Indigo Paints is the fifth largest company in the Indian Decorative paint industry. The company recently filed its IPO on 20 January 2021.
The issue will remain open till end of the day today (20 January 2021) as it is the final day of the IPO. So far, the issue has been subscribed 117.02 times.
On the final day of the bidding, the company received bids for 64.57 crore equity shares over crossing the offer size. The IPO size offered 55.8 lakh shares which is excluding the anchor book, as per the available records.
The Rs 1,170 crore issue incorporates a fresh issue of Rs 300 crore along with an OFS of 58.40 lakh crore equity shares.
Portion reserved for the QIB or qualified institutional buyers witnessed a 100 percent subscription on the closing day. The QIB portion of Indigo Paints was subscribed for 189.57 times.
However, the portion for non-institutional investors had double subscriptions as compared to QIB. The NII is also houseful at 263.05 times subscriptions, however, the retail investors have lodged 15.93 times.
Issue reserved for the employee portion was subscribed 2.50 times today.
With its hyped up IPO the company is set to expand its market in the Southern India utilizing the net proceeds from its fresh issue.
Here you can click on this Link to check the Allotment status of Latest IPO and its Performance – https://top10stockbroker.com/ipo-allotment-status/
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