Indegene Limited is a digital commercialization company in the global life sciences sector. Serving emerging biotech and pharmaceutical firms, it offers comprehensive solutions in R&D, medical, regulatory, and commercial operations. Notably, 19 of the top 20 global biopharmaceutical companies are among its clients.
The company’s services can be divided into following categories:
- Enterprise Commercial Solutions
- Omnichannel Activation
- Enterprise Medical Solutions
- Enterprise Clinical Solutions and consultancy services
The subsidiary of the company, DT Associates Limited, provides consulting services under the “DT Consulting” brand. It helps life sciences companies manage their digital transformation efforts to ensure continued success in customer experience.
The company received the Platinum Level award at the 2023 Healthy Workplace Conference and Awards, a recognition given by Arogya World India Trust in partnership with the Public Health Foundation of India.
As of December 31, 2023, the company had 65 clients actively engaged with its services.
As of December 31, 2023, the company employed 5,181 people worldwide. Of these, 4,461 are based in India, 530 work in North America, 105 in Europe, 73 in China, and 12 in other regions.
Indegene IPO – Details
| IPO Opening Date | 06 May 2024 |
| IPO Closing Date | 08 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4,07,46,891 Shares Worth ₹1,841.76 Crore Fresh Issue: 1,68,14,159 Shares Worth ₹760.00 Crore Offer For Sale: 2,39,32,732 Shares Worth ₹1,081.76 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹430 – ₹452 |
| Market Lot | 33 Shares |
| Min Order | 33 Shares (1 Lot) |
| Employee Discount | ₹30 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Indegene IPO – Date Schedule
| IPO Open Date | 06 May 2024 |
| IPO Close Date | 08 May 2024 |
| Basis of Allotment Date | 09 May 2024 |
| Initiation of Refund | 10 May 2024 |
| Credit of Shares to Demat Account | 10 May 2024 |
| IPO Listing Date | 13 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 08, 2024 |
Indegene IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,916 |
| Retail (Max) | 13 | 429 | ₹1,93,908 |
| S-HNI (Min) | 14 | 462 | ₹2,08,824 |
| S-HNI (Max) | 67 | 2211 | ₹9,99,372 |
| B-HNI (Min) | 68 | 2244 | ₹10,14,288 |
Competitive Strengths
- Domain expertise in healthcare.
- Robust digital capabilities and in-house developed technology portfolio.
- Track record of establishing long-standing client relationships.
- Global delivery model.
- Experienced management and motivated talent pool supported by marquee investors.
- Track record of creating value through acquisitions.
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 996.92 | 768.24 | 149.41 | 24.76 |
| 31 March 2022 | 1690.49 | 1417.10 | 162.81 | 18.24 |
| 31 March 2023 | 2364.09 | 2001.05 | 266.09 | 394.34 |
| 31 December 2023 | 1969.74 | 1644.64 | 241.90 | 399.33 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 0.3 |
| RoNW | 18.23% |
| P/BV | 7.55 |
| PAT Margin (%) | 12.62 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.96 | 13.48 |
| P/E (x) | 37.78 | 33.53 |
Object Of The Issue
- Repayment/prepayment of indebtedness of one of the Material Subsidiaries, ILSL Holdings, Inc.;
- Funding the capital expenditure requirements of the Company and one of the Material Subsidiaries, Indegene, Inc.; and
- General corporate purposes and inorganic growth.
Indegene IPO Peer Comparison
There are no listed companies in India and globally that engage in a business that is similar to that of Indegene Company.
Indegene IPO Promoter Holding
| Pre Issue Share Holding | 30.71% |
| Post Issue Share Holding | – |
Indegene IPO Prospectus
Company Contact Information
| Indegene Limited Aspen Block G4, 3rd Floor, Manyata Embassy Business Park, Outer Ring Road, Nagawara Bengaluru 560 045 Phone: +91 80 4674 4567 Email: compliance.officer@indegene.com Website: https://www.indegene.com/ |
Indegene IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: indegene.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Indegene IPO Lead Manager(s)
| 1. J.P. Morgan India Private Limited 2. Kotak Mahindra Capital Company Limited 3. Citigroup Global Markets India Private Limited 4. Nomura Financial Advisory and Securities (India) Private Limited |
Indegene IPO FAQs
| What is Indegene IPO? Indegene IPO is a main-board IPO. The issue is priced at ₹430 to ₹452 per equity share. The IPO is to be listed on BSE & NSE. |
| When Indegene IPO will open? The IPO is to open on 06 May 2024 for QIB, NII, and Retail Investors. |
| What is Indegene IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Indegene IPO? You can apply Indegene IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Indegene IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Indegene”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Indegene IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Indegene“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Indegene IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Indegene”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Indegene IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Indegene”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Indegene IPO Size? Indegene IPO size is ₹1,841.76 Crore. |
| What is Indegene IPO Price Band? Indegene IPO Price Band is ₹430 to ₹452. |
| What is Indegene IPO Minimum and Maximum Lot Size? The minimum bid is 33 Shares with ₹14,916 amount while the maximum bid is 429 Shares with ₹1,93,908. |
| What is the Indegene IPO Allotment Date? Indegene IPO allotment date is 09 May 2024. |
| What is the Indegene IPO Listing Date? Indegene IPO listing date is 13 May 2024. The IPO is to list on BSE and NSE. |
