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Indigo Paints Limited IPO (Indigo Paints IPO) Detail

Jan 20, 2021 - Jan 22, 2021

Indigo Paints is one of the fastest-growing paint companies in India and in terms of revenue, it is the 5th largest company in the decorative paint industry. The company is engaged in manufacturing different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints.

It is the first company that started manufacturing certain differentiated products 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 sales from these differentiated products are continuously growing as it was 26.68% in 2018 increased to 28.62% in fiscal 2020.

Indigo Paints has a strong market network with dealers in Tier 1, Tier 2, and Metros as well. It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). It is further looking to expand its manufacturing capacities at Pudukkottai to manufacture water-based paints.

Company Strengths

  • Large product portfolio with differentiated products.
  • Well-proven, and consistent growth track record.
  • Strong brand equity.
  • Extensive network distribution.
  • Strategically located manufacturing facilities.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (β‚Ή 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 will be used against following objectives.

  • To meet the capital expenditure requirements for manufacturing facility expansion at Pudukkottai, Tamil Nadu
  • To purchase tinting machines and gyroshakers.
  • To repay all or certain borrowings.
  • To meet general corporate purposes.

Indigo Paints IPO Details

IPO Date Jan 20, 2021 to Jan 22, 2021
Listing Date Tuesday, February 2, 2021
Face Value ₹10 per share
Price ₹1488 to ₹1490 per share
Lot Size 10 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹1,176.00 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹300.00 Cr)
Offer for Sale5,840,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan and Halogen Chemicals Private Limited are the promoters of the company.

Indigo Paints IPO Tentative Timetable

Indigo Paints IPO opens on Jan 20, 2021, and closes on Jan 22, 2021. The Indigo Paints IPO bid date is from Jan 20, 2021 10.00 A.M. to Jan 22, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 20, 2021
Closing Date Jan 22, 2021
Basis of Allotment Jan 28, 2021
Initiation of Refunds Jan 29, 2021
Credit of Shares to Demat Feb 1, 2021
Listing Date Feb 2, 2021

Indigo Paints IPO Lot Size

The Indigo Paints IPO lot size is 10 shares. A retail-individual investor can apply for up to 13 lots (130 shares or ₹193,700).

Application Lots Shares Amount
Retail (Min) 1 10 ₹14,900
Retail (Max) 13 130 ₹193,700

Indigo Paints IPO Promoter Holding

Pre Issue Share Holding 60.05%
Post Issue Share Holding 54%

Indigo Paints IPO Review

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...


Indigo Paints IPO Subscription Status (Bidding Detail)

The Indigo Paints IPO is subscribed 117.02 times on Jan 22, 2021 5:00:00 AM. The public issue subscribed 15.93 times in the retail category, 189.57 times in the QIB category, and 263.05 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 3021267 times

CategorySubscription (times)
QIB189.57
NII263.05
Retail15.93
Employee2.50
Total117.02

Indigo Paints IPO Prospectus

Indigo Paints IPO Rating

2551
4.2
Rating:Rated 4.2 stars
Vote Here ...

Indigo Paints IPO Listing Date

Listing Date Tuesday, February 2, 2021
BSE Script Code 543258
NSE Symbol INDIGOPNTS
Listing In B Group of Securities
ISIN INE09VQ01012
IPO Price ₹1490 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,490.00
₹2,607.50
₹2,428.20
₹3,129.00
₹3,118.65
NSE
₹1,490.00
₹2,607.50
₹2,436.05
₹3,129.00
₹3,117.15

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

Phone: +91-22-4918 6270
Email: indigopaints.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Indigo Paints IPO FAQs

Indigo Paints IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,176.00 Crores. The issue is priced at ₹1488 to ₹1490 per share. The minimum order quantity 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.

Zerodha customers can apply online in Indigo Paints IPO using UPI as a payment gateway. Zerodha customers can apply in Indigo Paints IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Indigo Paints IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Indigo Paints IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Indigo Paints IPO opens on Jan 20, 2021 and closes on Jan 22, 2021.

Indigo Paints IPO lot size is 10 Shares and the minimum order quantity is .

You can apply in Indigo Paints IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Indigo Paints IPO will be done on Jan 28, 2021, and the allotted shares will be credited to your demat account by Feb 1, 2021. Check the Indigo Paints IPO allotment status.

