Indigo IPO Subscription Status

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Indigo IPO Subscription Status

Indigo paint has raised Rs 348 crore from 25 anchor investors.  It had allocated a total of 23,35,020 equity shares to anchor investors at the price of Rs 1,490 per share. The anchor investors include investors like SBI Mutual Fund, HDFC MF, ICICI Prudential, Capital Group, Govt of Singapore among others.

Subscription Status {no. of times (x)}    
ParticularsShares Offered20th Jan21st Jan22nd Jan
QIB1,556,6900.103.86189.57
NII1,167,5141.095.38263.05
Retail2,724,1983.309.5615.93
Employees70,0000.721.812.50
Total5,518, 4021.896.97117.02

The issue would close on 22nd Jan 2021. Promoter and Promoter Group shareholding will decrease to 54% from the current 60.05%, while public shareholding will increase to 46% from the current 39.95%. The Grey market premium for the issue has soared to 50% of the offer price being in the range of Rs 750-Rs 800. Indigo IPO Subscription Status

Grey market premium is strong as the issuer is backed by good fundamentals and is placed at par with its competitors in terms of growth.

IRFC IPO Allotment and Listing 
Basis of Allotment28th Jan 2021
Refunds29th Jan 2021
Credit to Demat Account1st Feb 2021
Listing Date2nd Feb 2021

Home First Finance IPO Details Analysis

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About CA Priyanka Choudhary Jain 76 Articles
Chartered Accountant & an experienced credit analyst. She has worked with CRISIL as a Senior Credit Analyst on rating assignments including business & financial analysis in Corporates as well as the Public Finance Sector. Please mail your queries, feedback, and any suggestions to her on info.financepost@gmail.com

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