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Indegene Shares Soar with Strong Debut on NSE and BSE

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Indegene made a remarkable entry into the market today with its shares soaring on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Indegene share price opened at a significant premium, marking a strong debut.

The highly anticipated IPO of Indegene witnessed a subscription of nearly 70 times on its closing day. Qualified Institutional Buyers (QIBs) showed great interest with a subscription rate of almost 200 times, demonstrating the confidence in the company’s offering.

The price band for the Indegene IPO was set between ₹430 to ₹452 per equity share. The overwhelming response from investors reflected a strong demand for the healthcare technology company’s shares.

Key players such as Citigroup Global Markets, J.P. Morgan India, Nomura Financial Advisory, and Kotak Mahindra Capital were part of the book-running lead managers for the Indegene IPO, ensuring a smooth and successful offering.

Investorgain.com reported a grey market premium (GMP) of +307 for Indegene, indicating substantial investor interest in the shares even before the listing. The high GMP projected a positive listing for the company.

Indegene’s IPO also included an offer-for-sale (OFS) with major shareholders divesting equity shares. Notable entities such as CA Dawn Investments were part of the selling shareholders, contributing to the total offering in the IPO.

Rachel Adams

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