Indegene IPO listing date today. GMP, experts signal up to 65% gain for allottees

livemint.com:

Indegene IPO: The listing date of the initial public offering (IPO) of Indegene Limited has been fixed on 13th May 2024. According to the official BSE website information, Indegene shares will be listed on the BSE and NSE in a special pre-opening session on Monday, 13th May 2024. Meanwhile, ahead of the Indegene share price debut on the Indian bourses, the grey market, an unofficial market where IPO shares are traded before they are officially listed, has gone highly bullish on Indegene IPO.

This indicates a strong demand for the IPO shares and a potential for high listing gains. These predictions from stock market observers and experts should make potential investors feel informed and knowledgeable about the Indegene IPO. According to stock market observers, Indegene IPO GMP (grey market premium) has surged and signaling more than 65 percent listing gain for the lucky allottees.

Market experts are also highly bullish on Indegene IPO as they are expecting that Indegene share price may list in ₹740 to ₹760 per share range. Amit Goel, Co-Founder & Chief Global Strategist at Pace 360, shares his expert opinion on the Indegene IPO listing price. Despite its seemingly high price based on FY24 annualized earnings, Goel believes the company's niche position in the segment makes it a reasonably priced offering.

He anticipates a listing price range of approximately ₹740 to ₹760 per share, potentially yielding a listing gain of around 65%. The bullish sentiment on the Indegene IPO is backed by a robust oversubscription of about 70x, indicating a strong listing when it debuts on the bourses. The StoxBox expert attributes this optimism to Indegene's role as a provider of digital-led commercialization services for the life sciences