Indegene Ltd. IPO

Indegene is a digital-first life sciences commercialization partner. They focus on biopharma, biotech, and medical device companies, helping them develop, launch, and grow their products throughout the lifecycle. With over 20 years of experience, they combine deep industry knowledge with digital solutions. Their services span marketing, medical affairs, clinical research, and regulatory submissions. Notably, they partner with the top 20 global biopharmaceutical companies.

RHP
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DRHP
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Open Date

2024-05-06

Close Date

2024-05-08

IPO Details

Check out the issue details for Indegene Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 452

Price Band

₹ 430 - 452

Issue Size

1841.76 Cr.

Issue Type

Book Built

Open

2024-05-06

Close

2024-05-08

Listingprice

₹ 655

ListingGain

44.91%

Listing Date

2024-05-13

CMP

₹ 555.1

Current Return

22.81%

Company Financials

You can get the following financial statements of Indegene Ltd. as of now.

Subscription Details

The details about the Indegene Limited IPO is as:

  • The issue size of the IPO is 1841.76 Cr.
  • The price band for Indegene Limited IPO is Rs 430 to Rs 452.
  • The employees of the company will get a discount of Rs 30. 
  • The shares of Indegene Limited IPO will list on 13th May 2024.
  • The latest tentative GMP of Indegene Limited IPO is Rs 260.
  • The shares of Indegene Limited IPO is subscribed 70.30 Times as of 8th May 2024.

 

Indegene Limited IPO Valuation

The approx valuation of Indegene Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 452
Existing Shares (Qty) 22.24 Cr
Fresh Issue 760 Cr
Market Cap 10,812.48 Cr
EPS (FY23) Rs 12.03
PE Ratio 37.57x

 

Indegene Limited IPO Issue Size

Indegene Limited IPO issue size is 1841.76 Cr

Issue Amount
Fresh Issue 760 Cr
Offer For Sale 1081.76 Cr

 

Indegene Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 33 shares and a maximum of 13 lots of 429 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 33 14,916
 Maximum 13 429 1,93,908

 

Indegene Limited IPO share offer

The shares of Indegene Limited IPO is subscribed 70.30 Times as of 8th May 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 192.72 Times
Non-Institutional Minimum 15% 55.91 Times
Retail Individual Minimum 35% 7.86 Times
Employee 2,96,209 Shares 6.62 Times
Total   70.30 Times

Allotment Details

Find below the dates for Indegene Limited IPO:

Schedule Date
Basis of Allotment 9 May 2024
Refunds 10 May 2024
Credit to Demat Account 10 May 2024
IPO Listing Date 13 May 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 282.22 334.5 511 836.7 1005.7
Total Expenditure 230.05 248.61 361 668 828.1
Operating Profit 52.16 85.89 150 168.7 177.6
Other Income 12.29 15.2 24.5 27.8 37.1
Interest 1.4 3.4 3.5 3 6.4
Depreciation 4 13.4 17.6 23.6 31.7
Exceptional Items 0 -43.7 3 0 0
Profit Before Tax 59.06 40.59 156.4 169.9 176.6
Provision for Tax 8.29 13.8 26.9 37.2 46.4
Net Profit 50.77 31.69 132.4 132.7 130.2
Adjusted EPS (Rs.) 0.26 0.14 0.69 0.53 0.59

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 78.87 0.3 0.3 0.4 44.3
Total Reserves 158.45 -3.4 253.6 649.6 751
Borrowings 0 315.3 0 0 0
Other N/C liabilities 7.19 8.1 7.1 48.8 59.4
Current liabilities 74.77 93.8 93.3 140.7 169.4
Total Liabilities 319.28 414.1 354.3 839.5 1024.1
Assets
Net Block 8.17 9 40.6 72 78.3
Capital WIP 0 22.3 0 0 0
Intangible WIP 0 0 0 0 0
Investments 134.07 251.4 83.4 83.4 231.5
Loans & Advances 74.42 12.7 12.3 149.5 11.1
Other N/C Assets 0.33 0.2 0.1 0.1 0.3
Current Assets 102.28 118.5 217.9 534.5 702.9
Total Assets 319.28 414.1 354.3 839.5 1024.1
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 59.06 40.59 159.9 169.9 176.6
Adjustment -6.19 61.3 11.3 15.5 32.8
Changes in Assets & Liabilities 23.31 2.7 -92.3 -111.3 -85.7
Tax Paid -13.89 -15 -25.6 -35.9 -41.8
Operating Cash Flow 62.29 89.5 53.3 38.2 81.9
Investing Cash Flow -69.57 -51 -34.1 -266.9 -51
Financing Cash Flow 15.22 -18.5 -37.1 244.9 -16.9
Net Cash Flow 7.95 20 -17.9 16.2 14
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