January 20, 2021 - January 22, 2021

Indigo Paints IPO Review & Recommendations

Anand Rathi, Angel One, Capital Market, Choice Equity Broking Pvt Ltd, Elara Capital Ltd, Hem Securities, Reliance Securities, Spark Capital, InvestorGain.com and Ventura Securities Limited have given "Apply" recommendation to Indigo Paints IPO. Dilip Davda, Investmentz Ltd and JM Financial Institutional Securities have given "May Apply" recommendation to Indigo Paints IPO. Axis Capital, ICICI Direct, IIFL Wealth, Kotak Securities, Nirmal Bang, Religare Broking Limited, Sharekhan Limited and Sushil Finance Ltd have "Not Rated" the IPO.

Indigo Paints IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	10	3	0	0	8
%	47.62	14.29	0.00	0.00	38.10

Indigo Paints IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
Angel One	Apply
Axis Capital	Not Rated
Capital Market	Apply
Choice Equity Broking Pvt Ltd	Apply
Dilip Davda	May Apply
Elara Capital Ltd	Apply
Hem Securities	Apply
ICICI Direct	Not Rated
IIFL Wealth	Not Rated
Investmentz Ltd	May Apply
JM Financial Institutional Securities	May Apply
Kotak Securities	Not Rated
Nirmal Bang	Not Rated
Reliance Securities	Apply
Religare Broking Limited	Not Rated
Sharekhan Limited	Not Rated
Spark Capital	Apply
Sushil Finance Ltd	Not Rated
InvestorGain.com	Apply
Ventura Securities Limited	Apply

Indigo Paints IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Indigo Paints IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	45	May subscribe

Indigo Paints IPO Review by Dilip Davda (May apply)

[Dilip Davda] On prima facie issue is priced aggressively compared to its listed peers. With the planned expansion, lowering debt and other cost control measures, the company is confident of maintaining the growth levels which is mirroring in the pricing of the IPO. Considering these and the growth prospects in light of affordable housing push to meet AVAS for all by 2022 target of the Government, investors may consider an investment with a long term perspective. Read detail review...

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