Indegene IPO

Indegene Ltd

₹14,190 /33 sharesMinimum Investment

Indegene IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE₹452.00₹655.00₹203.00 (44.91%)
Indegene IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
6 May ‘24 - 8 May ‘24₹14,19033₹430 - ₹452
Issue SizeIPO Doc
1841.76CrRHP PDF
Subscription Status As on 08 May '24, 4:00 PMQualified Institutional Buyers
139.10x
Non-Institutional Investor
49.79x
Retail Individual Investor
6.94x
Employees
5.42x
Total
52.27x
About IndegeneIndegene Limited provides digital-led commercialization services for the life sciences industry, specifically catering to biopharmaceutical, emerging biotech and medical devices companies. The company assistance in drug development, clinical trials, pharmacovigilance, regulatory submissions, complaints management, and sales/marketing. The company’s solutions enable its client companies to develop and sell products through their life cycle in a more effective, efficient and modern manner.
The company offers Enterprise Commercial Solutions and Omnichannel Activation solutions to address the commercial needs of life sciences companies. It also offers Enterprise Medical Solutions and Enterprise Clinical Solutions to support the medical and R&D functions of its client companies.;
Parent Organisation
Indegene Ltd
Founded
1998
Managing Director
Mr. Manish Gupta
https://www.youtube.com/watch?v=kjKRpoxL9OQ
Strengths & Risks
As of December 31, 2023, the company had 65 active clients. It provides solutions to these clients from its operation hubs situated across North America, Europe, and Asia.
As per the company’s RHP, it maintains long-standing relationships with major biopharmaceutical firms, including each of the 20 largest biopharmaceutical companies globally by revenue for the 2023 financial year.
The company meets its clients' needs through six operation hubs and 17 offices spread across North America, Europe, and Asia.
As per the company, it has completed several acquisitions since 2005, leveraging the synergies, networks, technologies, and talent pools of the acquired companies to its advantage.
The company reported revenue from operations of Rs. 966.27 cr, Rs. 1,664.6 cr and Rs. 2,306.13 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 185.68 cr, Rs. 162.81 cr and Rs. 266.09 cr respectively.
Since the company's business is entirely focused on the life sciences industry, and a significant portion of its revenue comes from certain large clients based in North America and Europe, its success and profitability are closely tied to factors impacting the life sciences industry and the ongoing relationships with these key clients.
The company relies on sub-contractors and third-party vendors to provide various services, including: (i) quality control services for pharmacovigilance; (ii) payroll services; (iii) software and web development; (iv) quality assurance; (v) medical information support; and (vi) campaign management.
The company, along with its subsidiaries and directors, is involved in ongoing legal proceedings. Any adverse outcomes in these proceedings could lead to liabilities or penalties, which might negatively impact the company's business and operating results.
The majority of the company’s revenues are derived from its Subsidiaries. Any disruptions in the operations of these Subsidiaries may adversely affect its business, financial condition, results of operations.
The company's international operations subject it to a range of challenges, including complex management issues, legal and tax risks, economic uncertainties, and fluctuations in exchange rates. These factors could have a detrimental impact on its business, financial condition, and operating results.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹430 - 452₹2 Lakh
Employee₹400 - 422₹2 Lakh
High Networth Individual₹430 - 452₹2 - 5 Lakh
For Indegene IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE	₹452.00	₹655.00	₹203.00 (44.91%)

Bidding Dates	Min. Investment	Lot Size	Price Range
6 May ‘24 - 8 May ‘24	₹14,190	33	₹430 - ₹452

Issue Size	IPO Doc
1841.76Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹430 - 452	₹2 Lakh
Employee	₹400 - 422	₹2 Lakh
High Networth Individual	₹430 - 452	₹2 - 5 Lakh

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