Indegene IPO - Investment Rationale, Issue Details, Financials, Key Strategies, Risks And More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi's IPO Report.Indigene Ltd. will launch its initial public offering on May 6. The IPO will close on May 8. A provider of digital-led commercialisation services for the life sciences industry, including biopharmaceutical, emerging biotech and medical devices companies and the sales and marketing of their products has fixed a price band in the range between Rs 430-452 per share. The minimum order lot is 33..The Rs 1,841.76 crore IPO consists of a mix of fresh issuance of equity shares worth Rs 760 crore and an offer-for-sale of 2,39,32,732 equity shares by the existing shareholders.Indegene IPO allotment status is likely to get finalised on May 9..Object of the issueRepayment/prepayment of indebtedness of one of Material Subsidiaries, ILSL Holdings, Inc.Funding the capital expenditure requirements of company and one of Material Subsidiaries, Indegene, Inc.General corporate purposes and inorganic growth..Valuation and Outlook Indegene provides services for the life sciences industry. They assist with drug development, clinical trials, regulatory submissions, pharmacovigilance, complaints management, and sales/marketing support. The company has a proven track record of creating value through strategic acquisitions. Moreover, with a global footprint and delivery centers strategically located around the world, company offers support to clients on a global scale. This enables flexible collaboration, efficient project execution, and timely delivery of services across different regions. At the upper price band company is valued at P/E of 40.6 imes with a market cap of Rs 10,814 million post issue of equity shares. We believe that valuation of the company is fairly priced and recommend a “Subscribe” rating to the IPO. .Click on the attachment to read the full report:.TBO Tek Sets IPO Price At Rs 875-920 Per Share; Subscription Opens On May 8.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Indegene IPO - Investment Rationale, Issue Details, Financials, Key Strategies, Risks And More: Anand Rathi

The Rs 1,841.76 crore IPO opens on May 06 and closes on MaY 08, with a price band in the range of Rs 430-452 per share

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