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ipo: Investors dig in, Zomato IPO subscribed over 40X

Retail investors' portion was subscribed 7.87 times, while the figure was 54.71 times for qualified institutional buyers (QIB). The amount reserved for non-institutional investors or high net-worth individuals (HNIs) was subscribed 34.80 times. The employee quota was undersubscribed, with demand at 68% of the shares set aside for them.
The IPO received more than 3.23 million applications, the second-highest after the Reliance Power offer, which got 4.78 million applications. Earlier this year, the Rs 1,176-crore Indigo Paints' IPO, which was subscribed 117 times, got 3.02 million applications.
Success Attributed to Brand
Bankers attributed the success of the Zomato IPO, the first by a startup unicorn in India, to its brand and business, which are simple to understand. "Investors have recognised how disruptive these new-age technology companies are in terms of business scalability, and they believe many of them will end up as category leaders as the current population is more digital natives than ever before," said V Jayasankar, head of equity capital markets, Kotak Investment Banking, lead banker to the issue. "In India, only 8-9% of the index weight is dominated by tech companies compared to 27% in the US, so there is a huge scope for digital-technology companies in one of the leading emerging markets."

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Indigo Paints: Indigo Paints the town red with a blockbuster listing. Can it keep its growth lustre intact?

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Synopsis
Indigo Paints debuted on the bourses on February 2 at a 75% premium on its issue price. The company has maintained a 25% CAGR and scored 27.5% RoCE for FY20, albeit on a small base. So, is the stock fairly valued? Given the peculiar nature of India’s paints industry, several factors could constrain Indigo Paints’ growth in the longer term.
Every year, there are initial public offers (IPOs) that become the talk of the town for their blockbuster debuts. This year, so far, Indigo Paints’ IPO has been one such instance. A far fifth by market share in the rather organised decorative-paints industry, Pune-based Indigo Paints debuted on the bourses on February 2 at a 75% premium on its issue price. The issue was oversubscribed 117 times. According to data company Refinitiv, it is trading

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Indigo Paints IPO: Here's how to check allotment status

Indigo Paints IPO: Here's how to check allotment status
The Rs 1,170.16-crore public issue comprises of Rs 300 crore of fresh issuance of shares and Rs 870.16 crore of offer-for-sale by promoter Hemant Jalan and investors.
BusinessToday.In | January 26, 2021 | Updated 16:55 IST
The share sale had received an overwhelming response from investors, and was subscribed 117 times.
The allotment status of Indigo Paints' initial public offering (IPO) will be finalised on Thursday, January 28. The allotted shares will be credited in demat accounts by February 1, 2021. The shares are likely to be listed on February 2, 2021.
The Rs 1,170.16-crore public issue comprises of Rs 300 crore of fresh issuance of shares and Rs 870.16 crore of offer-for-sale by promoter Hemant Jalan and investors (Sequoia Capital India Investments IV and SCI Investments V).

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indigo paints ipo: Indigo Paints IPO subscribed nearly 7 times on Day 2

Analysts said that while the asking valuations look demanding, one can subscribe to the issue, citing the paint maker's improving performance and scope for the market share expansion.

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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)
2 min read
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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Indigo Paints IPO kicks off: Can this issue deliver solid returns?

Indigo Paints IPO kicks off: Can this issue deliver solid returns?
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Indigo Paints' public offer includes a fresh issue stocks aggregating to Rs 300 crore.
Indigo Paints IPO kicks off: Issue subscribed 1.9 times on day 1, HNIs portion fully booked
NEW DELHI: Indigo Paints' initial public offer (IPO) opened for subscription on Wednesday. The IPO has come at a time when the offering of IRFC is already under way, and the one of Home First Finance is all set to hit the market on Thursday.
The Indigo Paints IPO is being priced at Rs 1,488-1,490 and comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares. Ahead of its IPO, the Sequoia Capital-backed paints maker raised Rs 348 crore from 25 anchor investors at Rs 1,490 per share.

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indigo paints ipo: Indigo Paints IPO subscribed 8% within first 15 minutes

By 10:15 am, the issue received bids for 4,17,240 shares, representing 8 per cent of the issue size of 55,18,402 shares.

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Indigo Paints IPO opens today: Key points to remember before subscribing

Indigo Paints IPO opens today: Key points to remember before subscribing
Indigo Paints IPO opens today: Key points to remember before subscribing
The public issue comprises fresh issuance of shares worth Rs 300 crore and an offer-for-sale (OFS) up to 58,40,000 equity shares by private equity firm Sequoia Capital through its two firms SCI Investments IV and SCI Investment V, and promoter Hemant Jalan. Here are key points you should know before subscribing:
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UPDATED: January 20, 2021 12:15 IST
Interested investors can bid for the Indigo IPO starting today at a price band of Rs 1,488-1,490 per share. (Photo: Reuters/Representational image)
Sequoia Capital-backed Indigo Paints, one of India’s largest decorative paint companies, on Wednesday opened its initial public offering (IPO) for subscription as it plans to raise approximately Rs 1,170 crore. This is the second IPO of the calendar year 2021.

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Two smoking hot IPOs choke India's largest broking site Zerodha

Two smoking hot IPOs choke India's largest broking site Zerodha
Navdeep YadavJan 20, 2021, 18:29 IST
Nithin Kamath, co-founder, Zerodha
Investors rushed to Zerodha as two exciting IPOs⁠— from IRFC and Indigo Paints⁠— were open for subscription.
CEO Nithin reportedly admitted that the systems were down for a bit, but not completely crashed.
Zerodha has nearly 3 million users, as per data in September 2020, and is the largest institutional broker in the country.
Check out the latest news and updates on Business Insider. India's largest institutional broking firm Zerodha’s platform crashed during the peak market hours on Wednesday, as users rushed to place orders for the two hot initial public offers in the market — Indian Railway Finance Corporation and Indigo Paints.

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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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