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Update on Indigo Paints IPO

Current Grey Market premium is estimated at 60%

HNI / Non institutional category is already oversubscribed 117 times as on 13:30 hours of Jan 22 (last date of IPO) and will increase further. Therefore, amount allotted as a percentage of amount bid for will be less than 1%

We are applying with some balance in our savings (ASBA ) accounts. Expecting low allotment but whatever is allotted should give a listing gain.

We are keeping balance available for Home First Finance IPO closing Jan 25. Lower Grey market premium but also may just see lower oversubscription thus increasing chances of allotment. 

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