Indigo Paints Limited IPO Message Board (Page 50)

Price band 1480-1500

Aniket sir,.
All your suggested shares Airtel, Wipro, NTPC. Etc r rocking now.

It''s not only my shares, actually it''s whole market is rocking.
Thanks.

If I want to open my own ipo . What should I do ??

Nice jumla.....even trumpandmodi may feel ashamed....

Please keep a 50 % Quota for us Chittorgarh-ians here....your poor cousins.

Indigo Paints IPO – *Market’s Current Estimates of oversubscription*:

NII = 64.00K Crs. = ~366.08X
RII = 26.00L Forms = 9.56X Applic. wise (Avg allotment of ~1.05 shares per lot)

Interest cost *@8.00%p.a.* for 7days = 230.14paise for 1X

Thus, for NII the costing = 366.08 X 230.14paise = Rs.842.49 per share (= GMP)

And, for RII the costing = 842.49 X 1.05 = Rs.881/- (= Kostak)


Indigo Paints IPO – *GMP Estimated*
GMP 840 +/- 2
Kostak 880 +/- 10

Thank you @eagleye madam

GMP of 800 plus appears sky high. Promoters want to get price of Rs 1200 for their share in this Rs 1000 crore IPO . It gives the company a PE of about 200 at GMP of 800. Highest PE in paints sector is about 100. Will someone elaborate? Something fishy.

High GMP means higher growth expectation from the crowd this is due to the revival in the economy and stalled projects be residential or commercial picking up pace. Also, stocks like DMART which commands a PE of 215x, Nestle India - 85x, HUL - 77x are all high growth stocks. No one is expecting them to falter in the long run. Good stocks command premium valuations. Indigo is one of those I strongly believe

MS Dhoni is the Brand Ambassador for this company and that''s why such high GMP. :D

Dates as told will be 20th
Remember Informed in advance.

However Price to be Slightly Increase
Price Range: 1360-1455

Promoters are Smart and Well Know Grey Crazy.

I am told This can be IPO of the Year candidate both for short and Long Term.


My Retail Friends,

Those Who Think Missed
India Mart or Affle ~~ Buy Route
Divis or Laura''s ~~~ Gland
Jubilant ~~~ Burger King
Asian Paints or Berger~~~ Indigo
Kotak or HDFC ~~~ Au


Don''t Regret This time.

My Pick
Pidilite
Hero Motor
India Cement
Hdfc Life

@Arjun, Any view on your previous suggested stock Ujjivan Small Bank?

Arjun Rajkot, Top Contributor : You have answered one of my questions. Wanted to know if one can still buy Route. So, thanks.

Those who do not have Asian paints , in potfolio
should buy at the time of listing ,
Donot sell if you get allotment

IRFC Final Date

18-20 Jan 2021

Before Indigo

Opportunism at its best with sensex at a kissing distance from 50000. Wish issue a huge success . grey market today will be interesting any thing from 10 to 1000 will be welcome as retailers will make some money at that listing price at grey market sustain till that day. Congratulations to existing shareholders of paints and building related material sector. Promoters will get 1500x5840000=876 crore instead of 700 as promoters wished in prospectus. Intereng developments. Wish everyone a huge success.

For indigo share price is 1500 per share and GMP is 840 means loss of 50% or 1500+840= 2340..please guide
I m new..

Good Joke

The second one, grey market price 840 means 1500 plus 840. So the listing of Indigo paint expected at 2340

SBI allowing third party applications too. Total up to 5 applications .

Any other banks are allowing third party applications , tell it is useful for our members if you know anybody or applied before for any ipo .

Yes OptimusPrime you are right.

Third party UPI & ASBA both application 100000% rejected
You got only *not found* on registrar site

Market share of different paints for the year 2019.

ASIAN PAINTS (42%)      
BERGER PAINTS (12%)      
KANSAI-NEROLAC PAINTS (7%)      
AKZO NOBEL- DULUX PAINTS (5%)      
INDIGO PAINTS (2%)
OTHERS (33%)      .

Please note, latest data for 2020 is not available.

Read Indigo paints (in place of Zindigi paints)

Nand kishore jinis tarah ki information kaha par available hoti hai??

Need to pay amount through SCSBs site for Aditya Birla Fashion and Retail Limited. However not sure... how to pay. Anyone can guide me on that-

a) Through Physical/Online ASBA
Shareholders may pay the first call money by:
(i) Online : Website of the SCSBs

You need to pay through online ASBA from your bank.

