Indigo Paints readies Rp12bn listing

By Jonathan Breen
15 Jan 2021

Sequoia Capital-backed Indigo Paints has fixed the price band for its up to Rp11.7bn ($159.9m) IPO, which is set to open next week.

Left lead bank Kotak Mahindra Capital will kick off the three-day bookbuild for the deal on January 20. Edelweiss Financial Services and ICICI Securities are bookrunning lead managers.

The Indian issuer is floating up to 7.84m shares, including Rp3bn of new stock and 5.84m existing shares. Sequoia Capital ...

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