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.