Tag: Indigo Paints IPO price

  • Indigo Paints IPO oversubscribed inside hours on first day: All it is advisable know

    The preliminary public providing (IPO) of Sequoia Capital-backed Indigo Paints opened for subscription earlier at the moment and was oversubscribed inside a number of hours itself. So far, the difficulty was subscribed over 1.89 occasions by the tip of first day of bidding. It acquired a requirement for 1,04,67,410 shares throughout each the inventory exchanges in opposition to 55,18,402 shares on provide.
    Indigo Paints manufactures a spread of ornamental paints and has an in depth distribution community throughout the nation.
    The Indigo Paints IPO will probably be out there for subscription until Friday, January 22, 2021, and the worth band of the Pune-based paint producer has been fastened at Rs 1,488-1,490 per share. At the higher finish of the worth band, the general public concern is predicted to fetch Rs 1,170.16 crore.
    Investors who want to subscribe to Indigo Paints IPO can bid in plenty of 10 fairness shares and multiples thereafter. At the higher value band, they are going to be shelling out Rs 14,900 to get a single lot of Indigo Paints. The shares will probably be listed on each BSE in addition to the National Stock Exchange (NSE).
    All candidates of Indigo Paints IPO additionally should notice that the cut-off time for UPI mandate affirmation is Monday, January 25, 2020, upto 12:00 pm. If they fail to take action then their utility will not be thought-about.
    The Indigo Paints IPO includes recent issuance of shares aggregating to Rs 300 crore and an offer-for-sale of as much as 58,40,000 fairness shares (together with anchor portion of 23,35,020 fairness shares) by Sequoia Capital via its two funds — SCI Investments IV and SCI Investments V — and promoter Hemant Jalan.
    The anchor buyers’ portion was open for subscription on Tuesday and Indigo Paints collected Rs 348 crore from anchor buyers, information company PTI reported earlier at the moment.
    Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities are the lead managers to the Indigo Paints IPO whereas Link Intime India is the registrar to the difficulty.
    The proceeds from the IPO can be used to broaden the corporate’s present manufacturing facility at Pudukkottai in Tamil Nadu, buying tinting machines and gyro shakers and compensation/prepayment of borrowings.

    Geojit Financial Services, IIFL Securities and LKP Securities of their respective analysis notes have all really useful “Subscribe” to the provide.
    IIFL Securities in its IPO notice mentioned, “As per our estimates, Indigo Paints would yield a valuation of 46x FY23E EPS (on upper price band) vs. 63x for Asian Paints and 77x for Berger Paints. A combination of higher growth and lower valuations makes for an exciting investment opportunity. We recommend Subscribe to the IPO, given favorable growth valuation equation.”

    LKP Securities in its analysis report famous that, “Indigo is the fastest growing paint company which has grown at a much faster pace in the last decade than any other paint company in india. The company has adopted a differentiated approach to market and sell its products in the industry which is dominated by the larger players. Indigo has been able to expand its EBIDTA/PAT margins from 6.4%/3.2% in FY18 to 14.6%/7.7% on the back of economies of scale and better raw material sourcing. The company’s ROE & ROCE has also improved significantly to be at par with the industry leaders in the last five years.”

  • Indigo Paints IPO opens at the moment: Check value band, cut-off date and extra – Should you subscribe?

    Image Source : IPO WATCHLIST AND INDIGO PAINTS Indigo Paints IPO opens at the moment
    Sequoia Capital-backed Indigo Paints preliminary public providing (IPO) will open for public subscription on Wednesday (January 20). The firm has fastened a value band of Rs 1,488-1,490 a share for its preliminary share-sale. The three-day IPO will conclude on January 22.

    The IPO includes contemporary issuance of shares aggregating to Rs 300 crore and an offer-for-sale of as much as 58,40,000 fairness shares by personal fairness agency Sequoia Capital, via its two funds — SCI Investments IV and SCI Investments V — and promoter Hemant Jalan.

