In today’s briefing:
- Indegene IPO – Marquee Clients, Strong Track Record, Decent Valuation
- Gridwiz IPO Preview
Indegene IPO – Marquee Clients, Strong Track Record, Decent Valuation
- Indegene Limited (1864095D IN) is looking to raise US$220m in its India IPO, via selling a mix of primary and secondary shares.
- Indegene is a “digital-first” commercialisation firm with an exclusive focus on the global life sciences industry.
- In this note, we will look at peers and discuss our thoughts on valuation.
Gridwiz IPO Preview
- Gridwiz is getting ready to complete its IPO on KOSDAQ in June. Gridwiz focuses on the power demand resource management (DR) business, involving utilities, energy storage system, and solar power.
- The IPO price range is from 34,000 won to 40,000 won. The IPO offering amount ranges from 47.6 billion won to 56 billion won.
- According to the bankers’ valuation, the market capitalization post listing is expected to reach 285 billion won to 335 billion won.
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