Indigo Paints, the fifth largest decorative paint
company in India, opens its initial public offering
for subscription on January 20 with a price band
at Rs 1,488-1,490 per share.
The IPO comprises fresh issue of Rs 300 crore,
and an offer for sale of 58,40,000 equity shares
by promoter (Hemant Jalan) and investors
(Investors Sequoia Capital India Investments IV
and SCI Investments V).