Ever since the announcement of the IPO by Indigo Paints, these IPOs were seen trading at a premium rate of 50% above the issue price in the gray market.
- January 22, 2021, 10:48 PM IST
You can invest in IPO till January 22
This is the second IPO of this year for Indigo Paints. Since the announcement of the IPO by the company, these IPOs were shown to be trading at a premium rate of 50 per cent more than the fixed issue price in the gray market. Its premium in the gray market on January 15 was around 840-850 rupees. This means that on that day it was selling for between Rs 2,340-2,330.
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Indigo Paints will finalize the basis of share allocation on January 28. At the same time, the people who will not be allotted in this IPO will be refunded the blocked funds from January 29. On February 1, the company will issue shares in the demat account of those who will be allotted shares. At the same time, its listing will be on the stock exchange on February 2. It will be listed on both BSE and NSE stock exchanges. Investors applying for subscription can check share allotment status by visiting BSE website.