Indigo Paints Share Price: Hot stock tip! Experts unveil this money making strategy after bumper listing

Indigo Paints listing: Indigo Paints share price got listed at Rs 2607 - 75 per cent up from the Indigo Paints IPO issue price of Rs 1490. However, the way stock market has been rallying post-budget 2021, stock market investors are confused about the levels to book profit and the entry level for those who failed to get Indigo Paints shares during the IPO allotment. To solve such problems, stock market experts have said that one should book partial profit as the share is already giving 70-75 per cent gains from their investment in the company's initial public offer (IPO). They advised to re-enter after the profit-booking is completed and the Indigo Paints shares settle down in a fortnight.

Speaking on the Indigo Paints listing, Avinash Gorakshkar, head of Research at Profitmart Securities said, "Those who got Indigo Paints shares during the IPO allotment should book partial profit, offloading 30-40 per cent of the net Indigo Paints shares allotted to them." Gorakshkar said that in the next fortnight, when the budget fuelled stock market rally will settle down and profit-booking will finally complete, then one can re-enter into the scrip at Rs 2,100 to Rs 2,200 per stock levels.``

On money making strategy in regard to the Indigo Paints share price today, Saurabh Jain, AVP — Research at SMC said, "The Indigo Paints shares are given g 70-75 per cent return today in mere one month — the best suitable return that one can expect in this stock market scenario. The way we have been witnessing success of the IPO markets, it's quite clear that the IPO market is overheated." 

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Jain went on to add that the IPO market in overheated condition reflects that people have money for investing but they are shy of investing due to the recent selloff witnessed in the markets. So, they have focussed on the IPO market maintaining a strategy to put money in it and come out of whatever returns they are getting from the IPO. So, my advice for retail investors is to do the same and book complete profit in Indigo Paints shares.

Indigo Paints — the fifth largest decorative paints manufacturer in India — got listed at both BSE and NSE today. It offers a wide range of interior and exterior wall paint colours, enamels and wood coatings for homes and offices.

Indigo Paints' Rs 1,170-crore initial share-sale garnered an overwhelming response from investors. The IPO received bids for 64.58 crore shares against an offer size of 55.18 lakh shares, translating into a subscription of 117.02 times. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 189.57 times, while that of non-institutional investor category received 263.05 times subscription and retail portion was subscribed 15.93 times. The company mopped up Rs 348 crore from anchor investors.