![Indegene shares drop 4% as Q4 profit falls sequentially](https://images.assettype.com/fortuneindia%2F2024-05%2Fc6062dab-0deb-4b00-b9f8-615e7ffbda5c%2FIndegene_listing.jpg?w=300&q=95)
Indegene shares drop 4% as Q4 profit falls sequentially
The healthcare tech stock, which debuted on May 13, 2024, trades 11.6% higher than the IPO price.
The healthcare tech stock, which debuted on May 13, 2024, trades 11.6% higher than the IPO price.
The shares of Indegene listed at ₹659.70 on the BSE, against the IPO price of ₹452 per equity share.
The IPO of Aadhar Housing Finance garnered a subdued response from investors on the first day of bidding, with the issue subscribing by 0.44 times.
The Bengaluru-based healthcare tech firm has allotted 1.2 crore shares to 36 anchor investors at the upper price band of ₹452 per equity share.
Indegene, Aadhar Housing Finance, and TBO Tek look to collectively raise around ₹5,200 crore via IPO route.
The IPO of the Bengaluru-based firm comprises a fresh issue of equity shares worth up to ₹760 crore and an offer for sale (OFS) component of ₹1,082 crore.