Indegene Limited provides digital-led commercialization services to the life sciences industry. They aid with various services such as drug development, clinical trials, regulatory support, sales and marketing support, complaints management, etc., basically focused on modernizing healthcare operations. The company has a unique business model and enjoys virtual monopoly in its business that generates over 98% global revenue. It marked steady growth in its top and bottom lines for the reported periods, and the segment is poised for bright prospects ahead.

The company's services can be divided into the following categories:

Enterprise Clinical Solutions and consultancy services

Indegene IPO is a main-board IPO of 40,746,891 equity shares of the face value of ₹2 aggregating up to ₹1,841.76 Crores.

 - Indegene IPO opens on 6th may, 2024 and the last date to apply is 8th May, 2024.

IPO Listing Date - Indegene would be listed on NSE and BSE on 13th May, 2024.

Price Band - The price band for Indegene IPO is 430-452 rs per share

Lot size - Investors can bid in a lot of 33 shares for a minimum of 1 lot and a maximum of 13 lots for retail investors.

As of 6th May, 2024, the Grey Market Premium for Indegene stands at ₹260. Considering the upper band of the IPO and the existing GMP, analysts suggest that Indegene's IPO could list at an approximate price of ₹712 per share, indicating strong investor interest and confidence in the company's future prospects.

Indegene Limited's revenue increased by 39.85% and profit after tax (PAT) rose by 63.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Indegene IPO

Buying a house in a bustling metropolis like Mumbai can seem daunting, especially for a 20-year-old aspiring homeowner. However, with the right financial strategy and a solid investment plan, it’s entirely feasible to achieve your goal by the time you turn 35. In this blog, we will explore the financial landscape of Mumbai real estate, the importance of early investments, and a structured approach to accumulating wealth through systematic investment plans (SIPs).

Mumbai is not just the financial capital of India; it’s also one of the most sought-after real estate markets in the country. Over the years, property prices in Mumbai have been on a steep rise, with an annual growth rate (CAGR) of approximately 15-18%. To illustrate this, let’s consider a property currently valued at ₹1 crore:

As evident, if you wait to buy a house without planning ahead, you could be faced with a significantly higher down payment in the future.

Starting your investment journey as early as possible can drastically alter your financial landscape. For instance, let’s apply the 

By investing ₹15,000 per month for 15 years, you would contribute a total of ₹27 lakhs. Assuming a compounded annual growth rate (CAGR) of 15%, your investment could grow to over ₹1 crore.

SIPs (Systematic Investment Plans) allow you to invest regularly, which not only mitigates risks associated with market volatility but also encourages disciplined savings. The power of compounding means that even small, regular investments can lead to significant wealth accumulation over time.

Now, let’s consider a slight twist: if you increase your SIP amount by 20% annually. This means you would start with ₹15,000 in the first year, then invest ₹18,000 in the second year, and continue this pattern.

: This would lead to a substantial increase in your corpus, potentially crossing ₹2 crores by the end of the 15 years.

This small change in strategy can create a difference of over ₹1 crore when you’re ready to make that down payment.

Consider the story of Riya, a young professional who started investing at 20. By adhering to the 15-15-15 rule and stepping up her SIP, she not only managed to buy her first home in Mumbai but also built a solid financial cushion for her future.

: The earlier you start, the more you can benefit from compounding.

: Don’t put all your eggs in one basket; explore various investment options like mutual funds, stocks, and fixed deposits alongside your SIP.

: Keep abreast of market trends, especially in the real estate sector. Knowledge is power.

: Seek advice from financial professionals to tailor a plan that suits your needs and risk appetite.

Investing in real estate, especially in a dynamic market like Mumbai, requires strategic planning and disciplined execution. By starting early and leveraging SIPs, you can create a substantial corpus that allows you to navigate the complexities of property ownership. Remember, time is on your side; the sooner you start investing, the closer you’ll get to your dream home.

