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

Three companies that are backed by private equity investors hit the market this week, with two launching their bids on Wednesday and one seeing a spectacular response from investors on the final day. Indegene Ltd, backed by Carlyle and Nadathur Holdings, recorded subscription of 69.66 times the shares on offer. It received bids for more than 2 billion shares against the 28.8 million shares on offer. Nadathur is the family office of Infosys co-founder Nadathur S Raghavan. It holds a …