    Indigo Paints anchor buyers

    The anchor buyers’ portion opened for subscription on January 19. The firm stated that it mopped up Rs 348 crore from anchor buyers forward of its preliminary share-sale. A complete of 23,35,020 shares have been allotted to 25 anchor buyers at Rs 1,490 apiece, which is the higher finish of the value band. At this value, the corporate mobilised Rs 348 crore.

    Among the main anchor buyers are Government of Singapore Investment Corporation, Fidelity, Goldman Sachs, Nomura, Government Pension Fund Global,  HSBC,  SBI Mutual Fund(MF), HDFC MF, ICICI Prudential MF, Axis MF, HDFC Life and ICICI Prudential Life.

    At the higher finish of the value band, the general public challenge is predicted to fetch Rs 1,170.16 crore, which includes Rs 300 crore via contemporary issuance of shares and Rs 870.16 crore via offer-for-sale.

    Indigo Paints IPO: 35% reserved for retail buyers

    Half of the difficulty is reserved for certified institutional patrons, 35 per cent for retail buyers, 15 per cent for non-institutional bidders and there’s a reservation of as much as 70,000 fairness shares for subscription for workers, who will get a reduction of Rs 148 per fairness share to the supply value.

    Proceeds from the contemporary issuance of shares can be used for growth of the prevailing manufacturing facility at Pudukkottai in Tamil Nadu, for buying of tinting machines and gyro shakers and compensation/prepayment of borrowings.

    Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities are the ebook working lead managers to the difficulty.

    The Pune-based firm manufactures a variety of ornamental paints and has an intensive distribution community throughout the nation. As of September 30, 2020, the corporate has three manufacturing amenities situated in Rajasthan, Kerala and Tamil Nadu.

    READ MORE: IRFC IPO subscribed 1.22 instances on 2nd day
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  • IRFC, Indigo Paints IPOs to hit market this week, eye over Rs 5,800 cr

    Image Source : PIXABAY IRFC, Indigo Paints IPOs to hit market this week, eye over Rs 5,800 cr
    Two firms — Indian Railway Finance Corporation and Sequoia Capital-backed Indigo Paints — are set to hit the market with their preliminary share-sale provides this week to lift an estimated over Rs 5,800 crore. The firms predict to learn from an fairness market, which is flush with liquidity and has seen a pointy improve in new retail buyers.

    The three-day preliminary share-sale of Indian Railway Finance Corporation (IRFC) could be open for public subscription throughout January 18-20, whereas the IPO of Indigo Paints would open on January 20 and conclude on January 22. IRFC IPO contains as much as 178.20 crore shares, comprising a recent challenge of as much as 118.80 crore and offer-for-sale of as much as 59.40 crore shares by the federal government.

    The worth band has been mounted within the vary of Rs 25-26 per fairness share and on the higher finish of the value band, the IPO is anticipated to fetch Rs 4,633.4 crore. On Friday, the corporate raised Rs 1,390 crore from anchor buyers.

    IRFC, arrange in 1986, is a devoted financing arm of the Indian Railways for mobilising funds from home in addition to abroad markets. Its main goal is to fulfill the predominant portion of “extra budgetary resources” requirement of the Indian Railways via market borrowings on the best charges and phrases.

    The Union Cabinet had in April 2017, authorized itemizing of 5 railway firms. Four of them — IRCON International Ltd, RITES Ltd, Rail Vikas Nigam Ltd and Indian Railway Catering and Tourism Corp — have been listed.

    Meanwhile, the IPO of Indigo Paints contains recent issuance of shares aggregating to Rs 300 crore and an offer-for-sale of as much as 58,40,000 fairness shares by personal fairness agency Sequoia Capital, via its two funds — SCI Investments IV and SCI Investments V — and promoter Hemant Jalan.

    The worth band has been set at Rs 1,488-1,490 a share for its preliminary share-sale. The public challenge would collect Rs 1,170.16 crore on the higher finish of the value band.

    Half of the problem is reserved for certified institutional patrons, 35 per cent for retail buyers, 15 per cent for non-institutional bidders and there’s a reservation of as much as 70,000 fairness shares for subscription for workers, who will get a reduction of Rs 148 per fairness share to the provide worth.

