Good News From IPO: Earning opportunity in 2021! This company is bringing IPO of 1,000 crores, know when to invest

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Earning opportunity in 2021! This company is bringing IPO of 1,000 crores, know when to invest
Earning opportunity in 2021! This company is bringing IPO of 1,000 crores, know when to invest

IPO: As the year 2021 begins, investors are getting a bumper chance of earning. From next week, you can invest in an IPO. After IRFC, Indigo Paints is also planning to launch an IPO.

New Delhi: As soon as the year 2021 starts, investors are getting a bumper chance of earning. From next week, you can invest in an IPO. After IRFC, Indigo Paints is also planning to launch an IPO. The company is planning to launch an IPO of about Rs 1000 crore. This IPO will be open for subscription from January 20 to January 22, 2021. In this, the company will issue a fresh issue of about Rs 300 crore.

Issue price will be released soon

Let us tell you, currently no information has been given about the issue price and lot size of the share from the company. The company will soon release the issue price as well. Market experts believe that the issue price of the stock can be between Rs 1480 to Rs 1500.




Sequoia Capital will sell stake

Through this IPO, Sequoia Capital will reduce its stake in Indigo Paints. Apart from this, some promoters are also planning to sell stake.

Know what is the company’s plan-

>> IPO will be open for subscription from January 20 to January 22, 2021.

>> The company will issue shares for Rs 300 crore

>> 58.40 lakh shares will be issued through Offer for Sale (OFS)

>> The IPO of Indigo Paints will be managed by Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities.

>> The company will use the proceeds from the IPO to expand the manufacturing unit at Pudukkottai in Tamil Nadu.

Which company has how many shares?

Sequoia Capital and SCI Investments hold a large stake in Indigo Paints. Sequoia Capital holds 85.34 lakh equity shares of the company, out of which the company will sell around 20 lakh shares. Apart from this, SCI Investments is also planning to sell 21.65 lakh shares. SCI Investments holds 92.08 lakh shares.

Big Decorative Paint Company of India

Let us tell you that Pune-based Indigo Paints is the fifth largest decorative paint company in India in terms of operational revenue. Indigo Paints had 3 manufacturing units till September quarter which are located in Rajasthan, Kerala and Tamil Nadu.

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