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Indigo Paints IPO was open for subscription between January 20 and 22. The allotment will be finalised around January 28. The price band for the IPO was Rs.1488 to Rs.1490 per equity share.\.

Read more on Groww: Indigo Paints IPO Latest News and Subscription Status

Here’s how you can check the allotment status next week:

There are three primary ways to check the status:

a) Check Allotment Status on Groww

Once the allotment status is finalised, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:- 

Step 1: Open the Groww App,  scroll down the homepage to see the ‘IPOs’ section.

Step 2: Click on IPOs. On the next page click on the ‘Status’  tab next to Indigo Paints IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.

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Step 3: If you have received the allotment in the IPO, ‘Allotted’ will be written next to your application number. Or else, the status will show as ‘Rejected’. Till the time allotment is finalised, a successful IPO application’s status will show as ‘ Approved’.

b) Registrar website

The registrar for Indigo Paints IPO is Link InTime. After you land on the website’s homepage, click on public issues.

  • From the drop-down menu, select ‘Indigo Paints’.
  • For identification, you can give your PAN number, application number DP/client ID, account number/IFSC code.

c) BSE

You can also check the allotment status on the Bombay Stock Exchange’s 

After you click on the link, you will have to feed in your application number and PAN number to check your allotment status.

FAQs on Indigo Paints IPO Allotment

How do I know if I have received Indigo Paints Allotment or not?

We have discussed the steps for the same above.

What happens to the IPO amount in my bank account?

After applying for an IPO, the required amount is blocked for use from your account. Hence the money is still showing in your balance but is blocked for use. 

Can we know the Indigo Paints listing price?

Knowing the price at which the shares will list is almost impossible. The companies do have an issue price. But the listing price depends on the grey market transactions. Say the issue price was around Rs 200, and it was trading at a grey market premium of Rs 20 then we can expect the shares to list at around Rs 220. However, nothing can be said with certainty.

What is the grey market?

Grey market for an IPO is an unofficial market where the transactions that take place are ‘over-the-counter’ (OTC) in nature. They are mostly are dealt with in cash. Because of its unofficial and OTC nature, there are no rules around it. The transactions are done among a smaller group of people. So the Indigo Paints listing price will depend on the grey market premium. The listing premium/discount is higher/lower than the issue price.

How are the Indigo Paints shares being allotted?

If Indigo Paints IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets minimum one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares.  It is possible that few investors do not get any shares at all, in case of over-subscription.

Why did I not get Indigo Paints allotment?

There are multiple reasons why an investor may not get the allotment:

  • Pure Luck: As mentioned earlier, shares are allotted on a lottery basis. In case of oversubscription, not everyone will be assigned shares.
  • Information mismatch: If your Indigo Paints IPO application has any incomplete information or there is a mismatch in your credentials
  • If your bid price is not within the price band

Will my money come back if I don’t get Indigo Paints IPO allotment?

If you don’t get the allotment in Indigo Paints IPO, the amount will be unblocked, and you will be able to use the amount in your bank account. 

When will Indigo Paints IPO get listed?

Indigo Paints shares will get listed on BSE and NSE on February 2, 2021, tentatively.

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