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IPO Status: Listed [20th Jan 2021 to 22nd Jan 2021]
| IPO Issue Opening Date: | 20th Jan 2021 |
| IPO Issue Closing Date: | 22nd Jan 2021 |
| IPO Issue Price: | ₹1488-1490 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 50.63 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹ 1176 Crore |
| Offer for Sale: | 58,40,000 shares of Rs. ₹10 each [Aggregating upto Rs. ₹_ Cr.] |
| Fresh Issue: | ₹ 300 Crore |
| Face Value: | ₹10 Per Equity Share |
| Promoter Holding Pre IPO: | 60.05% |
| Promoter Holding Post IPO: | 54% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543258 |
| NSE Code: | INDIGOPNTS |
Get important updates regarding Indigo Paints IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 28th Jan 2021 |
| Refunds Initiation* | 29th Jan 2021 |
| Credit of Shares to Demat* | 1st Feb 2021 |
| IPO Listing Date* | 2nd Feb 2021 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹1488-1490 |
| Market Lot: | 10 Shares |
| 1 Lot Amount: | ₹14900 |
| Min Small HNI Lots(2-10 Lakh): | 140 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-01-2021 | 1490 | 750 | -- | ₹2240 (50.34%) | 30-Jan-2021 10:13 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
India's largest decorative Paint company - Indigo Paints IPO opens on 20th January 2021 and will be close for subscription on 22 January. It is a book-built IPO issued that will be issue at a price band of Rs. 1480 - Rs. 1490. The face value per share is Rs.10 and the IPO floor price (minimum price) is 148 times and cap price (maximum price) is 149 times of the face value. Check out more on Indigo Paints Limited IPO including business overview, financials, IPO issue size, IPO open and close dates, DRHP prospectus, RHP, allotment, live subscription, and more.
Incorporated Year: 2000
Sector: Paints
Website: http://www.indigopaints.com/
IPO Issue Size: 1000 Crore
Indigo Paints is the India’s fastest growing paint company. In 2000, it started manufacturing lower-end cement paints and gradually expanded its product portfolio to Interior and Exterior Emulsions, Wood coatings, Distempers, Putties, Primers, and many more. Over the years, the company has established a strong brand image through introducing differentiated products including Dirtproof and Waterproof Exterior Laminate, Metallic Emulsions, Tile Coat Emulsions, Floor Coat Emulsions, PU Super Gloss Enamel, and others.
Company has a strong footprint all over the country and distributes its products in Tier 1, Tier 2, Tier 3, Tier 4 cities, Rural areas and Metros as well. It further has 3 manufacturing plant in Jodhpur, Kochi, and Pudukkottai. It intends to expand its Pudukkottai manufacturing facility in Tamil Nadu to manufacture water-based paints.
| Incorporation | Sector | IPO Issue Size | Website |
| NULL | NULL | ₹ 1176 Crore | http://www.indigopaints.com/ |
The Indigo Paints IPO aims to raise funds for the following purposes.
| Category | No. of Shares | Upper end ₹ in Cr | % |
|---|---|---|---|
| QIB | 3,893,064 - 3,891,710 | 580 | 50% |
| NIB | 1,167,919 - 1,167,514 | 174 | 15% |
| Retail | 2,725,145 - 2,724,198 | 406 | 35% |
| Employee | 70,000 | 9 | |
| Total | 7,856,128 - 7,853,422 | 1169 | 100% |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 1,556,690 (28.21%) | 1,167,514 (21.16%) | 2,724,198 (49.37%) | 70,000 | 5,518,402 | |
| 1 | 20th Jan 2021 05:02 | 0.10x | 1.10x | 3.29x | 0.73x | 1.90x |
| 2 | 21st Jan 2021 05:02 | 3.86x | 5.38x | 10.38x | 1.81x | 7.38x |
| 3 | 22nd Jan 2021 05:02 | 189.57x | 263.05x | 15.93x | 2.50x | 117.02x |
| Indigo Paints IPO Financials | 30-Sep-2020 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 |
|---|---|---|---|---|
| Total Assets | ₹411.29 Cr | ₹421.96 Cr | ₹373.18 Cr | ₹297.39 Cr |
| Total Income | ₹260.24 Cr | ₹626.44 Cr | ₹537.26 Cr | ₹403.10 Cr |
| Net Profit/Loss | ₹27.21 Cr | ₹47.82 Cr | ₹26.87 Cr | ₹12.86 Cr |
Last Updated on 10-Feb-2021 23:02:48
