Indigo Paints’ IPO allotment: Here’s how to check share allotment status

• The basis of allotment for ₹1,000 crore initial public offering (IPO) of Sequoia Capital-backed Indigo Paints’ will be announced on January 28.
• The IPO of India’s fifth-largest paint maker was subscribed 117 times the offer value on the last day of subscription.
• Here’s how to check Indigo Paints IPO allotment status on registrar website and stock-exchanges.

The basis of allotment for ₹1,000 crore initial public offering (IPO) of Sequoia Capital-backed Indigo Paints’ will be announced on January 28. The IPO of India’s fifth-largest paint maker clocked in a massive response from investors on the last day of subscription — the issue was subscribed 117 times the offer value.

This was the second initial public offer this year. According to data from the stock-exchanges, the issue received bids for 64 crore equity shares against the offered size of 55 lakh equity shares.

Indigo Paints IPO	Qualified Institutional Buyer	Non-institutional Investor	Retail Individual Investor	Employee	Total
No. of times issue subscribed	189.57x	263.05x	15.93x	2.50x	117.02x

The listing is scheduled for February 2, and equity shares will be listed on both the exchanges — BSE and NSE.

The grey market premium of Indigo Paints plunged nearly 10% after Birla Group-owned Grasim announced its foray into the paint business. The entry of a top billionaire like Birla was not a risk investors had factored in at the time of subscription.

Here’s how to check Indigo Paints IPO allotment status:

If you have bid for the Indigo Paints IPO, you can check your allotment status by following these simple steps:

To check on the stock-exchange website:

• To check the Indigo Paints IPO allotment status, go to the BSE website or NSE website.
• On BSE, Select ‘Equity’ and then from the dropdown, select ‘Indigo Paints.’
• Now, enter your application number and PAN.
• Hit ‘Search’.

Please note the details will only be available once the shares are allotted.

You can also visit the Registrar website (Link Intime India Private Ltd) to check your application status.

• Since Link Intime India is the registrar for Indigo Paints IPO, you can visit their website here.
• Click on ‘Company selection’ and click on ‘Indigo Paints IPO.’ It will only appear post allotment on October 27.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID.
• Enter the captcha and click ‘submit.’

Your application status will appear on the screen once you click ‘submit.’ Please make sure the details you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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