Mumbai, May 7 -- The initial public offer (IPO) of Indegene received 21,20,23,944 bids for shares as against 2,88,66,677 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (7 May 2024). The issue was subscribed 7.34 times.

The issue opened for bidding on Monday (6 May 2024) and it will close on Wednesday (8 May 2024). The price band of the IPO is fixed at Rs 430 to 452 per share. An investor can bid for a minimum of 33 equity shares and in multiples thereof.

The offer comprises fresh issue of equity shares worth up to Rs 760 crore and an offer for sale of 2,39,32,732 equity shares aggregating up to Rs 1,081.76 crore.

The objectives of the fresh issue include Rs 391 crore for repayment/prepayment of debt; Rs 103 c...