HomeBusinessIndigo Paints raises Rs 348 crore from 25 anchor investors

Indigo Paints raises Rs 348 crore from 25 anchor investors

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Ahead of going to IPO on January 20, India based Paint company, Indigo Paints has said, “It has raised Rs 348 crore from 25 anchor investors.”

In a filing with the exchange, Indigo Paints said, “It has finalized the allocation of 23,35,020 equity shares to 25 anchor investors at the price of Rs 1,490 per piece, the higher end of the price band.”

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The shares were issued to domestic and international investors including the Government of Singapore, Smallcap World Fund, Fidelity, Goldman Sachs, Government Pension Fund Global, Nomura, HSBC, Pacific Horizon Investment Trust, Carmignac Portfolio, Theleme Master Fund, Matthews India Fund, Jupiter and Virtus Kar Emerging Markets Small-Cap Fund, SBI MF, HDFC MF, ICICI Prudential MF, Nippon MF, Axis MF, Aditya Birla Sun Life, and Motilal MF received shares of the company via anchor book.

“The IPO comprises fresh issuance of stock aggregation to Rs 300 crore and offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital through its two funds SCI Investments IV and SCI Investments V, and Promoter Hemant Jalan,” the Company said.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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