7th Best Listing in a Decade: Indigo Paints doubles investor monies on IPO Listing, closes at 110% premium

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 Mumbai, February 2, 2021: Pune based, Indigo Paints Limited, one of the fastest growing amongst the top five paint companies in India, whose IPO opened on January 20, 2021 and closed on January 22, 2021 listed on the BSE and NSE at a 75 % premium. The initial public offering was offered at a lower price band of Rs 1,488 per share and higher price band of Rs 1,490 per share and found a great response from all investor categories to be subscribed over 117.02 times.

One of the leading manufacturers of decorative paints, Indigo Paints Ltd debuted on the bourses with a stellar listing with its share price hitting the upper circuit on the listing day itself.

The total quantity traded was 10.36 lacs with a delivery quantity of 4,65,803 (44.98%) and the turnover of Rs. 281.05 crores at BSE. The total quantity traded was 1,26,52,036 with a delivery quantity of 54,56,304 (43.13%) and the turnover of Rs. 3396 crores at NSE. It touched a high of Rs 3129 per share which was the 20% upper circuit limit.

Speaking on its successful listing - Mr. Hemant Jalan, Chairman & Managing Director, Indigo Paints Ltd said “ The response has been great and our commitment to the investors will definitely show greater resolve. We are overwhelmed with the tremendous response and we commit to outperform in the paints industry by continuing the tradition of the first-movers in the market amongst our competitors."

The Market Capitalization of the Company post today’s closing price stands at Rs. 14,835 crores as per BSE data.

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