Indigo Paints Limited, lists at ₹2,607.50 a premium of 75.00% over the issue price of 1,490. As of 10:13 AM on the listing day, the stock was trading at ₹2,530, a premium of 69.80% to the issue price.
Indigo Paints Limited IPO received stellar response across all investor categories – QIB, NII and RII. Indigo Paints Limited raised a total of ₹1,170.16 crores from this issue, which consisted of a fresh issue of ₹300 crores and an offer for sale of ₹870.16 crores by the promoter and selling shareholders. The issue was subscribed 117 times by investors, resulting in the final allocation of shares by a lottery system.