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Indigo Paints IPO: Will it colour your portfolio green?

The Indigo Paints public issue is primarily an offer for sale with the majority of the proceeds going to private equity investors and only Rs 300 crore flowing into the company

January 20, 2021 / 05:03 PM IST
Indigo Paints IPO: Will it colour your portfolio green?

Indigo Paints | Abu Dhabi Investment Authority acquired 6,41,953 equity shares in the company at Rs 2,730.29 per share on the NSE, AL Mehwar Commercial Investments LLC bought 4,13,846 shares at Rs 2,774.47 per share, India Acorn ICAV bought 5,38,135 shares at Rs 2,719.79 per share and Nomura India Investment Fund Mother Fund - The MTBJ AC Nomura India Investment FD acquired 5,30,868 equity shares at Rs 2,601.54 per share. However, Edelweiss Finance and Investments sold 3,50,431 shares at Rs 2,613 per share.

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After a slow start to 2021, the IPO (Initial Public Offering) market is now heating up, with three new listings lined up this week. The second among them is Indigo Paints, which is India’s 5th largest company in the decorative paint segment. The issue size is pegged at Rs 1,168-1,169 crore and consists of a combination of primary and secondary sale of shares. At the upper end of the price band, the stock market valuation of Indigo Paints will...

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