Indigo Paints makes spectacular market debut; shares zoom 75%

Shares of Indigo Paints on Tuesday made a formidable market debut, itemizing with a premium of 75 per cent towards its subject worth of Rs 1,490.
The inventory obtained listed at Rs 2,607.50, registering a pointy achieve of 75 per cent towards its subject worth on the BSE. Later, it zoomed 84.98 per cent to Rs 2,756.30.
At the NSE, it listed at Rs 2,607.50, leaping 75 per cent.
The firm’s market valuation stood at Rs 11,684.85 crore on the BSE.
Indigo Paints’ Rs 1,170-crore preliminary share-sale final month garnered an awesome response from traders and was subscribed 117 occasions.
The worth vary for the supply was mounted at Rs 1,488-1,490 per share.
The Pune-based firm manufactures a spread of ornamental paints and has an in depth distribution community throughout the nation.
The supply was open for public subscription throughout January 20-22.