About:
Indigo Paints IPO is open from 20th to 22th January 2021. Indigo Paints started its business in 2000, with the manufacturing of lower-end cement paints. After some time, it expanded its range to cover more segments of water-based paints like Distempers, Primers, Exterior Emulsions, Interior Emulsions, etc. From an early stage, the company expanded its footprints across the country with its extensive distribution network. Indigo paints is the 5th largest company in the Indian Paint Industry as per the sales numbers for FY 2019-20. The company has expanded its business across the country with a distribution network in 27 states and 7 UTs. The IPO size is approx 79 lakh equity shares at a price band of Rs.1,488 to Rs.1,490 per equity share. The total issue size is Rs.1,176 crores, of which Rs.300 crores is a fresh issue, while the balance Rs.876 crores is an offer for sale. The minimum shares which should be applied for are 10 and the maximum is 130. The shares will be listed on 02nd February 2021. To check the application status of Indigo Paints IPO, one may log on to the registrar’s website or BSE.
Comments