Indigo Paints Limited’s Initial Public Offering

Shardul Amarchand Mangaldas & Co. advised Kotak Mahindra Capital Company Limited, Edelweiss Financial Services and ICICI Securities Limited.

Indigo Paints Limited completed an initial public offering of 7,853,422 equity shares aggregating to ?1,169.12 crores (approx.) comprising a fresh issue of 2,013,422 equity shares aggregating to ? 299.73 crores (approx.) and an offer for sale of 5,840,000 equity shares from Sequoia Capital India Investments IV and SCI Investments V and Hemant Jalan. 

The Shardul Amarchand Mangaldas & Co. team was led by Prashant Gupta (Picture), National Practice Head – Capital Markets; Monal Mukherjee, Partner; Mubashshir Sarshar, Senior Associate; Aditi Verma, Associate; Oindree Bandyopadhyay, Associate; and Tarun Srikanth, Associate.

Involved fees earner: Oindree Bandyopadhyay – Shardul Amarchand & Mangaldas & Co.; Prashant Gupta – Shardul Amarchand & Mangaldas & Co.; Monal Mukherjee – Shardul Amarchand & Mangaldas & Co.; Mubashshir Sarshar – Shardul Amarchand & Mangaldas & Co.; Tarun Srikanth – Shardul Amarchand & Mangaldas & Co.; Aditi Verma – Shardul Amarchand & Mangaldas & Co.;

Law Firms: Shardul Amarchand & Mangaldas & Co.;

Clients: Indigo Paints Limited ;

Author: Sonia Carcano