Paints IPO?
Indigo Paints IPO will be open for subscription from January 20-22. Investors can make a minimum bid of 10 equity shares and in multiples of 10 thereafter. The company has fixed a price band of Rs 1,488-1,490 for the Rs 1,000 crore IPO.As per dealers, the scrip was demanding a premium of Rs 830-850 a piece in the grey market earlier on Thursday. This translated into a 55-60 per cent premium over the upper limit of the price band.The issue would comprise of a fresh issue, aggregating Rs 300 crore. In addition, there would be an offer-for-sale (OFS) of up to 58,40,000 equity shares by its existing shareholders.