Indigo Paints IPO to launch on 20 Jan

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Indigo Paints IPO to launch on 20 Jan with ₹1,488– ₹1,490 price band

Indigo Paints Ltd will launch its initial public offering (IPO) on 20 January to raise around ₹1,170 crore. The price band has been set at ₹1,488– ₹1,490 a share for the three-day public offering that will end on 22 January.

The IPO comprises new equity shares aggregating to ₹300 crore by the company and an offer for sale of up to 5.84 million shares, or 12.81%, by Sequoia Capital India (SCI) Investments IV, SCI Investments V, and the promoter selling shareholder, Hemant Jalan.

Indigo Paints trades at over 55% premium in grey market after IPO price announcement