Indegene IPO allotment is available today: here’s how to check the status online
Bidders for the Indegene IPO can determine their allotment status and the number of shares allocated to them through the Allocation Basis
The initial public offering (IPO) of Indegene Ltd garnered strong interest from investors across various categories, with the public offering oversubscribed by more than 70 times.
The bidding period for Indegene’s IPO has closed and the allotment status of Indegene’s IPO will be finalized today. The public subscription for the IPO of Indegene started on May 6 and ended on May 8.
Bidders for Indegene’s IPO can determine their allotment status and the number of shares allocated to them based on the allotment basis. The shares will be deposited into the demat accounts of successful bidders on May 10. Applicants whose bids are not accepted will receive a refund of their application fee on the same day.
Investors have the option to check the Indegene IPO allotment status online through the official BSE website or the IPO registrar portal. The registrar for the IPO of Indegene is “Link Intime India”.
Following are the steps to check the IPO allotment status of Indegene on the BSE website:
1. Open the BSE website (bseindia.com/investors/appli_check.aspx)
2. Select ‘Shares’ under ‘Issue type’
3. Click “Indegene Limited” from the “Issue Name” drop-down menu.
4. Enter the application number or PAN card details
5. Click “Search” to view the allotment status of the Indegene IPO
Following are the steps to check the Indegene IPO allotment status on Link Intime India:
1. Open the Link Intime website (https://linkintime.co.in/initial_offer/public-issues.html)
2. Click on “Indegene Limited” from the “Select Company” drop-down menu.
3. Select from the given options: PAN, Application Number, Depository Participant (DP)/Customer ID and Account Number
4. Fill in the details according to the option
5. Click ‘Submit’ to view the allotment status of the Indegene IPO
Indegene IPO: Subscription status
During the bidding phase, Indegene’s IPO attracted significant interest; in total, it was oversubscribed 70.30 times, receiving bids for 2.1 billion shares against the 2.8 million shares on offer. As of May 8, the retail category was subscribed 7.86 times, the qualified institutional bidder category was subscribed 192.72 times and the non-institutional investor category was subscribed 55.91 times.
Indegene IPO: Gray Market Premium (GMP) today
Indegene’s IPO is witnessing strong gray market demand, with the current gray market premium (GMP) standing at Rs 275 per share, according to market analysts. This suggests that Indegene shares are trading at a premium of Rs 260 compared to their issue price of Rs 452 in the gray market.
Taking into account the current GMP and the IPO price, it is expected that Indegene’s shares could debut at Rs 712 per share, which represents a premium of 57.5 percent over the issue price.
First print: May 10, 2024 | 12:37 pm IST