Indigo Paints IPO subscribed 117 times on final day – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/indigo-paints-ipo-subscribed-117-times-on-final-day/article33637544.ece?homepage=true

Indigo Paints’ ₹1,170-crore initial share-sale garnered an overwhelming response from investors and was subscribed 117 times on the final day of bidding on Friday.

The portion reserved for QIBs was subscribed 189.57 times, non-institutional investor category 263.05 times and retail portion 15.93 times.

Indigo Paints had mopped up ₹348 crore from anchor investors on Tuesday.

The IPO comprises fresh issuance of stocks aggregating ₹300 crore and an offer-for-sale of up to 58.40 lakh equity shares.

Leave a Reply