INSUBCONTINENT EXCLUSIVE:
Indigo Paints will use the IPO proceeds to expand its facility at Pudukkottai in Tamil NaduThe allotment of shares in the Indigo Paints IPO,
which was open for bidding between January 20 and January 22, is likely to be finalised today i.e
The Sequoia Capital-backed Indigo Paints had fixed the price band of its Rs 1,170.16 crore offering at Rs 1,488-1,490 a share and the IPO
The shares are likely to be listed on the BSE Sensex and NSE Nifty on February 2, 2021.The IPO comprised fresh issue of stocks aggregating
to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital and promoter Hemant
Jalan.Indigo Paints will use the IPO proceeds to expand its manufacturing facility at Pudukkottai in Tamil Nadu, buy tinting machines and
gyro shakers, and repay / prepay borrowings.Edelweiss Financial Services, ICICI Securities and Kotak Mahindra Capital Company are the lead
managers of Indigo Paints IPO.Here's how to check the share allotment status of Indigo Paints IPOAccess the website of the registrar, Link
Intime IndiaSelect the IPO i.e
Indigo PaintsProvide a PAN ID or application ID or client ID and DPID (depository participant identification)Click on 'Submit'Open the
website of BSE India - bseindia.comClick on 'Status of Issue Application'Select 'Equity' in Issue TypeChoose 'Indigo Paints' in Issue
NameEnter the Application No
and PAN No.Click on the Search button
