Indegene debuts with 46% premium

New Delhi: Shares of healthcare tech firm Indegene Ltd on Monday listed with a premium of nearly 46 per cent against the issue price of Rs452.The stock listed at Rs659.70, up 45.95 per cent from the issue price on the BSE. At the NSE, it started the trade at Rs655, registering a gain of 44.91 per cent. The Initial Public Offer (IPO) of Indegene got subscribed 69.71 times on the closing day of bidding on Wednesday last week.

The Rs1,841.75 crore IPO had a fresh issue of up to Rs760 crore and an offer-for-sale of up to 2,39,32,732 equity shares. The price band for the offer was Rs430-452 a share. Funds raised through the fresh issue would be used to pay debt, fund capital expenditure requirements, for payment of deferred consideration for one of its past acquisitions, funding inorganic growth and general corporate purposes.