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7th Best Listing in a Decade: Indigo Paints doubles investor monies on IPO Listing, closes at 110% premium

7th Best Listing in a Decade: Indigo Paints doubles investor monies on IPO Listing, closes at 110% premium Posted On: 2021-02-02 20:24:34 (Time Zone: Arizona, USA) Pune based, Indigo Paints Limited, one of the fastest growing amongst the top five paint companies in India, whose IPO opened on January 20, 2021 and closed on January 22, 2021 listed on the BSE and NSE at a 75 % premium. The initial public offering was offered at a lower price band of Rs 1,488 per share and higher price band of Rs 1,490 per share and found a great response from all investor categories to be subscribed over 117.02 times. One of the leading manufacturers of decorative paints, Indigo Paints Ltd debuted on the bourses with a stellar listing with its share price hitting the upper circuit on the listing day itself.

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.

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