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Indigo Paints shares end at Rs 3,129, over twice issue price of Rs 1,490

Stellar debut becomes on back of hugely oversubscribed IPO, with 117 times more demand than shares on offer

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Indigo Paints | Markets

Samie Modak  |  Mumbai 



markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain
Market players attributed part of the gains to short-covering.

Shares of more than doubled on their stock market debut on Tuesday. The sharp rally in the stock took price-to-earnings (P/E) of the country’s fifth largest paint maker way past bigger peers such as Asian Paints and Berger Paints.

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First Published: Tue, February 02 2021. 18:24 IST

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