- The idea of allotment for ₹1,000 crore preliminary public providing (IPO) of Sequoia Capital-backed Indigo Paints’ might be introduced on January 28.
- The IPO of India’s fifth-largest paint maker was subscribed 117 instances the provide worth on the final day of subscription.
- Right here’s methods to test Indigo Paints IPO allotment standing on registrar web site and stock-exchanges.
The idea of allotment for ₹1,000 crore preliminary public providing (IPO) of Sequoia Capital-backed Indigo Paints’ might be introduced on January 28. The IPO of India’s fifth-largest paint maker clocked in an enormous response from traders on the final day of subscription — the problem was subscribed 117 instances the provide worth.
This was the second preliminary public provide this 12 months. Based on information from the stock-exchanges, the problem from the government-owned firm acquired bids for 64 crore fairness shares in opposition to the provided measurement of 55 lakh fairness shares.
|Indigo Paints IPO||Certified Institutional Purchaser||Non-institutional Investor||Retail Particular person Investor||Worker||Complete|
|No. of instances problem subscribed||189.57x||263.05x||15.93x||2.50x||117.02x|
The itemizing is scheduled for February 2, and fairness shares might be listed on each the exchanges — BSE and NSE.
The gray market premium of Indigo Paints plunged practically 10% after Birla Group-owned Grasim announced its foray into the paint enterprise. The entry of a high billionaire like Birla was not a danger traders had factored in on the time of subscription.
Right here’s methods to test Indigo Paints IPO allotment standing:
In case you have bid for the Indigo Paints IPO, you’ll be able to test your allotment standing by following these easy steps:
To test on the stock-exchange web site:
- To test the Indigo Paints IPO allotment standing, go to the BSE website or NSE website.
- On BSE, Choose ‘Fairness’ after which from the dropdown, choose ‘Indigo Paints.’
- Now, enter your software quantity and PAN.
- Hit ‘Search’.
Please observe the main points will solely be obtainable as soon as the shares are allotted.
You too can go to the Registrar web site (Link Intime India Private Ltd) to test your software standing.
- Since Hyperlink Intime India is the registrar for Indigo Paints IPO, you’ll be able to go to their web site here.
- Click on on ‘Firm choice’ and click on on ‘Indigo Paints IPO.’ It’ll solely seem submit allotment on October 27.
- As soon as the corporate is chosen, you’ll have to enter both your PAN element, the appliance quantity, or shopper ID.
- Enter the captcha and click on ‘submit.’
Your software standing will seem on the display when you click on ‘submit.’ Please be certain that the main points you present are right. It’ll present the variety of shares you subscribed to and the variety of shares allotted to you.SEE ALSO: GameStop short-sellers have lost $5 billion this year as Reddit’s day-trader army squeezed their bearish bets