Indegene Limited’s IPO, breaking the May launch drought during Indian elections, offers shares at ₹430-₹452. The book build is open till May 8, 2024. The current grey market premium is ₹246/share. IPO aims to raise ₹1841.76 crore, with ₹760 crore from fresh shares. The lot size is 33 shares. Likely allotment date: May 9; listing: May 13. Analysts recommend subscribing, citing robust growth, tech innovation, and market expansion. Grey market demand signals potential listing gains. However, investors are advised to consult experts due to market volatility.
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