Indigo Paints Ltd. said its initial public offering (IPO) will open on January 20. The price band has been fixed at ₹1,488 – ₹1,490 per equity share. The IPO comprises fresh issue of ₹300 crore and an
Synopsis
According to dealers, the scrip was demanding a premium of Rs 830-850 apiece in the unofficial market earlier on Thursday.
The issue will open for subscription on January 20 and run till January 22.
NEW DELHI: Sequoia Capital-backed Indigo Paints on Thursday fixed the price band for its forthcoming Rs 1,000-crore IPO at Rs 1,488-1,490 apiece. According to dealers in the unlisted market, the scrip was commanding a grey market premium of 55-60 per cent at the time of writing this report.
Dealers said the scrip was demanding a premium of Rs 830-850 apiece in the unofficial market earlier on Thursday.