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Overview of Indegene Ltd IPO
IPO Date
6-May-2024 to 8-May-2024
Face Value
2 per share
Price Band
₹430 to ₹452
Lot Size
33 Share
Issue Size
40,746,891 shares (aggregating up to ₹1,841.76 Cr)
Listing At
BSE,NSE
Basis of Allotment
9-May-2024
Initiation of Refunds
10-May-2024
Credit of Shares to Demat
10-May-2024
Listing Date
13-May-2024
Cut off time for UPI Mandate
8-May-2024
Objective of Indegene Ltd IPO
The net proceeds from the issuance of 16,814,159 Equity Shares (worth Rs 760 crs) will be utilized to repay indebtedness of one the material subsidiaries (Rs 391 crs), funding capex (Rs 103 crs), rest of the funds (Rs 266 crs) have been kept for general corporate purpose.Indegene is a Mainboard IPO with a book-built issue of Rs. 1842 crores, with fresh issue of 1.68 crore shares and OFS of 2.39 crore shares. The IPO will open from 6th May 2024 to 8th May 2024, allotment is expected to be done on 9th May, and it will list on BSE and NSE on 13th May 2024. The price band is ₹430 to ₹452 per share, with a minimum lot size of 33 shares, and minimum investment amount of ₹14,916. The book running lead manager is Kotak Mahindra Capital, Citigroup Global Markets India, J.P. Morgan India and Nomura Financial Advisory and Securities. Link Intime India Pvt is the registrar for the issue.
About Indegene Ltd IPO
Indegene, incorporated in 1998, specializes in digital-driven commercialization services for the life sciences industry, with key offerings in drug development and clinical trials, regulatory submissions, pharmacovigilance and complaints management, and the sales and marketing. The company operates across four main service categories –
1) Enterprise Commercial Solutions,
2) Omnichannel Activation,
3) Enterprise Medical Solutions and
4) Enterprise Clinical Solutions and Consultancy services. As of 9MFY24, the company has 65 active clients.
Indegene Ltd IPO Financials
Particulars (in Cr) | 9MFY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Total Revenue Annual | 1,917 | 2,306 | 1,665 | 966 |
Operating Expenses Annual | 1,550 | 1,910 | 1,378 | 736 |
Operating Profit Annual | 367 | 396 | 287 | 231 |
Depreciation | 58 | 60 | 33 | 26 |
Interest Annual | 37 | 31 | 6 | 7 |
Tax Annual | 83 | 97 | 64 | 46 |
Net Profit Annual | 242 | 266 | 163 | 186 |
Total Share Holder Funds | 1,327 | 1,064 | 764 | 333 |
Fixed Asset Annual | 32 | 32 | 34 | 23 |
Total Non Current Asset | 715 | 715 | 190 | 114 |
Total Current Asset | 1,771 | 1,449 | 1,130 | 459 |
Total Asset Annual | 2,518 | 2,204 | 1,353 | 596 |
Book Value Per Share | ₹ 59.86* | ₹ 48.10 | ₹ 34.80 | ₹ 16.42 |
ROE | 18.23%* | 25.02% | 21.57% | 46.04% |
ROCE | 17.9%* | 23.10% | 32.40% | 57.30% |
Total Debt To Total Equity | 0.3 | 0.4 | 0.0 | 0.1 |
EBIDTA | 19.13% | 17.18% | 17.24% | 23.86% |
Cash From Operating | 354 | 130 | 297 | 172 |
Cash From Investing | -263 | -893 | -160 | -24 |
Cash From Finance | -44 | 333 | 233 | -132 |
Net Cash Flow | 47 | -430 | 370 | 16 |
Promoter's Holding
Total Share Capital
-
Offered to Public
-
Promoter’s Holding(Pre-Issue)
30.71%
Promoter’s Holding(Post-Issue)
-
The following points should be kept in mind:
Indegene IPO is a main-board IPO of 40,746,891 equity shares of the face value of ₹2 aggregating up to ₹1,841.76 Crores. The issue is priced at ₹430 to ₹452 per share. The minimum order quantity is 33 Shares.
The IPO opens on May 6, 2024, and closes on May 8, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Indegene IPO opens on May 6, 2024, and closes on May 8, 2024.
Indegene IPO lot size is 33 Shares, and the minimum amount required is ₹14,916.
The finalization of Basis of Allotment for Indegene IPO will be done on Thursday, May 9, 2024, and the allotted shares will be credited to your demat account by Friday, May 10, 2024. Check the Indegene IPO allotment status.
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