With a little foresight and a consistent investment strategy, you’ll be well on your way to making that dream a reality. So, why wait? Start your investment journey today with platforms like Growmax Capital and watch your wealth grow!

Discover the 15-15-15 Rule for investing—how a monthly SIP of ₹15,000 can grow to over ₹1 crore in 15 years. 

Investing in Real Estate: Your Path to Homeownership in Mumbai

The upcoming Saraswati Saree Depot IPO, opening on August 12, 2024, has generated considerable interest among investors. As a well-established player in the women’s apparel industry, the company’s IPO aims to raise ₹160.01 crore to support its working capital requirements and general corporate purposes. This article provides a detailed analysis of the IPO, evaluating its financial performance, key metrics, and potential risks, and concludes with a recommendation on whether investors should subscribe.


Saraswati Saree Depot, founded in 1966, is engaged in the manufacturing and wholesale of women’s apparel. The company has a long-standing presence in the industry, and its upcoming IPO represents a significant step towards raising capital for growth and expansion.

Issue Type: Book-Built
Issue Size: ₹160.01 crore
Price Band: ₹152 - ₹160 per share
Lot Size: 90 shares
IPO Open Date: Monday, August 12, 2024
IPO Close Date: Wednesday, August 14, 2024
Basis of Allotment: Friday, August 16, 2024
Listing Date: Tuesday, August 20, 2024


Saraswati Saree Depot has shown consistent growth in both revenue and profit over the past few years:

Increased from ₹550.31 crore in March 2022 to ₹612.58 crore in March 2024.


 Rose significantly from ₹12.31 crore in March 2022 to ₹29.53 crore in March 2024, highlighting strong profitability growth.


Grew from ₹169.93 crore to ₹205.94 crore, reflecting a healthy expansion of business operations.


 Reduced from ₹66.62 crore to ₹43.49 crore, demonstrating improved financial stability and reduced leverage.

: Substantially increased from ₹12.41 crore in March 2022 to ₹64.91 crore in March 2024, indicating robust value creation and financial health.

At 27.58, the P/E ratio is moderate, suggesting that the valuation might be reasonable relative to earnings.
Return on Equity (ROE) and Return on Capital Employed (ROCE):

High at 58.88%, indicating efficient use of equity capital.
ROCE: Very strong at 64.46%, reflecting effective capital utilization.
Debt/Equity Ratio:

 Stands at 0.67, which is manageable and suggests that the company is not overly leveraged.
Price/Book Value:

 At 14.97, indicates a premium valuation. This suggests that the stock might be priced higher than its book value, potentially increasing risk if growth expectations are not met.



As of August 9, 2024, the GMP is ₹25, which translates to an expected listing gain of approximately 15%. This positive GMP indicates strong market interest and potential short-term gains for investors.

Both revenue and profit have shown steady growth, signaling a robust business model.


Increasing assets demonstrate healthy business expansion.


 The company’s debt levels are reasonable and have decreased over time, enhancing financial stability.


 The high price-to-book value ratio suggests a premium valuation. If the company fails to meet its growth targets, the stock could face higher risks.


Based on the company's solid financial health, consistent growth, and the positive GMP, the Saraswati Saree Depot IPO appears attractive for both short-term and long-term investors. The strong financial metrics and manageable debt levels support a favorable outlook, despite the premium valuation risk.

Growmax recommends subscribing to the IPO. Whether you are looking for short-term listing gains or considering a longer-term investment, Saraswati Saree Depot offers a promising opportunity. As always, investors should conduct their due diligence and consider their individual investment goals before subscribing.

Should you apply for Saraswati Saree Depot IPO? Review and Recommendations. 

Saraswati Saree Depot IPO - Review

As we look ahead to 2027, India is poised to see a remarkable rise in the number of high-net-worth individuals, with an estimated 19,000 people expected to have a net worth exceeding 200 crores. This surge represents a 65% increase in the number of millionaires over the next three years. But what does this mean for businesses and investors?

