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 a 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 a 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 a 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.