The Indigo Paints IPO listing date is on Tuesday, February 2, 2021.
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Indigo Paints IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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2491 Comments

1055. arunARUN |   Link |Feb 28, 2021 5:33:22 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
While many of the companies which have launched their IPO post 31st dec 2020 have declared their result pertaining to quarter ending 31st Dec 2020. Indigo Paints seems to shy away.
Are results super bad for festival season dominated Oct-Dec 2020?
1054. Drakeviv |   Link |Feb 20, 2021 12:33:29 PM
I received indigo paints allotment but no money has been deducted from my bank account,and my upi mandate is showing expired. What to do now.
1053. Rahul Sardana |   Link |Feb 14, 2021 5:18:24 PM
I have applied 55 Lots but did not allotted any share, ideally for HNIs its proportionate allotment in case of oversubscription. Please can some one advise what is wrong here.
1053.1. Paymzia |   Link |Feb 17, 2021 7:56:10 AM
IPO Guru IPO Guru (1300+ Posts, 3700+ Likes)
You have apply how many times nii subscribe that time you apply then only we can expect one lot .

For this indigo 263 times
If you did. 263 lots you may get one lot .

So in future. Better to apply with your family members accounts too in retail category chances are more
1052. Satish ludhiyani |   Link |Feb 9, 2021 11:10:21 PM
My ipo shares not allotment but my money is not refund user id: L19313 Name: satish ludhiyani how to get my money refund plzz do refund
1052.1. Rohitbothra |   Link |Feb 14, 2021 3:24:55 PM
I get refund my money of indigo paint. Follow up from bank
1051. SHANI |   Link |Feb 8, 2021 11:35:37 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Indigo paints
Available on bse..
      Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 | 02/03/21 18:38      
      The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for White Oak Capital Management Consultants LLP      
1051.1. Have Faith |   Link |Feb 8, 2021 1:10:39 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Not available ...what it is ?
1051.2. SHANI |   Link |Feb 9, 2021 9:43:54 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
it is available on bse , open indigo paints page , click on corp announcement , see 2nd attachment , -Insider Trading / SAST .
1050. ColdBurger |   Link |Feb 8, 2021 7:35:33 PM
IPO Guru IPO Guru (1000+ Posts, 300+ Likes)
Experts, Bhel ke disinvestment ka news hai. Kya Bhel mein paisa laga sakte fayade ke liye?
1049. ColdBurger |   Link |Feb 8, 2021 7:35:12 PM
IPO Guru IPO Guru (1000+ Posts, 300+ Likes)
Experts, Bhel ke disinvestment ka news hai. Kya Bhel mein paisa laga sakte fayade ke liye?
1048. ANANDA PRAJAPATI |   Link |Feb 4, 2021 8:49:26 PM
Mene indigo ipo apply kia tha through upi. But it rejected. Aur mera paisa 14900 avi tak blocked h. Bank wale ne kaha ki company se baat kijie. Toh me yeh complain kese karu, kisse karu
1047. Shaik Farid |   Link |Feb 5, 2021 7:23:40 PM
i dont get my refund back for this ipo can anyone help me
1047.2. Nishad |   Link |Feb 8, 2021 10:14:16 AM
My money is also blocked. Not refunded yet.. please let me know what steps you took to get a refund.
1047.3. Rohitbothra |   Link |Feb 14, 2021 3:25:58 PM
I get my money refund.
1046. P Patel |   Link |Feb 7, 2021 11:31:44 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
BTW, Asian paints has corrected Rs.500 from its high.
1045. Chem cho |   Link |Feb 5, 2021 10:08:55 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
IF it breaks Rs 460 likely to break Rs 460
then Rs 450
1044. Roxpatel |   Link |Feb 3, 2021 9:51:54 AM
IPO Mentor IPO Mentor (500+ Posts, 600+ Likes)
Time to short, target 2500
1044.1. Roxpatel |   Link |Feb 5, 2021 9:45:52 AM
IPO Mentor IPO Mentor (500+ Posts, 600+ Likes)
Good going, sl adjusted to 2800
1043. My Multibaggers |   Link |Feb 5, 2021 12:38:03 AM
Hemant Jalan Interview on listing day:

https://economictimes.indiatimes.com/markets/stocks/news/hemant-jalan-on-bumper-listing-of-indigo-paints/videoshow/80648371.cms
1042. NRI Investor |   Link |Feb 2, 2021 6:51:36 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Bought 200 at 2570 and 1 ipo allotment 10 shares.

