MoneyWorks4Me

Indigo Paints lists with 75% premium on the BSE

02 Feb 2021 Evaluate

Indigo Paints has debuted at Rs 2607.50 on the BSE, up by 1117.5 points or 75% from its issue price of Rs 1490.

The scrip is currently trading at Rs 2506.10, up by 1016.10 points or 68.19% from its issue price. It has touched a high and low of Rs 2756.30 and Rs 2428.20 respectively. So far 5.74 lakh shares were traded on the counter.

The offering, which was open for subscription between January 20, 2021 and January 22, 2021, was subscribed 117 times. The issue price was fixed at Rs 1490 per share i.e. at upper end of price band of Rs 1488-1490 apiece.

Indigo Paints is the fastest growing amongst the top five paint companies in India.

Peers
Company Name CMP
Asian Paints 2406.25
Berger Paints India 452.30
Kansai Nerolac Paint 175.30
JSW Dulux 3020.75
Indigo Paints 1054.15
View more..