Indegene IPO: What does GMP signal ahead of share listing on Monday?

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₹290 per share. This means that Indegene shares are trading higher by ₹290 apiece in the grey market than their IPO price of ₹452 per share. Considering the IPO price and the GMP today, Indegene IPO listing price is estimated to be around ₹742 per share, which is at a premium of 64.16% to the issue price.

Also Read: Aadhar Housing Finance IPO allotment to be out on May 13. Latest GMP, steps to check application status Indegene IPO listing date is fixed on May 13, Monday. The shares of Indegene Ltd will make their debut on both the stock exchanges, BSE and NSE, on May 13.

“Trading Members of the Exchange are hereby informed that effective from Monday, May 13, 2024, the equity shares of Indegene Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities," a notice on BSE said. The trading in Indegene shares will begin at 10 am on Monday and the scrip will be a part of Special Pre-open Session (SPOS). Indegene IPO has received robust demand during its subscription period.

The IPO has been subscribed 70.30 times in total as the issue received bids for 201.24 crore equity shares as against 28.62 lakh shares on the offer. The public issue was subscribed 7.86 times in the retail category, while the Qualified Institutional Bidders (QIB) category was booked 192.72 times. The Non-Institutional Investors (NII) portion was subscribed 55.91 times by May 8.

Also Read: TBO Tek IPO allotment to be finalised on May 13. Latest GMP, steps to check status The bidding for Indegene IPO began on May 6 and ended on May 8. The IPO allotment was finalized on May 10 and the equity shares of Indegene will be listed on both the stock exchanges - BSE and NSE - on May 13.