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Carlyle-backed Indegene’s IPO gets bumper response; Aadhar Housing, TBO Tek make slow start

Private equity-backed companies, Indegene Ltd, Aadhar Housing Finance, and TBO Tek Ltd, entered the stock market this week. Indegene, providing digital services for the life sciences industry, received overwhelming investor response, with subscription reaching 69.66 times the shares on offer. Aadhar Housing Finance, backed by Blackstone, had a lukewarm response on the first day, with only 43% of its issue size being subscribed. Finally, TBO Tek’s IPO was fully subscribed, with retail investors showing the highest interest.

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