Indigo Paints' public offer includes a fresh issue stocks aggregating to Rs 300 crore.

By 5:00 pm, the issue received bids for 1,04,67,410 shares, representing 189 per cent of the issue size of 55,18,402 shares.

Indigo Paints IPO, which opens for subscription on Monday, has a price band of Rs 1,488-1,490 a share.

According to dealers, the scrip was demanding a premium of Rs 830-850 apiece in the unofficial market earlier on Thursday.