Indigo Paints- IPO Review

Indigo paints have released its IPO details of this year. Let’s have a quick look at the Indigo paints-IPO; the IPO Price has been set between Rs 1488 to Rs 1490. When we see the Book Built Issue:

  • Issue Size: Up to Rs 1170.16 Cr
  • Fresh Issue: Rs 300 Cr
  • Offer for Sale: Up to Rs 870.16 Cr

The evaluation they have made on the upper band is about Rs 7,088 Cr. However, when we talk about the lot size, then it is 10 Shares. minimum investment (for 1 lot) will be around Rs 14,900 and the Maximum Investment (13 lots) will be around Rs 1,93,700.

Apart from this let’s have a look at the timeline:

  • The offer opens on: 20 January 2021
  • The offer closes on 22 January 2021
  • Finalization of the basis of allotment: 28 January 2021
  • Initiation of refund: 29 January 2021
  • The credit of equity shares to DEMAT acc: 01 February 2021
  • The credit of equity shares to DEMAT acc: 01 February 2021

This was the IPO review of Indigo Paints. It’s one of the leading companies in the Indian paint industry.

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