Indigo Paints IPO share allotment to be finalised today; here's how to check status The market lot size of the Indigo Paints IPO is 10 shares and the price band was fixed at Rs 1,488-1,490 a share for the initial share-sale FP Trending January 28, 2021 12:14:50 IST The IPO of Indigo Paints was subscribed over 100 times. Image credit: indigopaints.com
Indigo Paints will announce the allotment of Rs 1,170 crore initial public offer (IPO) on Thursday (28 January). The market lot size of the Indigo Paints IPO is 10 shares and the price band was fixed at Rs 1,488-1,490 a share for the initial share-sale.
The IPO garnered a huge response from investors and was subscribed 117.02 times. The IPO received bids for 64.58 crore shares against an offer size of 55.18 lakh shares. The initiation of refunds will commence on 29 January and shares will be credited to demat accounts on 1 February. The expected listing date is 2 February.
117.02x
The listing is scheduled for February 2, and equity shares will be listed on both the exchanges — BSE and NSE.
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The grey market premium of Indigo Paints plunged nearly 10% after Birla Group-owned Grasim announced its foray into the paint business. The entry of a top billionaire like Birla was not a risk investors had factored in at the time of subscription.
Here’s how to check Indigo Paints IPO allotment status:
If you have bid for the Indigo Paints IPO, you can check your allotment status by following these simple steps:
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To check on the stock-exchange website:
To check the Indigo Paints IPO allotment status, go to the BSE website or NSE website.