The impact of this wealth growth will reverberate across various sectors, particularly in the luxury and premium brands market. By 2027, the luxury market in India is projected to reach a staggering market size of 82,000 crores, with earnings expected to grow at a compounded annual growth rate (CAGR) of 22%. This presents a significant opportunity for investors to capitalise on the burgeoning luxury segment.

Two companies poised to benefit greatly from this trend are Aditya Birla Fashion and Ethos Watches.

Aditya Birla Fashion has made strategic moves to position itself in the high-end luxury segment, most notably with its recent acquisition of The Collective. This acquisition has allowed the company to partner with prestigious brands such as Ted Baker, American Eagle, and Ralph Lauren, while also securing stakes in renowned designers like Sabyasachi and Masaba. However, the company’s aggressive expansion through acquisitions has resulted in a substantial debt burden, with a debt-to-equity ratio of 0.8% in 2023. While the company has immense potential, it may face short-term challenges as it navigates its debt obligations.

Ethos Watches has established itself as a dominant player in the luxury watch market by partnering with esteemed brands like Omega and Rolex. With a market share of over 49%, Ethos Watches has demonstrated a strong growth trajectory, boasting a five-year CAGR profit of 72%. Unlike Aditya Birla Fashion, Ethos Watches maintains negligible debt, positioning it favourably for future growth opportunities. The company is poised to expand its portfolio by forging partnerships in the jewellery and luggage sectors, further solidifying its position in the luxury market.

Seizing Opportunities in India's Fast Growing Luxury Market 

Inflation is a silent wealth eroder. Even if you have a substantial sum of money today, its purchasing power diminishes over time. Consider this: ₹1 crore today may seem like a significant amount, but in the next 10 years, its value could depreciate to ₹50 lakhs, in 15 years to ₹36 lakhs, and in 20 years to a mere ₹25 lakhs. Without investing wisely, you'll find it challenging to keep up with the rising cost of living.

Let's look into a practical scenario involving two individuals, Person A and Person B, both starting with ₹10 lakhs:

Person A opts to keep his ₹10 lakhs in a savings account for the next decade. Assuming an interest rate of 3% and an inflation rate of 7% annually, Person A would witness a negative return of 4%, resulting in his ₹10 lakhs dwindling to ₹5.4 lakhs over the next 10 years.

On the other hand, Person B decides to invest his ₹10 lakhs in a mutual fund that yields a 15% annual return. Despite the same 7% inflation rate, Person B ends up with ₹21 lakhs after a decade.

The disparity between Person A and Person B's outcomes underscores the critical importance of investing. However, this doesn't imply that you should funnel all your savings into financial markets. Diversification is key. Allocating a portion of your savings to stocks, real estate, mutual funds, gold, bonds, or even starting a business can create passive income streams and capital gains.

Relying solely on savings constraints your income potential, making it arduous to amass sufficient capital for retirement. By harnessing the power of investment, you not only combat inflation but also pave the way for financial growth and security in the long run.

Consider these staggering statistics: over the past 20 years, the Indian stock market has yielded an average annual return of approximately 12%, outpacing inflation and delivering substantial wealth accumulation opportunities for investors. Moreover, real estate investments have historically appreciated over time, serving as a hedge against inflation and a source of rental income.

To conclude, investing is not merely a prudent financial decision; it's a strategic move towards securing your financial future and realising your long-term goals. So, take charge of your financial well-being today by exploring diverse investment avenues and unlocking the potential for wealth creation and prosperity tomorrow.

Inflation is a silent wealth eroder. Even if you have a substantial sum of money today, its purchasing power diminishes over time. Consider this: ₹1 crore today may seem like a significant amount, but in the next 10 years, its value could depreciate to ₹50 lakhs, in 15 years to ₹36 lakhs, and in 20 years to a mere ₹25 lakhs. Without investing wisely, you'll find it challenging to keep up with the rising cost of living.


Growmax Insights

Get in touch

Get started with your planning