Indigo Paints share price: The scrip has tanked 43 per cent from its 52-week high level of Rs 2,345, hit in November last year. Indigo had issued shares at a price range of Rs 1,490 in IPO.
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Indigo Paints IPO opens today
Sequoia Capital-backed Indigo Paints initial public offering (IPO) will open for public subscription on Wednesday (January 20). The company has fixed a price band of Rs 1,488-1,490 a share for its initial share-sale. The three-day IPO will conclude on January 22.
The IPO comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital, through its two funds SCI Investments IV and SCI Investments V and promoter Hemant Jalan.
Indigo Paints anchor investors
The anchor investors portion opened for subscription on January 19. The company said that it mopped up Rs 348 crore from anchor investors ahead of its initial share-sale. A total of 23,35,020 shares have been allotted to 25 anchor investors at Rs 1,490 apiece, which is the upper end of the price band. At this price, the company mobilised Rs 348 crore.
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).
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.