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 Subscription Status (Bidding Detail)

The Indigo Paints IPO is subscribed 117.02x times on Jan 22, 2021 05:00. The public issue subscribed 15.93x in the retail category, 189.57x in the QIB category, and 263.05x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

189.57x

NII

263.05x

RII

15.93x

Employee

2.50x

Total

117.02x

Note: Indigo Paints IPO application wise subscription: 3,021,267 times

Indigo Paints IPO Prospectus

Indigo Paints IPO Rating

2551
4.2
Rating:Rated 4.2 stars

Vote Here ...

Indigo Paints IPO Listing Date

Listing DateTuesday, February 2, 2021
BSE Script Code543258
NSE SymbolINDIGOPNTS
Listing InB Group of Securities
ISININE09VQ01012
IPO Price₹1490 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹1,490.00
₹2,607.50
₹2,428.20
₹3,129.00
₹3,118.65
2,810,492,649
NSE
₹1,490.00
₹2,607.50
₹2,436.05
₹3,129.00
₹3,117.15
12,652,036

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 on Tuesday, February 2, 2021.

Indigo Paints IPO Message Board

Ranked Members  Ranked Members

Loading...
780. arunARUN |Feb 28, 2021 16:33
Top Contributor Top Contributor (400+ Posts, 300+ 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?
779. Drakeviv |Feb 20, 2021 11:33
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.
778. Rahul Sardana |Feb 14, 2021 16:18
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.
777. Shaik Farid |Feb 5, 2021 18:23
i dont get my refund back for this ipo can anyone help me
776. Satish ludhiyani |Feb 9, 2021 22:10
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
775. ANANDA PRAJAPATI |Feb 4, 2021 19:49
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
774. P Patel |Feb 7, 2021 10:31
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
BTW, Asian paints has corrected Rs.500 from its high.
773. Chem cho |Feb 5, 2021 09:08
IPO Guru IPO Guru (2100+ Posts, 2200+ Likes)
IF it breaks Rs 460 likely to break Rs 460
then Rs 450
772. Roxpatel |Feb 3, 2021 08:51
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Time to short, target 2500
771. My Multibaggers |Feb 4, 2021 23:38
Hemant Jalan Interview on listing day:

https://economictimes.indiatimes.com/markets/stocks/news/hemant-jalan-on-bumper-listing-of-indigo-paints/videoshow/80648371.cms
770. NRI Investor |Feb 2, 2021 17:51
Top Contributor Top Contributor (200+ Posts, 200+ 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.
770.1. common man |Feb 2, 2021 20:36
thanks, where do you monitor preopen order book ? It will be great if you post your analysis in the forum at 9.40 on listing day.
769. Gnsarda |Feb 4, 2021 13:41
Asian paints Rs 1 Paid up while Indigo Rs 10 Paid
768. Sajid Kochaliya |Feb 3, 2021 10:03
3234/- 10 buy please replay today high target?
768.1. Paymzia |Feb 3, 2021 10:33
IPO Guru IPO Guru (1200+ Posts, 3100+ Likes)
1st allotted

Second no allotment

767. Hirendrasinh rana |Feb 3, 2021 17:43
ARJUNBHAI RAJKOT INDIGO EXIT PRISE,?
766. Arjun Rajkot |Feb 2, 2021 20:27
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Indigo Paints
Tomorrow
UC@ 3,740/-

ENJOY Free 💸💸💸💸💸💸 Money
765. PRIMARY MARKET LEARNER |Feb 2, 2021 22:21
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 ☺️
764. IPO allotment |Feb 3, 2021 09:26
Sold 5 share @ 3220, another 5 share hold for long term, my invested capital saved
763. P Patel |Feb 2, 2021 21:07
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Category -------------------- Shares Offered
-------------------------------------------------------
QIB -------------------- 1,556,690
NII -------------------- 1,167,514
Retail -------------------- 2,724,198
Employee ------------------- 70,000
============================
Total ------------------- 5,518,402


Delivery Position (02-FEB-2021 EOD)

NSE : 5,456,304
BSE : 465,803
=============
Total: 5,922,107

So almost all Shares offered in IPO has changed hands....

BIG QUESTION ..... WHAT NOW .??????????
762. NRI Investor |Feb 2, 2021 23:14
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Motilal Oswal''s research report on Indigo

INDIGO reported in-line ASK (15.3b), PLF (72%), and RPK (11b), while yield came in lower than est. at INR3.7, resulting in lower-than-expected revenue. n The factors highlighted in our report (12th Dec''20) are at play – an increase in crude oil prices, along with decline in yield, and the slowing of domestic passenger growth going forward (compared with over the last seven months) would impact companies'' profitability. n Passenger demand and yield were stronger over Oct–Nov''20, but crashed in Dec''20 on reports of new COVID cases. Additional deployments of aircraft by competitors have also led to pressure on yields. n As per daily passenger data published by MoCA, domestic passenger demand has barely improved MoM in Jan''21 at ~59% of last year''s levels (v/s ~57% in Dec''20). Also, airfares have further declined ~14% MoM in Jan''21 (Dec''20 saw a drop of ~21% in airfares since peaking in Oct''20). n Even INDIGO has highlighted concerns over yield. However, the company expects to maintain better yield with plans such as a) retiring older CEO aircrafts and replacing these with NEO aircrafts – which are 10–15% more fuel-efficient and b) adding more domestic routes (added 7 new routes) – improving regional connectivity, aiding yield on non-metro routes. We build yield of ~INR3.9 for FY22–23E (~5% premium to the last five-year average). n We continue to believe in the various pre-emptive measures undertaken by INDIGO to come out stronger from the current crisis. Also, the company has decided not to raise funds through the approved QIP (current total cash of INR183.7b, with free cash at INR74.5b). In-line ASK and RPK; yield lower than esti

Outlook


We value the company at 16x (~33% premium to global peers) FY23E EPS to arrive at Target Price of INR1,525 – no significant upside to CMP. Maintain Neutral.
762.1. lekker |Feb 3, 2021 08:13
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
this is listing upper price limit, wait for actual listing price at 9:45am
761. parmod gupta |Feb 2, 2021 13:08
दोस्तो किसी को भी अफसोस नही करना चाहिए कि कम में बेच दिया या ज्यादा में
क्योंकि मार्किट का हाई किसी को भी नही पता
जिसने जिस रेट में बेचा है उसे उतने में खुश रहना चाहिए
रेट एक रेल गाड़ी की तरह होता है आगे चलती रहती है जिसका जहां जाना होता है वह वही उतर जाता है

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