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Indigo Paints IPO off to strong start: 10 things to know before you subscribe

Indigo Paints IPO subscribed over 50 times so far on final day
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Indigo Paints IPO: At the upper end of the price band, the initial public offer (IPO) is expected to fetch ₹1,170 crore (Image: https://indigopaints.com)
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The issue concludes today
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The IPO of Sequoia Capital-backed Indigo Paints, which opened on Wednesday, was subscribed over 50 times as of 3 pm on final day. The issue will conclude on January 22. Ahead of the initial public offering, Indigo Paints mopped up ₹348 crore from anchor investors at ₹1,490 apiece. The anchor investors include Government of Singapore Investment Corporation, Fidelity, Goldman Sachs, Nomura and HDFC MF. Pune-based Indigo Paints manufactures a range of decorative paints and has an extensive distribution network across the country.

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