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According to the regulatory filing, the government has sold 10 per cent stake to Panatone Finvest Limited.

The price band of Indigo Paints IPO has been fixed at Rs 1,488-1,490 per share for the initial share sale. The minimum lot size is 10 equity shares at Rs 14,900.

Including Rs 7,485 crore bond issuance, the total capital raising stood at Rs 1,84,953 crore, according to the report.