Indegene Limited, has allotted, 1,21,41,102 Equity Shares to 36 anchor investors and raised ₹ 548.77 crores ahead of company’s proposed IPO at the upper price band of ₹ 452 per equity share (including premium of ₹ 452 per equity shares) with face value of ₹ 2 per share.
The anchor book saw participation from a wide variety of marquee investors, including Capital Group, one of the world's largest investment management firms, Fidelity Investments, Loomis Sayles & Company, Jupiter Asset Management, Abu Dhabi Investment Authority, SBI Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, DSP Mutual Fund, Premji Invest, Custody Bank of Japan, WhiteOak Capital Management, UTI Mutual Fund, Bandhan Mutual Fund, Invesco Mutual Fund, Edelweiss Mutual Fund, Baroda BNP Paribas Mutual Fund, Aditya Birla Sun Life Insurance Company Limited, Bajaj Allianz Life Insurance Company Limited, Bharti AXA Life Insurance Company Limited, East Bridge Capital Master Fund Limited, Kotak Funds and Copthall Mauritius Investment Limited
Out of the total allocation of 12,141,102 Equity Shares to the Anchor Investors, 48,05,156 Equity Shares (i.e. 39.58% of the total allocation to Anchor Investors) were allocated to 10 domestic mutual funds through a total of 18 schemes.
The Offer comprises of a Fresh Issue of equity shares aggregating up to ₹ 7,600 Million (The “Fresh Issue”) and an offer for sale of up to 23,932,732 Equity Shares (The “Offered Shares”), comprising of up to 1,118,596 Equity Shares by Manish Gupta aggregating up to such million, up to 3,233,818 Equity Shares by Dr. Rajesh Bhaskaran Nair aggregating up to such million, up to 1,151,454 Equity Shares by Anita Nair aggregating up to such million (Collectively with Manish Gupta and Dr. Rajesh Bhaskaran Nair, The “Individual Selling Shareholders”), up to 3,600,000 Equity Shares by Vida Trustees Private Limited (Trustee of Fig Tree Trust) in its capacity as partner of Group Life Spring aggregating up to such million, up to 2,657,687 Equity Shares by BPC Genesis Fund I SPV, Ltd. aggregating up to such million, up to 1,378,527 Equity Shares by BPC Genesis Fund I-A SPV, Ltd. aggregating up to such million and up to 10,792,650 Equity Shares by CA Dawn Investments aggregating up to such million (Collectively with Vida Trustees Private Limited, BPC Genesis Fund I SPV, Ltd And BPC Genesis Fund I-A SPV, Ltd., The “Investor Selling Shareholders” And Collectively With The Individual Selling Shareholders, The “Selling Shareholders” And Such Equity Shares, The “Offered Shares”).
The offer includes a Reservation of up to such number of Equity Shares, aggregating up to ₹125 Million, for subscription by Eligible Employees (“Employee Reservation Portion”). The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”. A discount of ₹30 per equity share is being offered to Eligible Employees bidding in the Employee Reservation Portion (“Employee Discount”).
The Company intends to use the proceeds of the Fresh Issue utilize towards funding the Repayment/prepayment of indebtedness of one of its Material Subsidiaries, ILSL Holdings, Inc., funding the capital expenditure requirements of the Company and one of its Material Subsidiaries, Indegene, Inc. as well as funding the general corporate purposes and inorganic growth.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers to the issue.
