Indegene IPO Allotment: The public clamor for Indegene Ltd’s initial public offering (IPO) was overwhelming, with subscription figures surpassing 70 times the offer. As the bidding phase concludes, investors eagerly await the announcement of the Indegene IPO allotment status, slated for today.
Commencing on May 6 and closing on May 8, the Indegene IPO drew significant attention. Now, on the allotment date, the company is poised to finalize the allocation basis imminently.
Investors are keen to ascertain the outcome of their bids, with successful bidders anticipating the crediting of shares into their demat accounts by Friday, May 10. Conversely, those whose bids were unsuccessful can expect a refund of their application funds on the same day.
To check the Indegene IPO allotment status, investors can avail themselves of online facilities provided by the BSE website and the IPO registrar portal, managed by Link Intime India. Below are the simplified steps for checking the allotment status on both platforms:
Steps to check Indegene IPO allotment status on BSE website:
- Visit the BSE website using this link: bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ under ‘Issue Type’
- Choose ‘Indegene Limited’ from the ‘Issue Name’ dropdown menu
- Input either the Application number or PAN details
- Click ‘Search’ to view the Indegene IPO allotment status.
Steps to check Indegene IPO allotment status on Link Intime:
- Visit the Link Intime website: linkintime.co.in/initial_offer/public-issues.html
- Select ‘Indegene Limited’ from the ‘Select Company’ dropdown menu
- Choose from the options provided – PAN, Application No., DP/Client ID, or Account No.
- Enter the relevant details based on the selection
- Click ‘Submit’ to access the Indegene IPO allotment status.
Furthermore, the strong subscription figures during the IPO bidding period underscore the investor interest, with subscription rates soaring to 70.30 times the offered shares. The retail category witnessed a subscription of 7.86 times, while the Qualified Institutional Bidders (QIB) and Non-Institutional Investors (NII) categories experienced subscription rates of 192.72 times and 55.91 times, respectively.
Indegene IPO is also commanding a robust premium in the grey market, with the grey market premium today standing at ₹260 per share, indicating a substantial premium over the issue price.
As the IPO allotment process unfolds, investors eagerly anticipate the listing of Indegene Ltd’s equity shares on the BSE and NSE, scheduled for May 13.
Indegene IPO Demand Surge: Investor Enthusiasm Evident as Subscription Hits 70 Times
In anticipation of the IPO listing, investors are closely monitoring the grey market premium (GMP) trends, which serve as a barometer of market sentiment. Currently, the Indegene IPO commands a GMP of ₹260 per share, reflecting strong demand and investor confidence. This premium suggests a significant upside potential, with expectations of the stock listing at ₹712 per share, a substantial premium of 57.5% over the issue price. Such market dynamics underscore the perceived value and growth prospects associated with Indegene Ltd, further fueling investor interest and optimism.
Market Excitement: Indegene IPO Commands Strong Grey Market Premium, Signaling Positive Outlook
The Indegene IPO, which opened on May 6, garnered considerable attention due to its attractive pricing and the company’s promising business outlook. The price band for the IPO was set at ₹430 to ₹452 per share, with the issue size totaling ₹1,841.76 crore. The IPO comprised a combination of fresh equity shares and an offer for sale (OFS) component, enabling the company to raise capital for various purposes, including debt repayment, capital expenditure, and general corporate requirements. The overwhelming response from investors during the bidding phase underscores the confidence in Indegene’s business model and growth trajectory.
IPO Dynamics: Indegene Ltd’s Offering Attracts Institutional Backing and Retail Interest
Ahead of the IPO, Indegene Ltd secured significant investments from anchor investors on May 3, raising ₹548.78 crore. This strong anchor investor participation indicates institutional confidence in the company’s prospects and adds to the overall positive sentiment surrounding the IPO. With Kotak Mahindra Capital Company, Citigroup Global Markets India, JP Morgan India, and Nomura Financial Advisory and Securities (India) Pvt Ltd serving as the book running lead managers, and Link Intime India as the IPO registrar, Indegene Ltd is well-positioned to capitalize on the capital markets and embark on its next phase of growth as a listed entity.
