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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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