Indegene IPO Subscribed 7.35 Times On Day 2
The IPO has been subscribed 7.35 times as of 5 p.m. on Tuesday.
Indegene Ltd.'s initial public offering saw demand from non-institutional investors as the portion was subscribed 18.03 times, and 7.35 times overall on the second day.
The digital-first, commercialisation company has set a price band of Rs 430–452 per share for its three-day IPO, which is a mix of fresh issue of equity shares worth Rs 760 crore and an offer for sale of 2.39 crore shares by the existing shareholders. The minimum application lot size is 33 shares.
Indegene has raised Rs 548 crore from anchor investors, ahead of its initial public offering. The offer, which concludes on Wednesday, is set to list on the BSE and the National Stock Exchange, with a listing date scheduled for May 13.
Issue Details
Issue opens: May 6.
Issue closes: May 8.
Issue price: Rs 430–452 per share.
Fresh issue: Rs 760 crore.
Offer for sale: Rs 1,081.8 crore.
Total issue size: Rs 1,841.8 crore.
Listing: BSE and NSE.
Lot size: 33 shares or multiples thereof.
Use Of Proceeds
Repayment/prepayment of indebtedness of one of the material subsidiaries, ILSL Holdings Inc.
Funding the capital expenditure requirements of the company and one of the material subsidiaries.
General corporate purposes and inorganic growth
Subscription Status: Day 2
The IPO has been subscribed 7.35 times as of 5 p.m. on Tuesday.
Institutional investors: 5.59 times
Non-institutional investors: 18.03 times
Retail investors: 3.82 times
Employee Reserved: 3.18 times