SCSBs are "Self-Certified Syndicate Banks under the Syndicate ASBA facility for other than Retail Category (equity issuances)"

Bank of baroda de kitne aplication lega sakte h please replay

5

Bankof baroda sekitne application laga sakte h please replay

Listing is 2nd february

Any budget effect can we expect , if it positive no problem , if it is negative ,what will happen and how much effect we can expect ?

Indigo Paints IPO
Opens : 20th Jan 2021
Closes : 22nd Jan 2021

Also be first to update price band also.Thnx.
If date is not finalised this week GMP may fall down to 400-500 from 800-850.

Thanks for the update. At least the date is finalised, now the question at what price band. High demand of this IPO in market, hopefully going to be added as blockbuster IPO of 2021.

...
Indigo Paints IPO – Schedule *(Pg #333 of RHP)*

15th Jan – Announcement of Price Band
19th Jan – Anchor Investors Allotment
20th Jan – Offer Opens
22nd Jan – Offer Closes
28th Jan – Finalisation of Basis of Allotment
29th Jan – Unblocking of ASBA Accounts
01st Feb – Credit of Equity Shares to Depository Accounts
02nd Feb – Commencement of Trading


Indigo Paints IPO – Issue Information *(Tentative)*

Issue Opens on: 20 January 2021
Issue Closes on: 22 January 2021
Issue Type: Book Built Issue IPO
Issue Size: 78,40,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.1,480 – Rs.1,500 per Share *(Tentative)*
Discount: NIL
Market Lot: 10 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 4,55,55,575 Shares
Fresh Issue of 20,00,000 Shares @1500/- = Rs.300.00Crs
Offer for Sale of 58,40,000 Shares @1500/- = Rs.876.00Crs
Equity Shares outstanding after the Issue = 4,75,55,575 Shares

Category-wise Break up:
Anchor – 23,31,000 Shares = 349.65Crs
QIB – 15,54,000 Shares = 233.10Crs
NII – 11,65,500 Shares = 174.83Crs
RII – 27,19,500 Shares = 407.93Crs (Lot size: 10 = 2,71,950 Forms)
Empl. Quota – 70,000 Shares = 10.50Crs
Total Issue – 78,40,000 Shares = 1,176.00Crs.

Subscription required for 1X
RII = 2,71,950 Forms
NII = 174.83Crs


Indigo Paints IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus dated November 11, 2020 (402 pages)
2) RHP = Draft Red Herring Prospectus dated January 11, 2020 (404 pages)

EPS for FY17-18 >>> Rs.02.82 (Page #119 of RHP)
EPS for FY18-19 >>> Rs.05.90 (Page #119 of RHP)
EPS for FY19-20 >>> Rs.10.49 (Page #119 of RHP)
EPS for H120-21 >>> Rs.05.97 (Page #119 of RHP)

RoNW for FY17-18 >>> 10.09% (Page #120 of RHP)
RoNW for FY18-19 >>> 18.22% (Page #120 of RHP)
RoNW for FY19-20 >>> 24.27% (Page #120 of RHP)
RoNW for FY16-17 >>> 12.12% (Page #120 of RHP)

NAV as on September 30, 2020 was Rs.49.20 (Page #120 of RHP)

Listed Industry Peer Group (Page #121 of DRHP):
Asian Paints
Berger Paints India
Kansai Nerolac Paints
Akzo Nobel India


Indigo Paints IPO – *Market’s Current Estimates of oversubscription*:

NII = 60.00K Crs. = ~343.20X
RII = 26.00L Forms = 9.56X Applic. wise (Avg allotment of ~1.05 shares per lot)

Interest cost *@8.00%p.a.* for 7days = 230.14paise for 1X

Thus, for NII the costing = 343.20 X 230.14paise = Rs.789.83 per share (= GMP)

And, for RII the costing = 789.83 X 1.05 = Rs.826/- (= Kostak)


Indigo Paints IPO – *GMP Estimated*
GMP 845 +/- 2
Kostak 885 +/- 10

Indigo RHP
https://www1.nseindia.com/content/equities/IPO_RHP_INDIGO.pdf

Issue open from 20Jan to 22 Jan

Finally 1st IPO of this new year, dates are confirmed.

And this might be blockbuster start of this year 2021...
Must apply...

Date is released for this ipo
20 Jan -22 jan