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Colorful response: Indigo Paints IPO Subscribed 117.02 times on Final Day


Colorful response: Indigo Paints IPO Subscribed 117.02 times on Final Day
Posted On:
2021-01-22 07:34:43
(Time Zone: Arizona, USA)
Pune based, Indigo Paints Limited, one of the fastest growing amongst the top five paint companies in India, received bids of 64,57,90,130 shares against the offered 55,18,402 shares, as per the 5:00 pm data available on the exchanges. The portion reserved for retail investors was subscribed 15.93 times. Qualified Institutional Buyer and Non-Institutional Investor category was subscribed 189.57 times and 263.05 times respectively. The portion reserved for eligible employees was subscribed 2.50 times on the final day of issue closing.
The bidding for the Rs. 1170 crore IPO closed on Friday, January 22, 2021. The IPO comprised of 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) amounting to Rs. 870.16 crores. The minimum bid lot was 10 equity shares thereafter in multiples. The price band had been fixed at Rs. 1,488 - Rs. 1,490 per Equity Share.

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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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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).

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