In a challenging market scenario, the Indegene IPO has debuted strongly with a 45% premium. What lies ahead?

Indegene, a company providing digital services in the life sciences industry, made its IPO debut on May 13th, Monday. The stock listed with a 45% premium on its debut. The company had offered this IPO at an issue price of ₹452 per share, totaling ₹1,841.75 crores. It debuted on the market at ₹655 per share. The issue listed at a premium of 45% on NSE, at ₹655, while on BSE, it listed at ₹659.7 with a premium of 46%. Now, the question arises: What are the next steps for Indegene amidst this strong listing in a weak market?



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