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JSW Paints plans new plant, eyes pan-India footprint - The Hindu BusinessLine

JSW Paints plans new plant, eyes pan-India footprint - The Hindu BusinessLine
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Jammu , Jammu-and-kashmir , India , Bangalore , Karnataka , Hyderabad , Andhra-pradesh , Vasind , Maharashtra , Nagpur , Grasim-industries

Indigo Paints IPO subscribed 1.90 times on day 1 of bidding

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Indigo Paints IPO subscribed 1.90 times on day 1 of bidding
The initial public offer of Indigo Paints was subscribed 1.90 times on the first day of bidding on Wednesday. The offer received bids for 1,04,67,410 shares against 55,18,402 shares on offer, as per data available with NSE.
The portion reserved for qualified institutional buyers (QIBs) was subscribed 10 per cent, non institutional investors 1.10 times and retail individual investors (RIIs) 3.29 times.
The initial public offer comprises a fresh issue of up to Rs 300 crore and an offer for sale of up to 58,40,000 shares. The price range for the offer has been fixed at Rs 1,488-1,490 per share. At the upper end of the price band, the initial public offer (IPO) is expected to fetch Rs 1,170.16 crore.

Pudukkottai , Tamil-nadu , India , Pune , Maharashtra , Edelweiss-financial-services , Kotak-mahindra-capital-company , Indigo-paints , Image-source , Capital-backed-indigo-paints , Mahindra-capital-company

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

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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.

Kerala , India , Pudukkottai , Tamil-nadu , Singapore , Pune , Maharashtra , Hemant-jalan , Edelweiss-financial-services , Kotak-mahindra-capital-company , Government-pension-fund-global , Government-of-singapore-investment-corporation

India Digest: ADB puts $10m in Tata Capital fund; Indigo Paints raises $47.5m

India Digest: ADB puts $10m in Tata Capital fund; Indigo Paints raises $47.5m
Photo: Pixabay
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The Asian Development Bank (ADB) has made a $10 million equity investment in Tata Capital Growth Fund II LP (TCGF II). Separately, Indigo Paints has garnered about Rs 348 crore from 25 anchor investors ahead of its initial public offering (IPO).
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Indigo Paints IPO Subscribed 1 24 Times On First Day

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Indigo Paints IPO Subscribed 1.24 Times On First Day
The initial public offer comprises a fresh issue of up to Rs 300 crore and an offer for sale of up to 58,40,000 shares.
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The initial public offer of Indigo Paints was subscribed 1.24 times on the first day of bidding itself on Wednesday.
The offer received bids for 68,21,950 shares against 55,18,402 shares on offer.
The initial public offer comprises a fresh issue of up to Rs 300 crore and an offer for sale of up to 58,40,000 shares.
The price range for the offer has been fixed at Rs 1,488-1,490 per share.
At the upper end of the price band, the initial public offer (IPO) is expected to fetch Rs 1,170.16 crore.

Pudukkottai , Tamil-nadu , India , Pune , Maharashtra , Edelweiss-financial-services , Kotak-mahindra-capital-company , Indigo-paints , Capital-backed-indigo-paints , Mahindra-capital-company , Ipo-subscribed

IPO alert: Indigo Paints IPO subscribed 1.90 times on first day

IPO alert: Indigo Paints IPO subscribed 1.90 times on first day
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Pudukkottai , Tamil-nadu , India , Pune , Maharashtra , Edelweiss-financial-services , Kotak-mahindra-capital-company , Indigo-paints , Capital-backed-indigo-paints , Mahindra-capital-company , Ipo

Indigo Paints IPO to open on January 20, price band set at Rs 1,488-1,490

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Indigo Paints IPO to open on January 20, price band set at Rs 1,480-1,490
Â Sequoia Capital-backed Indigo Paints, on Thursday, said it has fixed a price band of Rs 1,488-1,490 a share for its initial share-sale, which will open for public subscription on January 20.
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.
The three-day initial public offering (IPO) will conclude on January 22. The anchor investors' portion will be open for subscription on January 19, Indigo Paints said in a virtual press conference.

Kerala , India , Pudukkottai , Tamil-nadu , Pune , Maharashtra , Hemant-jalan , Edelweiss-financial-services , Kotak-mahindra-capital-company , Sequoia-capital , Indigo-paints , Image-source

Sequoia Capital-backed Indigo Paints ₹1,000 crore IPO opens on January 20

The company has appointed Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities as the book running lead managers to the issue.
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The proceeds of the issue will be used for expansion of the existing manufacturing facility at Pudukkottai in Tamil Nadu, purchase of tinting machines and gyro shakers, and repayment/prepayment of borrowings.
The Pune-based firm is the fifth-largest company in the Indian decorative paints segment in terms of revenue for fiscal year 2020. It has three manufacturing facilities located in Rajasthan, Kerala and Tamil Nadu.
HDFC Securities in an earlier IPO note said that making inroads into the paints industry with a small number of firms remains a herculean task, given strong distribution moats of the top few. “Against this backdrop, Indigo Paints (founded in 2000) has been consistently chipping away market share within the ecosystem.”

India , Kerala , Pudukkottai , Tamil-nadu , Pune , Maharashtra , Hemant-jalan , Keshav-lahoti , Edelweiss-financial-services , Kotak-mahindra-capital-company , Sequoia-capital-backed-indigo-paints , Associate-equity-analyst