Last updated on April 5th, 2021 at 10:50 pm
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.
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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.
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