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 Promoters:

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

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/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 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 Opening DateJan 20, 2021
IPO Closing DateJan 22, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹1488 to ₹1490 per equity share
Market Lot10 Shares
Min Order Quantity10 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹1,176.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹300.00 Cr)
Offer for Sale5,840,000 Eq Shares of ₹10
(aggregating up to ₹[.] 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 may list on Feb 2, 2021.

IPO Open DateJan 20, 2021
IPO Close DateJan 22, 2021
Basis of Allotment DateJan 28, 2021
Initiation of RefundsJan 29, 2021
Credit of Shares to Demat AccountFeb 1, 2021
IPO Listing DateFeb 2, 2021

Indigo Paints IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)
Minimum110₹14,900
Maximum13130₹193,700

Indigo Paints IPO Promoter Holding

Pre Issue Share Holding60.05%
Post Issue Share Holding54%

Indigo Paints IPO Prospectus

Indigo Paints IPO Rating

1329
4.1
Rating:Rated 4.1 stars

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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 FAQs

  1. What is Indigo Paints IPO?

    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 equity 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.

  2. How to apply in Indigo Paints IPO through Zerodha?

    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.

  3. When Indigo Paints IPO will open?

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

  4. What is the lot size of Indigo Paints IPO?

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

  5. How to apply for Indigo Paints IPO?

    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.

  6. When Indigo Paints IPO allotment?

    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.

  7. When is Indigo Paints IPO listing date?

    The Indigo Paints IPO listing date is not yet announced. The tentative date of Indigo Paints IPO listing is Feb 2, 2021.

Indigo Paints IPO Message Board

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