Indigo Paints Share: Indigo Paints shares were listed at Rs 2607.50 with a 75% premium to the issue price on BSE. The issue price of the company was Rs 1,490 per share.
Indigo Paints Share: Indigo Paints has had a great start in the stock market. Indigo Paints shares were listed at Rs 2607.50 with a 75% premium to the issue price on BSE. The issue price of the company was Rs 1,490 per share. During the business, the stock rose 84.98 per cent to Rs 2,756.30. Let us know that the IPO of Indigo Paints got a strong response from investors and it was subscribed 117 times. Investors who would have invested Rs 1 lakh in this company, their investment would have increased to Rs 1.75 lakh now.
The company’s IPO opened on January 20 and closed on January 22. Its IPO was subscribed 117 times. The price band of the company’s issue was Rs 1488-1490. The company’s issue in the retail portion was subscribed 15.93 times. The share of HNI was subscribed 263 times and that of qualified institutional buyers was subscribed 189.57 times.
Company business
Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities were the managers of the IPO. Indigo Paints is among the top paint companies in the country. The company sells its paints under the Indigo brand name. The company’s network distribution is also strong. The company’s distribution network is spread across 27 states. In the quarter ended September 30, company revenue was 260 crores and profit was more than 27 crores. The total assets were close to 412 crores.
How to invest in an IPO
>> For this you have to open a demat account. You can open them with your bank or any brokers. After the IPO opens, it is applied. After this, shares are allotted. It is not necessary that you get shares at all. Because it is decided on a lottery basis after applying more people. After this, the date of listing of IPO comes and on the day of listing, if the share is its issue price i.e. the price at which you got shares. If it is listed above, then you profit. If the price drops below the issue price, then you lose money on selling the shares.
