Indegene Ltd

Indegene Ltd IPO

IPO Price Range: ₹430 - 452

Indegene Limited provides digital-led commercialization services for the life sciences industry, including biopharmaceutical, emerging biotech and medical devices companies, that assist them with drug development and clinical trials, regulatory submissions, pharmacovigilance and complaints management, and the sales and marketing of their products. The Company combines over two decades of healthcare domain expertise and its technology platforms to provide solutions that assist life science companies in clinical trials, support their regulatory and safety operations, aid in the launch of their products in the market and drive sales and marketing through the life cycle of their products. Its portfolio of solutions covers all aspects of commercial, medical, regulatory and R&D operations of life sciences companies. As of December 31, 2023, the company had 65 active clients whom it caters to from six operation hubs and 17 offices located across North America, Europe and Asia.

Min Investment

₹14,916

IPO Size

₹1,841 Cr

IPO Status

Closed

Quantity in 1 Lot

33

Max Bid allowed

13

Listing Exchange

NSE

IPO Application Timeline of Indegene Ltd

Open Date6 May 2024
Close Date8 May 2024
Allotment Date9 May 2024
Listing Date13 May 2024

IPO subscribed over

🚀 69.91x

This IPO has been subscribed by 7.95x in retail and 197.55x in QIB.

Subscription Rate

Total Subscription69.91x
Retail Individual Investors7.95x
Qualified Institutional Buyers197.55x
Non Institutional Investors55.07x

Key Statistics

Bid Opening DateBid Opening Date6 May 2024
Bid Closing DateBid Closing Date8 May 2024
Allotment DateAllotment Date9 May 2024
Issue SizeIssue Size₹1,841.76Cr
Quantity in 1 lotQuantity in 1 lot33

Strength and risks

Strength

Strength

  • Domain expertise in healthcare.

  • Robust digital capabilities and in-house developed technology portfolio.

  • Track record of establishing long-standing client relationships.

  • Global delivery model.

  • Experienced management and motivated talent pool supported by marquee investors.

  • Track record of creating value through acquisitions.


Risk

Risk

  • Its business is solely focused on the life sciences industry and may be adversely impacted by factors affecting the life sciences industry, including the growth of the overall life sciences industry, outsourcing and other trends.

  • As its business is solely focused on the life sciences industry and a significant portion of its business is attributable to certain large clients located in North America and Europe, its business and profitability is dependent on factors affecting the life sciences industry and the company continuing relationships with such key clients.

  • Its business and revenue models may be unfamiliar to prospective investors.

  • The majority of its revenues are derived from the company Subsidiaries. Any disruptions in the operations of one or more of its Subsidiaries may adversely affect its business, financial condition, results of operations.

  • The company proposes to utilize approximately 52.41% of the Net Proceeds by way of investments in its Subsidiaries by way of debt, towards identified objects of the Offer. The use of such funds will be subject to the laws of the countries in which its Subsidiaries are incorporated, and the company may have limited control over the manner in which such funds are utilized.

  • The life sciences operations industry is highly competitive, and it is difficult to predict its future prospects.

  • Its business continuity and disaster recovery plans may be inadequate. If any disruption that the company has not contemplated in its business continuity and disaster recovery plans occurs or if the company is unable to ensure that key services are resumed within agreed timelines, its business, financial condition and results of operations may be adversely affected.

  • There may be delays in timing of revenue recognition which may cause its margins to fluctuate.

  • If the company is unable to manage attrition and attract and retain skilled professionals, it may have an adverse impact on its business prospects, reputation and future financial performance.

  • If the company underprice its work orders, overrun its cost estimates, or fail to receive approval for or experience delays in documentation of change orders, its business, financial condition, results of operations, or cash flows may be adversely affected.

About Indegene Ltd

OrganisationIndegene Ltd
HeadquartersBengaluru
IndustryHealthcare

Frequently Asked Questions

  • What is the size of the Indegene Ltd IPO?

    The size of the Indegene Ltd IPO is ₹1,841.76Cr .

  • What is 'pre-apply' for Indegene Ltd IPO?

    'Pre-apply' for Indegene Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Indegene Ltd IPO order be placed?

    Your Indegene Ltd IPO order will be placed on 6 May 2024.

  • What are the open and close dates of the Indegene Ltd IPO?

    The open and close dates of the Indegene Ltd IPO are 6 May 2024 to 8 May 2024.

  • What is the lot size and minimum order quantity of the Indegene Ltd IPO?

    The lot size and minimum order quantity of the Indegene Ltd IPO are 33 and 33 respectively.

  • What would be the listing gains on the Indegene Ltd IPO?

    The potential listing gains on the Indegene Ltd IPO will depend on various market factors and cannot be predicted with certainty.