Indegene IPO opens next week. GMP, review, price, other details of upcoming IPO in 10 points

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Indegene IPO: The Initial Public offering (IPO) of Indegene Limited is a rare event, set to hit the Indian primary market on 6th May 2024. This marks a significant departure from the norm, as there has not been a single IPO launch during May in the last four General Election cycles. The period from April to June during these years has typically been slow for the primary markets due to election uncertainty.

However, the Lok Sabha polls jinx was broken after the launch of the JNK India IPO, followed by the Indegene IPO. The digital service provider company has fixed the Indegene IPO price band at ₹430 to ₹452. The upcoming IPO will open on 6th May 2024 and remain open till 8th May 2024, i.e., the book build issue will remain open from Monday to Wednesday next week.

Shares of Indegene Limited are trading at a substantial premium in the grey market today. According to the stock market observers, Indegene shares are trading at a premium of ₹246 in the grey market today. Giving IPO commentary for the week gone by, Mahavir Lunawat, Managing Director at Pantomath Capital Advisors, said, "Last week commencing 28th April, one mainboard IPO of JNK India makes stellar market debut, lists with 50% premium over the issue price.

Since 2004, there hasn't been a single IPO launch during May in the last four General Election cycles. Typically, the period from April to June during these years has been slow for the primary markets due to election uncertainty. However, this trend is expected to change now as three mainboard IPOs of Indegene Limited, TBO Tek Limited and Aadhar Housing Finance are set to be launched next week to raise 6,392 crores." 1] Indegene IPO GMP: Shares of the company are available at a premium of ₹246 in the grey