Indigo Paints will raise Rs 1000 crore through its IPO. The price band of Indigo Paints IPO is 14,88 to 1490 rupees.
The IPO of Indigo Paints opened for subscription today (20 January 20210). This IPO is open at a time when the IPO of the official NBFC company IRFC is already open for subscription. Home First Finance’s IPO is also coming in the market on Thursday.
Indigo Paints to raise Rs 1000 crore through IPO
Indigo Paints will raise Rs 1000 crore through its IPO. The price band of Indigo Paints IPO is 14,88 to 1490 rupees. The company is issuing shares worth Rs 300 crore. It has issued 58,40,000 equity shares for the offer for sale. The stake has been sold to these investors at Rs 1490 per share. Several analysts and brokerages have recommended investment in this IPO.
Indigo Paints will expand the plant with IPO money
The promoters and investors of the company are selling 58.40 lakh shares. The company’s 70,000 equity shares will be reserved for employees’ subscriptions. Its price band has been fixed at Rs 1488-1490.
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