Shares of Indigo Paints surge by 84% after listing
Shortpedia
Content Team
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The shares of Indigo Paints Limited surged by 84% after listing. The spike in the shares comes after a magnificent response to the paint maker's $160 million initial public offering (IPO) last month. The shares of Indigo Paints rose to as much as 2,747 rupees after opening at 2,607.5 rupees ($35.71). The net value of the Indian paint industry is now over 545 billion rupees. It is expected to grow to 971 billion rupees by 2024.
