IPO News: Life Science Tech Company Indegene’s Public Listing Opening Date, Price Band, and More

IPO News Latest: Indegene Limited’s Initial Public Offering (IPO) is scheduled to launch in the Indian primary market on May 6, 2024, and will remain open until May 8, 2024, i.e., the book build issue will be open from Monday to Wednesday next week. According to market experts, Indegene shares are currently trading at a premium of Rs 246 on the grey market.

Indegene IPO Price Band

The digital service provider company that caters to the Life Sciences industry has set a fixed price band for its upcoming IPO of Rs 430 to Rs 452. The upcoming IPO will include both fresh shares and OFS. The company intends to raise a significant amount of Rs 1,841.76 crore through its IPO. The issuance of new shares is expected to raise Rs 760 crore of this total. The remaining Rs 1,081.76 crore is reserved for the OFS route, which allows existing shareholders to exit.