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Indigo Paints IPO Day 2: Public Issue Subscribed 3 Times, Retail Portion Booked 5 Times

Indigo Paints IPO Day 2: Public Issue Subscribed 3 Times, Retail Portion Booked 5 Times
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India , Pudukkottai , Tamil-nadu , Kochi-kerala , Kansai-nerolac , Hemant-jalan , Indigo-paints , Investors-sequoia-capital-india-investments , Asian-paints , Berger-paints , Akzo-noble

Indigo Paints IPO Worth Rs 1,170 Crore Opens Today: Should You Subscribe?


Indigo Paints IPO worth Rs 1,170 crore opens today: Should you subscribe?
Indigo Paints IPO: Many brokerage houses recommended investing in the public issue given the company's fast growth in the last decade compared to peers
Sunil Shankar Matkar
January 20, 2021 / 05:12 PM IST
Indigo Paints, the fifth largest decorative paint company in India, opens its initial public offering for subscription on January 20 with a price band at Rs 1,488-1,490 per share.
The IPO comprises fresh issue of Rs 300 crore, and an offer for sale of 58,40,000 equity shares by promoter (Hemant Jalan) and investors (Investors Sequoia Capital India Investments IV and SCI Investments V).

India , Kerala , Pudukkottai , Tamil-nadu , Nirali-shah , Anand-rathi , Hemant-jalan , Kansai-nerolac , Akzo-nobel , Senior-research-analyst-at-samco-securities , Indigo-paints , Investors-sequoia-capital-india-investments

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

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

Indigo Paints IPO Opens Tomorrow: 10 Key Things You Should Know
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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indigo paints ipo: Indigo Paints IPO: Analyst views, peer comparisons, management commentaries


NEW DELHI: The initial public offering (IPO) of Indigo Paints is ready to hit the market on Wednesday amid a frenzy over its unlisted shares in the grey market. Analysts said while the asking valuation looks demanding, one can subscribe to the issue on the paintmaker’s improving performance and scope for market share expansion.
The company was least impacted by Covid-19 compared with peers, due to its presence in smaller towns, they said, and suggested that ad spends as a percentage of revenues may fall going forward, driving further profitability.
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.

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Indigo Paints Raises Rs 348 Crore From 25 Anchor Investors Ahead Of IPO


Indigo Paints raises Rs 348 crore from 25 anchor investors ahead of IPO
Among domestic institutions, SBI MF, HDFC MF, ICICI Prudential MF, Nippon MF, Axis MF, Aditya Birla Sun Life and Motilal MF received shares of the company via anchor book.
January 20, 2021 / 05:14 PM IST
American venture capital firm Sequoia Capital-backed Indigo Paints, on January 19, garnered Rs 347.9 crore from 25 anchor investors ahead of its initial public offering (IPO), that opens for subscription on January 20.
The company informed exchanges that it has finalised the allocation of 23,35,020 equity shares to anchor investors, at a price of Rs 1,490 apiece, the higher end of price band.

Japan , United-states , India , Pudukkottai , Tamil-nadu , Singapore , Nippon , American , Aditya-birla-sun , Hemant-jalan , Pacific-horizon-investment , Kotak-mahindra-capital-company

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.

India , Pudukkottai , Tamil-nadu , Chopra-chetan-bhalchandra , Ravi-nigam , Hemant-jalan , Praveen-kumar-tripathi , Anita-jalan , Narayanan-kutty-kottiedath-venugopal , Nupur-garg , Kochi-kerala , Kamala-prasad-jalan

IRFC, Indigo Paints IPOs to hit market this week, eye over Rs 5,800 cr


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IRFC, Indigo Paints IPOs to hit market this week, eye over Rs 5,800 cr
Two companies -- Indian Railway Finance Corporation and Sequoia Capital-backed Indigo Paints -- are set to hit the market with their initial share-sale offers this week to raise an estimated over Rs 5,800 crore. The companies are expecting to benefit from an equity market, which is flush with liquidity and has seen a sharp increase in new retail investors.
The three-day initial share-sale of Indian Railway Finance Corporation (IRFC) would be open for public subscription during January 18-20, while the IPO of Indigo Paints would open on January 20 and conclude on January 22. IRFC IPO comprises up to 178.20 crore shares, comprising a fresh issue of up to 118.80 crore and offer-for-sale of up to 59.40 crore shares by the government.

Kerala , India , Pudukkottai , Tamil-nadu , Pune , Maharashtra , Hemant-jalan , Union-cabinet , Kotak-mahindra-capital-company , International-ltd , Rail-vikas-nigam-ltd , Tourism-corp

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

Indigo Paints Trades At Over 55% Premium In Grey Market After IPO Price Announcement
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India , Pudukkottai , Tamil-nadu , Pune , Maharashtra , Kochi-kerala , Hemant-jalan , Kansai-nerolac , Yash-gupta , Equity-research-associate-at-angel-broking , Indigo-paints , Equity-research-associate

Indigo Paints To Launch IPO On January 20, Fixes Price Band At Rs 1,480-1,490


Indigo Paints to launch IPO on January 20, fixes price band at Rs 1,488-1,490
The company will utilise funds from its fresh issue for the expansion of the manufacturing facility at Pudukkottai in Tamil Nadu, purchasing tinting machines and gyroshakers and repaying borrowings.
January 15, 2021 / 12:08 PM IST
Indigo Paints, the fifth-largest decorative paint company in India, will open its initial public offering for subscription on January 20. This would be the second IPO in calendar 2021 after Indian Railway Finance Corporation.
The public issue comprises a fresh issue of Rs 300 crore and an offer for sale of 58.40 lakh equity shares by promoters and investors. The offer for sale consists of 20.05 lakh equity shares by Sequoia Capital India Investments IV, 21.65 lakh equity shares by SCI Investments V and 16.7 lakh equity shares by promoter Hemant Jalan.

India , Pudukkottai , Tamil-nadu , Kochi-kerala , Mahendra-singh-dhoni , Hemant-jalan , Edelweiss-financial-services , Kotak-mahindra-capital-company , Indian-railway-finance-corporation , Indigo-paints , Indian-railway-finance , Sequoia-capital-india-investments