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

 

     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.

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

Annex:

Company Name	Listed On	Issue Price	Listing Day Close	Listing Day Gain	Position
Burger King India Limited	Dec 14, 2020	60	138.4	130.67%	3rd
Happiest Minds Technologies Ltd	Sep 17, 2020	166	371	123.49%	5th
Rossari Biotech Ltd	Jul 23, 2020	425	742.35	74.67%	12th
IRCTC Limited	Oct 14, 2019	320	728.6	127.69%	4th
Astron Paper & Board Mill Ltd	Dec 29, 2017	50	119.7	139.40%	2nd
Indigo Paints	Jan 20, 2020	1490	3128	109.31%	7th
Mrs. Bectors Food Specialties Ltd	Dec 24, 2020	288	595.55	106.79%	8th
Salasar Techno Engineering Ltd	Jul 25, 2017	108	259.15	139.95%	1st
Avenue Supermarts Limited	Mar 21, 2017	299	640.75	114.30%	6th
PG Electroplast Limited	Sep 26, 2011	210	411.65	96.02%	11th
Fineotex Chemical Ltd	Mar 11, 2011	70	140.9	101.29%	10th
Career Point Infosystems Ltd	Oct 6, 2010	310	632.35	103.98%	9th
Source: Chittogarh