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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). ....

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Indigo Paints IPO opens today: Check price band, closing date and more - Should you subscribe?


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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. ....

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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). ....

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 , Asian Paints , Berger Paints , Pradhan Mantri Awas Yojna , Metallic Emulsions , Tile Coat Emulsions , Bright Ceiling Coat Emulsions , Floor Coat Emulsions , Waterproof Exterior Laminate , Interior Acrylic Laminate , Rural Areas , Keshav Lahoti , Associate Equity Analyst , Angel Broking , Asian Pains , Reliance Securities , South India , Senior Research Analyst ,