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Indigo Paints share lists at 75% premium to issue price


Indigo Paints share lists at 75% premium to issue price
Being one of the fastest-growing paint companies in India and in terms of revenue, Indigo Paints has a strong market network with dealers in Tier 1, Tier 2, and metros
BusinessToday.In | February 2, 2021 | Updated 11:39 IST
Market capitalisation of Indigo Paints stood at Rs 11,933.63 crore today
Share of Indigo Paints listed at a 75% premium to its issue price on Monday.
The stock made its market debut at Rs 2,607.50 against its issue price of Rs 1,490 on BSE and NSE given the strong IPO subscription and 2021 Budget-driven bullish broader market.
The stock hit day's high at Rs 2756.30 on BSE and at Rs 2,747 on NSE.

United-states , India , Kerala , Pudukkottai , Tamil-nadu , American , Nirali-shah , Sequoia-capital , Indigo-paints , South-india , Metallic-emulsions , Bright-ceiling-coat-emulsions

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: 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).

United-states , India , Pudukkottai , Tamil-nadu , American , Kochi-kerala , Nirali-shah , Hemant-jalan , Geojit-financial-services , Senior-research-analyst , Indigo-paints , Sequoia-capital-india-investments