indigo paints grey market premium 7
公開日:2022/04/01 / 最終更新日:2022/04/01
Indigo Paints Trades At 60% Premium In Grey Market; Will It See A Bumper Listing On February 2?
The price band was fixed at Rs 1,488-1,490 a share for the initial share-sale. The price band was fixed at Rs 1,488-1,490 a share for the initial share-sale, which was open for public subscription during January 20-22. The Indigo Paints IPO is being priced at Rs 1,488-1,490 and comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares. Ahead of its IPO, the Sequoia Capital-backed paints maker raised Rs 348 crore from 25 anchor investors at Rs 1,490 per share. According to data from the stock-exchanges, the issue received bids for 64 crore equity shares against the offered size of 55 lakh equity shares. Indigo Paints Ltd. was trading at a premium of more than 55 percent over its higher issue price band of Rs 1,490 per share in the grey market after the paint company announced its IPO on Wednesday.
Initiation of refunds will begin on January 29 and shares will be credited to demat account on February 1. The Pune-based company manufactures a range of decorative paints and has an extensive distribution network across the country. As of September 30, 2020, the company had three manufacturing facilities located in Rajasthan, Kerala and Tamil Nadu. The company will utilise fresh issue proceeds for expansion of the existing facilities.
It has solutions for decorating your home with beautiful paint colours to providing a solution for dirtproof and waterproof exterior laminate. It is also marketed by the most loved Indian Cricket Team Captain Mr Mahendra Singh Dhoni. Get live Share Market updates and latest India News and business news on Financial Express. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Indigo Paints was the first company to launch differentiated paint products and has enjoyed the first-mover advantage.
Step 13- This amount will get unblocked in case you do not receive an allotment. Upon confirming, the highest bid amount will be blocked in your account and cannot be used for withdrawal. Step 5- You can also read the Red Herring Prospects for detailed information about the objects of the offer, promoters etc. Step 2- You will be able to see a list of open, upcoming and recently closed IPOs. IPO GMP rates are provided as sourced from market intelligence.
The Sequoia Capital-backed company filed preliminary papers with SEBI for the IPO in November last year. Zerodha customers can apply online in Indigo Paints IPO using UPI as a payment gateway. Zerodha customers can apply in Indigo Paints IPO by login into Zerodha Console and submitting an IPO application form. One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank. Investors can also check the status of the allotment on the BSE website NSE website.
Therefore, prior to investment, consider all the factors and make right investment decisions about whether to invest in Indigo Paints IPO or not. We are tracking Indigo Paints IPO GMP for the last 14 sessions. The lowest GMP for Indigo Paints IPO is ₹625 and the highest GMP is ₹900. The current GMP (₹750) is showing signals towards the lower side. Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID. It is to be noted that the Indigo Paints IPO name will only be available in the drop-down menu after the allotment basis has been finalised.
From an early age, the Company spread its footprints across the country, with the rapid expansion of its reach across India. Today the Company stands out as one of the strongest contenders in the Indian paint industry, being rated as an innovative paint manufacturer, which keeps coming out with unique products never before offered in the country. Indigo Paints shares allotment process was completed on January 28. The refund process was initiated on January 29 for those who didn’t get the IPO. The shares were credited in the Demat account of those who received the allotment was done on February 1. The Silicon Valley-based venture capital is expected to garner up to Rs 650 crore by selling 7-8% stake in the company at Rs 1,488-1,490 per share.
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