All shares sold at upper circuit.

Total profit around 115000 today.

Fully exited. Satisfied now. Now full concentration on Home First Finance. Allotted 3 lots. Lets hope for bumper listing tomorrow.

All the best to all.
1042.4. mailashish |   Link |Feb 4, 2021 2:45:13 PM
Indiogo Painst listed on 2nd Feb 2021.
U bought the shares (200Qty) @2570 and sold them on the same day.
Did u do intraday or u placed the order as delivery type?

If u placed the order as delivery type then whether its is allowed to first buy and sell them on the same day?

WIll appreciate ur reply.
1042.5. Deepakkumar |   Link |Feb 4, 2021 5:05:42 PM
Top Contributor Top Contributor (200+ Posts)
I would also have made few buck but zerodha did not allow me to trade intraday in this stock on listing day.
I have traded few other IPO on listing day, just to gain experience.
1041. Gnsarda |   Link |Feb 4, 2021 2:41:14 PM
Asian paints Rs 1 Paid up while Indigo Rs 10 Paid
1040. Sajid Kochaliya |   Link |Feb 3, 2021 11:03:09 AM
3234/- 10 buy please replay today high target?
1040.3. ColdBurger |   Link |Feb 4, 2021 1:59:41 AM
IPO Guru IPO Guru (1000+ Posts, 300+ Likes)
Kyu kari meri wali galti, 219 par burger πŸ” kharida tha maine, 145 par unload kiya 250 qty. You are still in less loss so exit. Atleast you have chance to exit tomorrow, I waited a lot and lost.
1040.4. ColdBurger |   Link |Feb 4, 2021 2:02:20 AM
IPO Guru IPO Guru (1000+ Posts, 300+ Likes)
I have still kept 5 qty out of 255 just to remind myself of foolishness I committed. Greed is bad thing. Buy fear sell greedπŸ™πŸ˜πŸ˜πŸ˜
1039. Hirendrasinh rana |   Link |Feb 3, 2021 6:43:55 PM
ARJUNBHAI RAJKOT INDIGO EXIT PRISE,?
1038. Arjun Rajkot |   Link |Feb 2, 2021 9:27:32 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Indigo Paints
Tomorrow
UC@ 3,740/-

ENJOY Free πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ Money
1038.1. ColdBurger |   Link |Feb 3, 2021 12:26:27 AM
IPO Guru IPO Guru (1000+ Posts, 300+ Likes)
I guess it will open at UC so no chance to buy. Acha hi hai burger wali galti nahi karunga, 20k dooba mera.
1038.2. Hirendrasinh rana |   Link |Feb 3, 2021 6:40:42 PM
ARJUNBHAI RAJKOT INDIGO EXIT PRISE,?
1037. Sajad |   Link |Feb 2, 2021 9:01:37 AM
1-2 din tak hold krna chaiye indigo paint ko ?? Burger king ki tarah upar ja sakta he ya aaj hi exit kr de. Please advice
1037.2. AMIT KS |   Link |Feb 3, 2021 9:23:02 AM
MY FIRST TARGET ACHIVED .TRAIL UR SL 2850 FOR 3400
1037.3. AMIT KS |   Link |Feb 3, 2021 11:19:33 AM
SL 2850 HIT.
1036. PRIMARY MARKET LEARNER |   Link |Feb 2, 2021 11:21:44 PM
Nobody in This Forum Can Say at What P/E any Company should Trade . All Expects Higher From allotted Shares but Question is Do they Get What They Expect ? Answer Is No. I sold At UC but Now I am Also Thinking " What if It will Hit another Upper Circuit ?" I don''t know What will be The P/E then But all I can Say when Bubble blasts it always Traps Retail Investors. So be Wise and Always Be on Safe Side ☺️
1036.1. PRIMARY MARKET LEARNER |   Link |Feb 3, 2021 11:09:21 AM
Example of Bad Practices by Zee Business when You are Recommending a Stock To Buy at A Very Much Higher Levels. ( Indigo Paints Given With Some Targets To Buy on Zee Business Today Morning ) Obviously All are Retailers who watches Business channels. Now Who will Get Traped ?