Indegene IPO allotment: Step-by-step guide to check status
Investors can check their allotment status online through either the Bombay Stock Exchange (BSE) or Link Intime India, the registrar to the issue.
In Short
- Indegene IPO oversubscribed by 70 times
- Price range set between Rs 430-452 per share
- Expected to be listed by May 13, 2024
The initial public offering (IPO) of Indegene Limited closed for public issue on Thursday, receiving an overall subscription of over 70 times.
The IPO received bids for 2,01,24,98,532 shares against the offered 28,625,450 equity shares.
The IPO saw an overall subscription of 70.30 times. The retail category saw a subscription of 7.86 times, while the Qualified Institutional Buyers (QIB) category led with 192.72 times, and the Non-Institutional Investors (NII) category reached 55.91 times subscription.
The price range for the IPO was set between Rs 430-452 per share.
Final allotments are expected to be completed by Thursday, with the company aiming to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) by May 13, 2024.
Investors keen to know their allotment status can easily do so online. They can visit either the Bombay Stock Exchange (BSE) or Link Intime India, the registrar to the issue.
Steps to check allotment through BSE
Visit the BSE website by clicking here
Choose Equity under the issue type.
Select Indegene Limited from the drop-down menu.
Enter the application number and PAN card ID.
Click 'I am not a Robot' and then submit.
Steps to check allotment through Link Intime India
Visit the Link Intime India website by clicking here
Select Indegene Limited.
Choose the Application Number/Demat Account/PAN option and input the details.
Enter the Captcha.
Click 'SUBMIT'.
Latest GMP for Indegene IPO
The latest Grey Market Premium (GMP) for the Indegene IPO is Rs 294 as of May 9, 2024, at 9:30 AM.
Given the price band of Rs 452 for the IPO, the estimated listing price for Indegene IPO would be Rs 746 (cap price + today's GMP). This represents an expected percentage gain of 65.04% per share.
The book running lead managers for the Indegene IPO are Kotak Mahindra Capital Company, Citigroup Global Markets India, JP Morgan India, and Nomura Financial Advisory and Securities (India).