Indegene IPO
Digital Pharma Services - Listed on 13 May 2024
Indegene IPO listing summary
Indegene (Digital Pharma Services) closed its IPO window in 2024 and listed on NSE and BSE on 13 May 2024 at an upper band issue price of Rs 452, opening at Rs 622 for a listing gain of +37.6% and closing day one at Rs 570 (+26.1% on closing basis). The IPO was subscribed 86.40x overall - QIB 125.51x, HNI/NII 50.36x, Retail 24.50x. The total issue size was Rs 1,841.76 Cr (Fresh Issue Rs 1150.81 Cr, OFS Rs 690.95 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Indegene IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 460 | +59.73% |
| Day 2 | Rs 500 | +112.83% |
| Day 3 | Rs 485 | +112.83% |
| Day 4 | Rs 520 | +111.73% |
| Day 5 | Rs 505 | +115.04% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Indegene IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Indegene IPO - FAQs
What was the listing gain of Indegene IPO?
Indegene IPO listed at +37.6% versus the upper issue price of Rs 452 on 13 May 2024.
How many times was Indegene IPO subscribed?
Indegene IPO was subscribed 86.40x overall. QIB portion was subscribed 125.51x, HNI / NII 50.36x and Retail 24.50x.
What was the IPO GMP for Indegene?
IPO GMP started at Rs 460 on Day 1 and moved to Rs 505 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.