    Proceeds from the recent issuance of shares could be used for growth of the prevailing manufacturing facility at Pudukkottai in Tamil Nadu, for buying of tinting machines and gyro shakers and reimbursement/prepayment of borrowings.

    Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities are the guide working lead managers to the problem.

    The Pune-based firm manufactures a spread of ornamental paints and has an in depth distribution community throughout the nation. As of September 30, 2020, the corporate has three manufacturing amenities situated in Rajasthan, Kerala and Tamil Nadu.

    In 2020, 15 main-board IPOs raised a bit over Rs 26,600 crore, which was a lot larger than Rs 12,362 crore garnered by 16 firms in 2019.
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  • Indigo Paints IPO to open on Jan 20; units worth band at Rs 1,488-1,490/share

    Sequoia Capital-backed Indigo Paints on Thursday mentioned it has fastened a worth band of Rs 1,488-1,490 a share for its preliminary share-sale, which is able to open for public subscription on January 20.
    The IPO contains contemporary issuance of shares aggregating to Rs 300 crore and an offer-for-sale of as much as 58,40,000 fairness shares by personal fairness agency Sequoia Capital, by its two funds — SCI Investments IV and SCI Investments V — and promoter Hemant Jalan.
    The three-day preliminary public providing (IPO) will conclude on January 22. The anchor buyers’ portion might be open for subscription on January 19, Indigo Paints mentioned in a digital press convention.
    At the higher finish of the worth band, the general public subject is anticipated to fetch Rs 1,170.16 crore, which contains Rs 300 crore by contemporary issuance of shares and Rs 870.16 crore by offer-for-sale.
    Half of the problem is reserved for certified institutional patrons, 35 per cent for retail buyers, 15 per cent for non-institutional bidders and there’s a reservation of as much as 70,000 fairness shares for subscription for workers, who will get a reduction of Rs 148 per fairness share to the supply worth.

    Proceeds from the contemporary issuance of shares could be used for growth of the prevailing manufacturing facility at Pudukkottai in Tamil Nadu, for buying of tinting machines and gyro shakers and compensation/prepayment of borrowings.
    Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities are the e-book operating lead managers to the problem.
    The Pune-based firm manufactures a spread of ornamental paints and has an intensive distribution community throughout the nation.

    As of September 30, 2020, the corporate has three manufacturing amenities positioned in Rajasthan, Kerala and Tamil Nadu.

  • Indigo Paints IPO to open on January 20, value band set at Rs 1,480-1,490

    Image Source : ANI Indigo Paints IPO to open on January 20, value band set at Rs 1,480-1,490
     Sequoia Capital-backed Indigo Paints, on Thursday, mentioned it has fastened a value band of Rs 1,488-1,490 a share for its preliminary share-sale, which can open for public subscription on January 20.

    The IPO contains contemporary issuance of shares aggregating to Rs 300 crore and an offer-for-sale of as much as 58,40,000 fairness shares by non-public fairness agency Sequoia Capital, by means of its two funds — SCI Investments IV and SCI Investments V — and promoter Hemant Jalan.

    The three-day preliminary public providing (IPO) will conclude on January 22. The anchor traders’ portion shall be open for subscription on January 19, Indigo Paints mentioned in a digital press convention.

    At the higher finish of the worth band, the general public challenge is predicted to fetch Rs 1,170.16 crore, which contains Rs 300 crore by means of contemporary issuance of shares and Rs 870.16 crore by means of offer-for-sale.

    Half of the difficulty is reserved for certified institutional consumers, 35 per cent for retail traders, 15 per cent for non-institutional bidders and there’s a reservation of as much as 70,000 fairness shares for subscription for workers, who will get a reduction of Rs 148 per fairness share to the supply value.

    Proceeds from the contemporary issuance of shares could be used for growth of the prevailing manufacturing facility at Pudukkottai in Tamil Nadu, for buying of tinting machines and gyro shakers and compensation/prepayment of borrowings.

    Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities are the ebook working lead managers to the difficulty.

    The Pune-based firm manufactures a variety of ornamental paints and has an intensive distribution community throughout the nation.

    As of September 30, 2020, the corporate has three manufacturing services positioned in Rajasthan, Kerala and Tamil Nadu.
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