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Below are Views On Indigo Piants received a good response from anchor investors By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd

Indigo Piants received a good response from anchor investors by raising Rs.348 crore from 25 anchor investors. The anchor allotment was done at the higher price band of Rs.1490/share. Anchor investors of the issue were SBI Mutual Fund, HDFC Mutual Fund, Capital Group etc

Indigo India IPO was subscribed by 1.9 times on the first day of issue. Retail portion was most subscribed by 3.3 times. Non institutional and QIB was subscribed 1.1 and 0.1 times only as mostly they subscribe in big numbers on the last day of the issue. We expect the IPO to be subscribed many times as a lot of value is left in the table. We expect a good listing for the company at exchange. 

We are positive on the future outlook for the industry as well as the company, so we have recommended to “Subscribe” to the issue for long term as well as for listing gains in our IPO Note

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