IPO Status: Upcoming [20th Jan 2021 to 22nd Jan 2021]
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
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 like 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.
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%|
|Total||7,856,128 – 7,853,422||1169||100%|
Indigo Paints IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Indigo Paints Issue Details||Values|
|IPO Issue Type:||Book Built Issue IPO|
|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|
|IPO Issue Price:||₹1480-1490|
|Market Lot||TBD Shares:|
|Min Retail Qty:||TBD|
|Max Retail Qty:|
|Promoter Holding Pre IPO:||60.05%|
|Promoter Holding Post IPO:||54%|
|IPO Listing At:||BSE,NSE|
Past performance and financial results of Indigo Paints.
|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|
In this section we have covered all important dates related to Indigo Paints IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open Date||20th Jan 2021|
|IPO Issue Close Date||22nd Jan 2021|
|Basis of Allotment Finalisation Date*||28th Jan 2021|
|Refunds Initiation*||29th Jan 2021|
|Credit of Shares to Demat Account*||1st Feb 2021|
|IPO Listing Date*||2nd Feb 2021|
* - Tentative Dates
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Indigo Paints IPO DRHP >>Document
Indigo Paints IPO RHP >>Document
Indigo Paints IPO Allotment Status >>Indigo Paints IPO Allotment is not declared yet, we will provide the link for status once allotment is out.
E-mail: [email protected]
Last Updated on 2021-01-16T07:38:50+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Indigo Paints IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Indigo Paints IPO with Zerodha.
Alternate approch to apply in Indigo Paints IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in Indigo Paints IPO, you can use the following methods:
|Indigo Paints IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in Indigo Paints IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in Indigo Paints IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in Indigo Paints IPO. Most of the Syndicate Banks provide access to apply in Indigo Paints IPO via ASBA process. You must have your net banking access, DP ID information to apply in Indigo Paints IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in Indigo Paints IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Indigo Paints IPO Application is not yet available.
Indigo Paints IPO is going to be list on 02-02-2021.
Other relevant questions:When Indigo Paints IPO will be listing? Indigo Paints IPO listing date?Indigo Paints IPO date of listing
Indigo Paints IPO Allotment Date is 28-01-2021.
Other relevant questions:Indigo Paints IPO share allotment date?Indigo Paints IPO allotment date?