MTAR Technologies IPO to open on March 3: Here's everything you need to know about the ninth IPO of this calender year
Being one of the fastest-growing paint companies in India and in terms of revenue, Indigo Paints has a strong market network with dealers in Tier 1, Tier 2, and metros
The Rs 1,170.16-crore public issue comprises of Rs 300 crore of fresh issuance of shares and Rs 870.16 crore of offer-for-sale by promoter Hemant Jalan and investors.
While the government plans to reduce its stakeholding in IRFC to 86% from 100% from the IPO, the promoter holding in Indigo Paints of 60.05% will reduce to 54%, post the issue
As per company's DHRP, its main objective for the issue is to meet the upcoming capital expenditure requirement for manufacturing facility expansion at Pudukkottai, Tamil Nadu, to purchase tinting machines and gyroshakers and repay all or certain borrowings
The three-day IPO of Indian Railway Finance Corporation (IRFC) would be open for public subscription during January 18-20, while the IPO of Indigo Paints would open on January 20 and conclude on January 22
Indigo Paints, which filed its preliminary IPO papers with Sebi in November, obtained its observation on December 31, an update with the capital markets watchdog showed on Monday
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"We are looking at an IPO in the second half of next year and it is to catapult the growth into the next stage than fresh capital requirements for expansion," said Hemant Jalan, managing director
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