bullish
Indegene Limited Pre-IPO: Subscribe on Profitable Niche Business Model and Attractive Valuation
Tina has highlighted this Insight as a Top Pick
955 Views29 Apr 2024 15:23
SUMMARY
- Indegene Limited (1864095D IN) has set IPO price band at INR430–452 per share. The IPO consists of fresh issue as well as OFS by existing shareholders.
- Considering FY24 annualized post-IPO EPS of INR13.48, Indegene seeks a P/E valuation of 31.9–33.5x.
- Considering niche business focus, proven execution capability, marquee clientele, long-standing client relationship, life science focus, and comprehensive offering, Indegene’s valuation seems quite attractive.
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Tina Banerjee
Global Healthcare Analyst
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