gain, the company's IPO is trading at a premium of Rs 262 today. If the trend of GMP remains the same, then the company's listing can be at Rs 714.
A maximum of 50 per cent of the IPO is reserved for qualified institutional buyers (QIBs). At the same time, there will be a minimum reserve of 35 percent for retail investors. The promoters' stake in the company was 30.71 per cent before the IPO.
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Indegene IPO was opened on May 3 last week. There was good response from investors. The company has raised Rs 548.78 crore through anchor investors.
Market Guru Anil Singhvi advises investing in this IPO for strong listing gains. Also, you can stay in this company even after listing for the long term.
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