Indigo Paints Limited IPO
Indigo Paints Limited was a mainboard IPO in the Paints sector, offered at ₹1,488–₹1,490 per share to raise ₹1,170 crore. The issue was subscribed 117.02× overall (QIBs 189.57×, NIIs 263.05×, retail 15.93×). It listed on 2 Feb 2021 at ₹2,608 and closed its first day at ₹3,117, a listing gain of +109.2% versus the ₹1,490 issue price. It now trades around ₹997 (-33.1% versus the issue price).
Frequently asked questions
- How many times was the Indigo Paints Limited IPO subscribed?
- The Indigo Paints Limited IPO was subscribed 117.02× overall — 189.57× in the QIB category, 263.05× among non-institutional investors, 15.93× in retail.
- What were the Indigo Paints Limited IPO listing gains?
- Indigo Paints Limited listed on 2 Feb 2021 at ₹2,608, closing its first day at ₹3,117 — a listing gain of +109.2% versus the ₹1,490 issue price.
- What were the retail allotment odds for the Indigo Paints Limited IPO?
- Retail was subscribed 15.93×, so a single-lot application had roughly a 6.3% chance of allotment (about 1 in 16), and allotment was finalised on 27 Jan 2021.
- What was the price band and lot size of the Indigo Paints Limited IPO?
- The price band was ₹1,488–₹1,490 per share, with a minimum lot of 10 shares (₹14,900 at the upper band).
- Who were the registrar and lead manager for the Indigo Paints Limited IPO?
- Link Intime India Private Limited was the registrar, and Kotak Mahindra Capital was the book-running lead manager.