Investors responded favorably to Indegene’s initial public offering (IPO), purchasing 21.21 crore equity shares on May 7, the second day of bidding, which was 7.35 times more than the offer size of 2.88 crore equity shares.
High net worth people who are not institutional investors continued to hold the top spot, selecting 18.03 times the percentage that was set aside for them. Qualified institutional purchasers came in second, selecting 5.59 times the piece that was put aside for them.
According to exchange data, employees selected 3.18 times and retail investors 3.82 times the allocated quota. The issue has a closing price range of Rs 430–452 per share. It closes on May 8.
A few examples of institutional investors are Whitak Capital, DSP Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, ICICI Prudential MF, Abu Dhabi Investment Authority, East Bridge Capital Master Fund, Copthall Mauritius Investment, and Smallcap World Fund Inc.
With a net profit that increased 11.3 percent year over year to Rs 241.9 crore for the nine months that ended in December of FY24 and solid operating results, the company’s financial performance remained sound. During the same quarter, revenue from operations increased by 14.5 percent on an annual basis to Rs 1,916.6 crore.
Earnings before interest, tax, depreciation, and amortization, or EBITDA, rose by 22.8 percent to Rs 366.7 crore during the quarter, with a margin growth of 130 basis points at 19.1 percent when compared to the same time in the previous fiscal year.
