Indigo Paints Limited IPO Message Board (Page 52)

@paymzia
Thanks sir

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Indigo Paints IPO – Schedule *(Tentative)*

15th Jan – Announcement of Price Band
19th Jan – Anchor Investors Allotment
20th Jan – Offer Opens
22nd Jan – Offer Closes
27th Jan – Finalisation of Basis of Allotment
28th Jan – Unblocking of ASBA Accounts
29th Jan – Credit of Equity Shares to Depository Accounts
01st 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 = 2,90,22,175 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 = 3,10,22,175 Shares

Category-wise Break up:
Anchor – 23,51,000 Shares = 352.65Crs
QIB – 15,67,333 Shares = 235.10Crs
NII – 11,75,500 Shares = 176.33Crs
RII – 27,42,834 Shares = 411.43Crs (Lot size: 10 = 2,74,283 Forms)
Empl. Quota – 3,333 Shares = 00.50Crs
Total Issue – 78,40,000 Shares = 1,176.00Crs.

Subscription required for 1X
RII = 2,74,283 Forms
NII = 176.33Crs


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)

EPS for FY17-18 >>> Rs.02.88 (Page #119 of DRHP)
EPS for FY18-19 >>> Rs.05.98 (Page #119 of DRHP)
EPS for FY19-20 >>> Rs.10.61 (Page #119 of DRHP)
EPS for H120-21 >>> Rs.06.03 (Page #119 of DRHP)

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

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

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

I think listing date should be 2-Feb, as T+6 falls on 2-Feb (being 26th Jan holiday). But yes sometimes if process ends early, share can be listed on T+5. Eg. Bectors Food.

Bank of Baroda se Kitne application laga sakte h please replay

Ab ek application hi laga sakte h

Gmp of indigo paint is 855 to 865 rs
Application rate is 775 to 800 rs
Apply apply apply .

I think this is one the best IPOs of the year. Don''t worry on historical PE and get bogged down. GMP of 870 already and not too many sellers even at these levels. This is a doubler on listing and then may be higher too. Grey should cross 950 soon

Ladt 3 years growth rate of indigo in terms of revenue and net profit is much higher than its peers. PE ratio of paint industry is almost around 100. Market has already priced in FY22 earnings. Considering FY23 earnings with similar growth rate, this price looks less costly than its peers.

First time seeing an IPO is factoring in 2 year forward EPS and PE in calculation. Never saw an IPO price band at around 200 PE. Too much GMP euphoria in this counter. Wait for Anchor list and HNI subscription till last day 1 PM. Not in a hurry to put bid on very first day.

@ganesh jaiswal - Painting industry PE is much higher. Eg. Asian paints is 120, burger paint is 130, kansai nerolac is 85 with much lower growth rates. Where as here for Indigo paints growth is much higher, almost higher then 80%. With such higher growth rate both in revenue and net profit, it deserves this premium. Market always pay higher for higher growth rate. One of the example of such higher growth rate is Dixon Technology and see the price.

Bank of Baroda se asba ke tharow Kitne application laga sakte hai please replay

Five

Query is out of topic !!!

I have a query just for my understanding regarding buyback

If I have 535 shares in Indian Toner before record date and ER is 20%(107 shares)

If AR is 50%(266 shares)

Then will total no of shares be taken back by company thru buyback will be 266 shares and balance shares returned to my account.

Correct me if I am wrong.

Thank you🙏🏾

Yes. Right

By process you are correct. If AR is 50% then 267 or 268 shares(as 50%of 535 is 267.5) will be taken back by the company and rest returned in your demat account.

MUST MUST MUST APPLY BLINDLY

HNI & RETAIL
IN ALL CATEGORIES
MUST APPLY

BIG BIG LOTTERY

KEEP 100% OPEN

DO NOT SELL IN GREY

Eagleye Madam, your postings boost up the confidence of the forum members. We expect with lots of hope that you will kindly help us by suggesting whether we can bid for a particular IPO or not. Please continue to be kind in this regard. Thank you very much for your marvellous postings.

Fully agree with Eagleeye mam

Monday Targets

Indigo Paints IPO – *GMP >1,000*

Indian Railway Finance Corporation IPO – *GMP <1/-*

Indigo Paints IPO – *Delivery Estimated*


*On listing day*
Pre-opening @9:45am 11,65,000

By EOD @03:30pm 46,50,000

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

NII = 60.00K Crs. = ~340.28X
RII = 26.00L Forms = 9.48X 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 = 340.28 X 230.14paise = Rs.783.11 per share (= GMP)

And, for RII the costing = 783.11 X 1.05 = Rs.826/- (= Kostak)


Indigo Paints IPO – *GMP Estimated*
GMP 850 +/- 5
Kostak 900 +/- 10

Indigo - 900

Indigo letas gmp sir

Hello Moderators!
What''s going on here? Except Indigo Paints IPO, all other things are being discussed here!
This will affect the visitors who land on this page in search of IPO related news thereby your site reputation.
Please look into this issue!

Aniket IAF Sir and Other Experts, what should be price one should mention while putting the BID for WENDT OFS today in Retail. Please advise.

OK, Sir. Non retail investors are benefited. Let them enjoy the fruits. Once again thank you very much for your prompt response.

Ganesh ji,
Many Thanks for detailed information. Say if you are bidding above 2 Lakhs, so can we apply from Non Retail ? If not then how to apply in Non Retail. Kindly enlighten.

Kostak 800*
GMP 750 +/- 10*

any one got WENDT fpo. what is the price fixed? Bse website it is mentioned 3572 as clearing price for retail portion. but LTP if 3556. how does it work any one explain.Thanks in advance...

Dear Thiru, Wendth OFS is having 5% Discount so, allotment would be 2900 and more on it. in resent condition we consider 2900 will be allotment price and you have to consider 5% Discount in this price so Last Trading price arount 3520-2750 = 700 gain per share if you got allotment. Also cut off may be his as last moment price hike...

I had 20 TCS equity shares which I surrendered for buy back at Rs. 3000/- each. My broker M/s. Ventura Securities Ltd., Mumbai has charged Rs. 30/- per share towards brokerages i.e. 600/- + Taxes & others charges are Rs. 202.75. Total deducted is Rs. 802.25 out of Rs. 3000/-. I feel the brokerage/charges are exorbitant & unjustifiable. Does the SEBI permits these charges or is it arbitrarily charged by the broker ? What is the experience of other friends who have tendered TCS for buy back ? What are the charges levied by your broker per share please ?

normal Brokerages and taxes are applicable same as secondary market sale.

I tendered from discount broker and they charged only DP Charges around 15-16rs plus taxes nothing else

There are 2-3 good discount brokers for buying shares in delivery based or for buyback 👍

IPO Schedule 18-01-2021 to 20-01-2021
Price 1360
Shares 11
Amount 14960
IPO Size 1100 Crore
Retail 35%

Thank you !!!

Fixed price IPO ? No price band like other IPO. Atleast a good strategy by lead managers, no need to tick cutoff.
Anyway a good company, with steep valuation.