Indigo Paints IPO to open on Jan 20, sets price band of ₹1,488-1,490 per equity share
January 14, 2021
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Indigo Paints Limited will open its initial public offering of Equity Shares on January 20, 2021 with a price band of ₹1,488–₹1,490 per Equity Share.
The paint company, now the fifth largest in the country in decorative paint industry, may, in consultation with the Book Running Lead Managers, consider participation by Anchor Investors which shall be one Working Day prior to the Bid/Offer Opening Date.
The IPO comprises a fresh issuance of Equity Shares aggregating to ₹3,000 million by the Company and an offer for sale of up to 5,840,000 Equity Shares by Sequoia Capital India Investments IV and SCI Investments V, and the promoter selling shareholder, Hemant Jalan.