Updated Jan 20, 2021 | 13:37 IST
Indigo Paints IPO opens for subscription today. It raised Rs 348 cr from 25 anchor investors ahead of the IPO. Hemant Jalan, CMD says anchor investors have found the valuation to be reasonable. Representational Image
Key Highlights
FIIs like Capital Group, Government of Singapore Investment Corporation, Fidelity, Goldman Sachs have invested while DIIs like SBI MF, HDFC MF, ICICI Prudential MF are the other anchor investors
At Rs. 1490/share at the upper band, the FY21e P/E comes to 130x which is significantly higher than the average P/E of 95x for the paint industry
CMD, Hemant Jalan says anchor investors have found the price point of Rs 1490/share reasonable and one that leaves enough room to make gains post listing
For the pulsation-free delivery of small volumes of liquids, syringe pumps have been very successful in atomic spectroscopy, the chemical industry or research, as well as in medical technology. Click to read more.
Sunset: 07:17:25 PM
Dew Point: 47°
Today
Cloudy skies this morning will become partly cloudy this afternoon. High 77F. Winds NE at 5 to 10 mph.
Tonight
Some clouds. Slight chance of a rain shower. Low 53F. Winds N at 5 to 10 mph.
Tomorrow
Considerable cloudiness with occasional rain showers. High 59F. Winds N at 5 to 10 mph. Chance of rain 60%.
Driven by market optimism about the rollout of COVID-19 vaccines, a tighter supply and rising crude oil prices, Tennessee’s gas price average increased for the second week in a row,
Community members have started a fundraiser for stands at the newly installed Paris Pump Track, with the goal of having the stands in place before the international qualifying pump track competition on May 29.
âThereâs still about $10,000 that needs to be raised,â said Lea Emerson with DeadCat Media, who organized the fundraiser. âThe whole goal is to have that done by the competition.â
The stands will be named in honor of Casey Ressler, who suffered a brain aneurysm this year and was integral in bringing the pump track to Paris, she said. All money raised will go to the Great Paris Development Foundation and will be used for stands, lighting and other amenities. Screen Graphics is also selling T-shirts to help with the fundraising, available to order online at stores.inksoft.com/pump track paris/shop/home. The fundraiser is at facebook.com/donate/725164721321960/.