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How to Apply for Indigo Paints IPO Online

20 January 2021
2 minutes

Indigo paints IPO is opening for subscription tomorrow i.e. January 20, 2020 (now live on Groww!) and will remain open till January 22, 2020. The price band has been fixed at Rs.1488 to Rs.1490 per equity share. You can invest in Indigo Paints IPO on Groww, via your UPI ID. Here’s how:

Also Read: Indigo Paints IPO-Basic Details

Step 1 : Login to your Groww account on web and then go to https://groww.in/ipo. You will be able to see a list of open, upcoming and recently closed IPOs. Select Indigo Paints IPO from the list of open IPOs If you are using Groww app, then click on the stocks tab and scroll down to see the list of open IPOs.

Step 2 : As you click on Indigo Paints IPO you will be able to view important details such as issue size, price etc on the IPO Card. You can also read the Red Herring Prospects for detailed information about the objects of the offer, promoters etc.

Step 3 : Once you have read all the important information, click on ‘Apply’. Next, enter the bid price and quantity. You can either enter the price manually or place the bids at cut off price. The quantity will be in multiples of the lot size only which is 10 shares in the case of Indigo Paints. You can place upto 3 bids.

Step 4 : Click on ‘Continue’ to proceed, once you have placed the bids.

Step 5 : Enter UPI ID, verify bids and click on ‘Submit Bid‘.

Step 6 : A request will be sent to your UPI app . Approve the mandate to confirm the order. Upon confirming, the highest bid amount will be blocked in your account and cannot be used for withdrawal. This amount will get unblocked in case you do not receive an allotment.

Also Read: How To Find IPO Mandate on Gpay and Phonepe

And that’s it! Your IPO application is complete! You can check the status of your IPO application on the sidebar. Any modifications or order cancellation can be done only till the time the IPO is open.

Happy Investing!

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