Indegene makes strong market debut; lists 46% premium over issue price

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Indegene makes strong market debut; lists 46% premium over issue price

Indegene had a successful stock market debut, listing at Rs 659.70, a 46% premium over its issue price of Rs 452 per share on the BSE. Despite trading at Rs 579.90 with a 28% premium over the issue price, it fell 12% from its listing price on the BSE. The stock saw a healthy response with the IPO being subscribed 70.30 times.

Indegene, a healthcare research, analytics, and technology company, operates with a unique business model and has strong client relationships with top global biopharmaceutical companies. The company offers services to 65 clients and operates through an AI and ML-based proprietary platform. Analysts see Indegene as a leading provider of digital-led commercialization services tailored for the life sciences industry, with a focus on advanced tech solutions and deep domain expertise.

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