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Tag: indigo paints share price

  • Indigo Paints shares rise round 7 per cent

    The shares of Indigo Paints prolonged their opening day features and rose round 7 per cent increased within the early morning commerce on Wednesday.
    The scrip of the Pune-based paint maker rose 7.35 per cent to Rs 3,348.00 on the BSE whereas on NSE it touched Rs 3,329.95, rising 6.83 per cent within the course of.
    So far within the day, over 11.87 lakh shares have been traded on NSE whereas over 1.46 lakh shares exchanged palms on BSE.

    The ornamental paints producer made a stellar debut within the inventory markets on Tuesday because it bought listed at a premium of 75 per cent in opposition to the difficulty worth of Rs 1,490. The inventory nonetheless didn’t cease there and hit a 20 per cent higher circuit on the primary day.
    Indigo Paints IPO had acquired a strong demand throughout its provide interval from January 20-22. The concern was oversubscribed by 117.02 instances.

    The firm raised Rs 1,170 crore from the difficulty which might 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.

  • Indigo Paints makes spectacular market debut; shares zoom 75%

    Shares of Indigo Paints on Tuesday made a formidable market debut, itemizing with a premium of 75 per cent towards its subject worth of Rs 1,490.
    The inventory obtained listed at Rs 2,607.50, registering a pointy achieve of 75 per cent towards its subject worth on the BSE. Later, it zoomed 84.98 per cent to Rs 2,756.30.
    At the NSE, it listed at Rs 2,607.50, leaping 75 per cent.
    The firm’s market valuation stood at Rs 11,684.85 crore on the BSE.
    Indigo Paints’ Rs 1,170-crore preliminary share-sale final month garnered an awesome response from traders and was subscribed 117 occasions.
    The worth vary for the supply was mounted at Rs 1,488-1,490 per share.
    The Pune-based firm manufactures a spread of ornamental paints and has an in depth distribution community throughout the nation.
    The supply was open for public subscription throughout January 20-22.

  • Indigo Paints shares itemizing on BSE, NSE in the present day: Grey market premium sturdy, bumper debut seemingly

    Image Source : INDIGO PAINTS WEBSITE Indigo Paints shares itemizing on BSE, NSE in the present day: Grey market premium sturdy, bumper debut seemingly 
    Shares of Indigo Paints will likely be listed on BSE and NSE on Tuesday. Indigo Paints is an revolutionary paint firm and fifth largest ornamental paints producer within the nation. It provides a variety of inside and exterior wall paint colors, enamels and wooden coatings for houses and places of work.

    Indigo Paints’ Rs 1,170-crore preliminary share-sale garnered an awesome response from traders. The IPO obtained bids for 64.58 crore shares towards a proposal dimension of 55.18 lakh shares, translating right into a subscription of 117.02 occasions. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 189.57 occasions, whereas that of non-institutional investor class obtained 263.05 occasions subscription and retail portion was subscribed 15.93 occasions. The firm mopped up Rs 348 crore from anchor traders. 

    The Rs 1,170.16-crore IPO comprised contemporary issuance of shares aggregating to Rs 300 crore and an offer-for-sale of as much as 58.40 lakh fairness shares by non-public fairness agency Sequoia Capital, by its two funds SCI Investments IV and SCI Investments V, and promoter Hemant Jalan. The worth band was fastened at Rs 1,488-1,490 a share for the preliminary share-sale, which was open for public subscription throughout January 20-22.

    Indigo Paints shares itemizing 

    Indigo Paints shares allotment course of was accomplished on January 28. The refund course of was initiated on January 29 for many who did not get the IPO. The shares have been credited within the Demat account of those that obtained the allotment was completed on February 1.

    Indigo Paints shares itemizing will likely be on the inventory alternate will likely be completed on February 2. It will likely be listed on each the BSE and NSE.

    Indigo Paints shares gray market premium 

    Experts really feel the itemizing premium of Indigo Paints may very well be round 50 per cent over the problem worth, given the sturdy subscription its public provide obtained and revived market sentiment after the Budget.

    In the gray market, the buying and selling premium is round 60 per cent over its difficulty worth. On February 1, the Budget day, it was buying and selling round Rs 850-900 per share within the gray market towards Rs 740-750 per share on January 31.

    Indigo Paints fastest-growing paint firm

    Indigo Paints can be one of many fastest-growing paint corporations within the nation by way of income. The firm has grown at a 42% CAGR over the monetary yr 2010 to 2019 towards a 12-13% CAGR recorded by prime 4 gamers — Asian Paints, Berger Paints, Nerolac, and Akzo. According to brokerage and analysis agency Motilal Oswal, the ornamental Paints business is a Rs 40,300 crore business.

    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 had three manufacturing amenities situated in Rajasthan, Kerala and Tamil Nadu. The firm will utilise contemporary difficulty proceeds for growth of the present amenities.

    READ MORE: IPO vs NFO: Which is best for funding – Basic distinction, threat evaluation
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  • Indigo Paints IPO subscribed 1.90 occasions on day 1 of bidding

    Image Source : INDIGO PAINTS WEBSITE Indigo Paints IPO subscribed 1.90 occasions on day 1 of bidding
    The preliminary public provide of Indigo Paints was subscribed 1.90 occasions on the primary day of bidding on Wednesday. The provide acquired bids for 1,04,67,410 shares in opposition to 55,18,402 shares on provide, as per information obtainable with NSE.
    The portion reserved for certified institutional patrons (QIBs) was subscribed 10 per cent, non institutional buyers 1.10 occasions and retail particular person buyers (RIIs) 3.29 occasions.
    The preliminary public provide contains a recent subject of as much as Rs 300 crore and a proposal on the market of as much as 58,40,000 shares. The worth vary for the provide has been mounted at Rs 1,488-1,490 per share. At the higher finish of the value band, the preliminary public provide (IPO) is predicted to fetch Rs 1,170.16 crore.

    Sequoia Capital-backed Indigo Paints on Tuesday stated it has mopped up Rs 348 crore from anchor buyers. Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities are the managers to the provide.
    Proceeds from the recent issuance of shares could be used to develop the prevailing manufacturing facility at Pudukkottai in Tamil Nadu, buying tinting machines and gyro shakers and compensation/prepayment of borrowings. The Pune-based firm manufactures a spread of ornamental paints and has an in depth distribution community throughout the nation.
    READ MORE: Indigo Paints IPO: Check worth band, cut-off date and extra – Should you subscribe?
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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.