Indegene IPO shares are trading with a GMP of Rs 290 in the unlisted market, and considering the upper price band of Rs 490, the stock is expected to list with a premium of over 60%. Ahead of the issue opening, the company raised nearly Rs 549 crore from anchor investors.
The stock continued to remain the most valued listed company in the country despite the decline.
Domestic equities ended flat on Friday as MPC matched market expectations, while supportive measures announced by the RBI Governor helped strengthen the rupee.
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