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Indigo Paints IPO has started its grand debut, home first finance will open tomorrow

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Indigo Paints IPO : The initial public offering (IPO) market boomed in the year 2020.

Indigo Paints IPO started off well.The IPO market is expected to remain strong in 2021 as well.

Today, Indigo Paints, the fifth largest decorative paint company in the country, launched its IPO, which will close on 22 January. 

Companies have raised crores of rupees through IPOs last year due to better liquidity position and encouraging investor response.

Indigo Paints’ IPO started off strongly

It received an eight per cent bid within the initial 15 minutes. As of 10:15 am, the issue received bids for 4,17,240 shares,

which is eight per cent of the total issue size of 55,18,402 shares.

The Sequoia Capital-backed paint maker on Tuesday raised Rs 348 crore from 25 anchor investors at Rs 1,490 per share.

This is the price band

The issue price of the company ranges from Rs 1488 to Rs 1490. In this issue, the promoter of the company Hemant Jalan and investors are offering 58,40,000 crore shares.

The company’s 70,000 equity shares are reserved for employees’ subscriptions. Employees will get Indigo Paints shares at a discount of Rs 148 per share.

It is known that this company sells its paints only with the Indigo brand name.

Home First Finance’s IPO will open tomorrow

Mortgage financing company Home First Finance fixed the price range for its initial public offering (IPO) at Rs 517-518 per share and stated that the IPO would open on January 21. This is the third IPO this year.

The company said in a statement that Home First Finance has an IPO of Rs 1,153.71 crore, which includes a fresh issue of Rs 265 crore and a sales offering of Rs 888.71 crore.

The IPO will close on 25 January. The Home First Finance Company (HFFC) will use the entire proceeds from the IPO to meet future capital requirements. 

IRFC launches first IPO of 2021

The first IPO of 2021 was the Indian Railway Finance Corporation (IRFC).

What is an IPO?

This process is called Initial Public Offering (IPO) whenever a company or government proposes to sell some shares to the public for the first time.

Also Read : Delhi Metro train

 

Indigo Paints IPO Allotment Today: Know the easiest way to check whether you got a share or not

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Indigo Paints IPO Share Allotment Today: The IPO of Indigo Paints has received a very good response

From investors. People have invested money freely in this Indigo Paints IPO. This IPO has received 117 times subscription.

IPO Share Allotment Today: The IPO of Indigo Paints has received a very good response from investors.

People have invested money freely in this IPO. This IPO has received 117 times subscription. This IPO brought for 55.18 lakh shares, people have bid for about 64.58 crore shares.

The IPO for Indigo Paints was Rs 1,170 crore. After getting 117 times subscription in three days, it has now become the biggest IPO of this year.

Shares will be allotment under this IPO on 28.01.2021 today. Shares not found in this allotment, you can check this very easily. Let’s know what is the easiest way to check.

IPO Share Allotment Status: Check as

Step 1 – Go to link – https://linkintime.co.in/IPO/public-issues.html

Step 2 -Select the company name (Indigo Paints)

Step 3- Select your either PAN, Application Number, DP/Client ID, or Account No/IFSC

Step 4 -Enter your either PAN, Application Number, DP/Client ID, or Account No (along with IFSC Code)

Step 5 – Enter captcha code and submit to know the Indigo Paints IPO Share Allotment Status

Check in this way through BSE India

Step 1 – Go to link – https://www.bseindia.com/investors/appli_check.aspx

Step 2 – Select Equity

Step 3 – Select Issue Name (Indigo Paints)

Step 4- Enter Application Number as well as PAN

Step 5 – Click on the search button to know the Indigo Paints IPO Share Allotment Status

Can get 40 percent return on listing

According to Anil Singhvi, the company’s revenue and profit are very good. He said that this company will raise money through IPO and spend it on the company’s expansion plan.

After this investment, the assets of the company will almost double. This will make the valuation of the company quite attractive. This will also increase the company’s revenue significantly.

Investors can get up to 40% listing gain by investing money in this stock. The promoters of the company have 20 years of experience. This will also benefit the company’s growth.

Keep in mind that the market share of this company is only two percent. In such a situation, this company has a lot of potential for growth. This is the plan of the company

The company will expand its Tamil Nadu-based factory with money to be raised through IPOs. Out of Rs 300 crore, 150 crores will be spent on this plant.

The company will invest Rs 50 crore to expand its printing machine business. The company will use Rs 25 crore to repay its term loan, after which the company will become debt-free.

The remaining 75 crores will be spent on other works. Sales of the company were very good during the festive season.

Also Read: Indigo Paints IPO has started its grand debut