The primary market is back in action with three new initial public offerings (IPOs) vying for investor attention this week on the mainboard. Of them, the share sale of healthcare tech firm Indegene received 7.35 times the subscription on the second day of bidding.

Data from the BSE showed that the ₹1,841.75-crore IPO received bids for 21,21,41,754 shares against 2,88,66,677 shares on offer. Of that, the category reserved for non-institutional investors was subscribed 18.03 times, while the qualified institutional buyers part fetched 5.59 times subscription. The portion for retail individual investors received 3.82 times the subscription.

The initial public offer consists of a fresh issue of up to ₹760 crore and an offer for sale of up to 2,39,32,732 equity shares. The IPO comes in a price range of ₹430-452 a share. On Friday, Indegene Ltd said it raised ₹549 crore from anchor investors.

The OFS would see the sale of shares by existing investors CA Dawn Investments, a Carlyle group entity, Vida Trustees in its capacity as a partner of Group Life Spring, Brighton Park Capital’s entities BPC Genesis Fund I SPV Ltd, and BPC Genesis Fund I-A SPV Ltd, and individual investors Manish Gupta, Rajesh Bhaskaran Nair, and Anita Nair.

The good response to the IPO comes at a time the secondary markets are witnessing volatility amid the general elections.

Two other mainboard IPOs will open for subscription on Wednesday. Travel distribution platform TBO Tek’s ₹1,550-crore share float will come at a price band of ₹875-920 per share. The offer comprises a fresh issue of equity shares aggregating to ₹400 crore and an offer-for-sale by certain shareholders of up to 12,508,797 equity shares. The offer will close on May 10. Investors can make bids for a minimum of 16 equity shares and in multiples of 16 equity shares thereafter.

The company proposes to utilise the net proceeds of the fresh issue portion of the offer for the growth and strengthening of its platform by adding new buyers and suppliers.

The IPO of Blackstone-backed Aadhar Housing Finance Ltd will also open for subscription on Wednesday and close on Friday. It fixed a price band of ₹300-315 a share for the ₹3,000-crore share sale. The IPO is a combination of a fresh issue of equity shares worth ₹1,000 crore and an OFS of ₹2,000 crore by promoter BCP Topco VII Pte Ltd.