Indigo Paints lists at 75% premium over issue price

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The Economic Times


Indigo Paints made a strong market debut on Tuesday, as the scrip got listed at Rs 2,607.50 apiece on BSE, a 75 per cent premium over its issue price of Rs 1,490. The IPO, which ran from January 20 to January 22, was subscribed 117 times. The issue had received bids for 64.58 crore shares against its offer size of 55.18 lakh shares. The portion reserved for qualified institutional buyers (QIBs) was subscribed 189.57 times, while that for non-institutional investors was lapped up 263.05 times. The retail portion was subscribed 15.93 times.





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