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Indigo Paints IPO opens today: Check price band, closing date and more - Should you subscribe?

URL copied Indigo Paints IPO opens today Sequoia Capital-backed Indigo Paints initial public offering (IPO) will open for public subscription on Wednesday (January 20). The company has fixed a price band of Rs 1,488-1,490 a share for its initial share-sale. The three-day IPO will conclude on January 22. The IPO comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital, through its two funds -- SCI Investments IV and SCI Investments V -- and promoter Hemant Jalan. Indigo Paints anchor investors The anchor investors' portion opened for subscription on January 19. The company said that it mopped up Rs 348 crore from anchor investors ahead of its initial share-sale. A total of 23,35,020 shares have been allotted to 25 anchor investors at Rs 1,490 apiece, which is the upper end of the price band. At this price, the company mobilised Rs 348 crore.

Indigo Paints IPO Opens Tomorrow: 10 Key Things You Should Know

Indigo Paints IPO: 10 Key Things You Should Know Before The Issue Opens

Indigo Paints, the fastest growing amongst the top five paint companies in India, sells its products under the brand 'Indigo', through its distribution network across 27 states and seven union territories as of September 2020.

Indigo Paints Trades At Over 55% Premium In Grey Market After IPO Price Announcement