Indigo Paints is likely one of the fastest-growing paint firms in India and when it comes to income, it’s the fifth-largest firm within the decorative paint industry. The firm is engaged in manufacturing various kinds of decorative paints like enamels, emulsions, wooden coatings, primers, distempers, putties, and cement paints.
It is the primary firm that began manufacturing certain differentiated merchandise like Metallic Emulsions, Bright Ceiling Coat Emulsions, Tile Coat Emulsions, Dirtproof & Waterproof Exterior Laminate, Floor Coat Emulsions, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel. The gross sales from these differentiated products are repeatedly rising because it was 26.68% in 2018 elevated to 28.62% in fiscal 2020.
Indigo Paints has a robust market community with sellers in Tier 1, Tier 2, and Metros as effectively. It has Three manufacturing facilities located in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). It is additional seeking to develop its manufacturing capacities at Pudukkottai to fabricate water-based paints.
Company Strengths
- Large product portfolio with differentiated products.
- Well-proven, and constant development track record.
- Strong model equity.
- Extensive community distribution.
- Strategically positioned manufacturing services.
Company Promoters:
Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan and Halogen Chemicals Private Limited are the promoters of the corporate.
Company Financials:
| Particulars | For the yr/period ended (₹ in million) | |||
|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 4,112.91 | 4,219.59 | 3,731.83 | 2,973.94 |
| Total Revenue | 2,602.43 | 6,264.36 | 5,372.62 | 4,031.05 |
| Profit After Tax | 272.05 | 478.15 | 268.70 | 128.62 |
Objects of the Issue:
The net proceed from the Indigo Paints IPO might be used towards following objectives.
- To meet the capital expenditure necessities for manufacturing facility enlargement at Pudukkottai, Tamil Nadu
- To buy tinting machines and gyroshakers.
- To repay all or certain borrowings.
- To meet common company functions.
Indigo Paints IPO Details
| IPO Opening Date | Jan 20, 2021 |
| IPO Closing Date | Jan 22, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹1488 to ₹1490 per equity share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating as much as ₹1,176.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating as much as ₹300.00 Cr) |
| Offer for Sale | 5,840,000 Eq Shares of ₹10 (aggregating as much as ₹[.] Cr) |
Indigo Paints IPO Tentative Timetable
The Indigo Paints IPO open date is Jan 20, 2021, and the close date is Jan 22, 2021. The issue might list on Feb 2, 2021.
| IPO Open Date | Jan 20, 2021 |
| IPO Close Date | Jan 22, 2021 |
| Basis of Allotment Date | Jan 28, 2021 |
| Initiation of Refunds | Jan 29, 2021 |
| Credit of Shares to Demat Account | Feb 1, 2021 |
| IPO Listing Date | Feb 2, 2021 |
Indigo Paints IPO Lot Size
The Indigo Paints IPO market lot size is 10 shares. A retail-individual investor can apply for as much as 13 lots (130 shares or ₹193,700).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10 | ₹14,900 |
| Maximum | 13 | 130 | ₹193,700 |
Indigo Paints IPO Promoter Holding
| Pre Issue Share Holding | 60.05% |
| Post Issue Share Holding | 54% |
Indigo Paints IPO Prospectus
Company Contact Information
Indigo Paints Limited
Indigo Tower, Street-5, Pallod Farm-2
Baner Road, Pune 411 045
Phone: 91 20 6681 4300
Email: secretarial@indigopaints.com
Website: http://www.indigopaints.com/
Indigo Paints IPO Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: indigopaints.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Indigo Paints IPO Lead Manager(s)
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Indigo Paints IPO FAQs
- What is Indigo Paints IPO?
Indigo Paints IPO is a main-board IPO of [.] equity shares of the face worth of ₹10 aggregating as much as ₹1,176.00 Crores. The concern is priced at ₹1488 to ₹1490 per equity share. The minimum order amount is 10 Shares. The IPO opens on Jan 20, 2021, and closes on Jan 22, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE. - How to apply in Indigo Paints IPO through Zerodha?