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Indigo Paints IPO opens today: Should you subscribe to the issue?

Indigo Paints IPO opens today: Should you subscribe to the issue?
As per company's DHRP, its main objective for the issue is to meet the upcoming capital expenditure requirement for manufacturing facility expansion at Pudukkottai, Tamil Nadu, to purchase tinting machines and gyroshakers and repay all or certain borrowings
BusinessToday.In | January 20, 2021 | Updated 12:50 IST
American venture capital firm Sequoia Capital-backed firm garnered Rs 347.9 crore from 25 anchor investors ahead of the share sale
The three-day initial public offering (IPO) of Indigo Paints, that opened today is priced at Rs 1,488 to Rs 1,490 per equity share. Shares can be bought with a minimum order quantity of 10 shares. The IPO closes on January 22, 2021. A retail-individual investor can apply for up to 13 lots (130 shares or Rs 193,700).

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