Indigo Paints Limited IPO Review

IPO Status: Upcoming [20th Jan 2021 to 22nd Jan 2021]

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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

About the Company - Indigo Paints Limited

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.

Indigo Paints IPO Objective

The Indigo Paints IPO aims to raise funds for the following purposes.

  • To raise capital to expand existing manufacuring facility at Pudukkottai in Tamil Nadu by setting an additional unit.
  • To buy tinting machines and gyroshakers.
  • To make repayment/prepayment of company's borrowings.
  • To meet general business purposes.

Indigo Paints IPO Issue break-up

Issue break-up
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%

Indigo Paints IPO Details

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 IPO Details
Indigo Paints Issue Details Values
IPO Category: Mainline
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

Indigo Paints Financials for past 3 Years

Past performance and financial results of Indigo Paints.

Indigo Paints financial
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

Indigo Paints IPO Strengths

  • Among the India's top five fastest-growing paint companies.
  • Differentiated product portfolio with strong brand image.
  • Strong dealer network distribution.
  • Well-qualified and professional management team.
  • 3 own manufacturing facilities in Kerala, Rajasthan, and Tamil Nadu.

Indigo Paints IPO Threats/Weaknesses

  • Continuing impact of the ongoing COVID-19 pandemic on business operations.
  • High level of competition from top players like Berger Paints, Asian Paints, Pidlite, etc.
  • Unexpected delay and cost overrun of proposed manufacturing capacity expansion plan.

Indigo Paints IPO Important Dates

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.

Indigo Paints IPO important dates
IPO Activity Date
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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  NRI Form ⇒

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.

Company Address

Indigo Paints Limited
Indigo Tower, Street-5,
Pallod Farm-2, Baner Road, Pune - 411045
Maharashtra, India
Website: http://www.indigopaints.com/
Email: [email protected]
Phone: +91 20 6681 4300

Registrar

Link Intime India Private Limited
C-101, 247 Park, L B S Marg,
Vikhroli (West), Mumbai 400 083 Maharashtra, India

Website: http://www.linkintime.co.in/

E-mail: [email protected]

Lead Manager

  1. Kotak Mahindra Capital Company Limited
  2. Edelweiss Financial Services Limited
  3. ICICI Securities Limited
Indigo Paints IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Indigo Paints? Should I apply in Indigo Paints IPO?

Last Updated on 2021-01-16T07:38:50+00:00

Indigo Paints IPO FAQs

  1. 1. How to subscribe Indigo Paints IPO with Zerodha?

    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.

    Indigo Paints IPO Review and Important Updates

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  2. 2. How to apply in Indigo Paints IPO online?

    Apply in Indigo Paints IPO online

    To subscribe or apply in Indigo Paints IPO, you can use the following methods:

    Indigo Paints IPO Applying ModeMethodDetails
    Online Application3-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 Application2-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.

    Online ApplicationASBA

    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 ApplicationPhysical 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.

    Indigo Paints IPO Review and Important Updates

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  3. 4. What is the listing date of Indigo Paints IPO?

    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

     

  4. 5. When Indigo Paints IPO will be allocated?

    Indigo Paints IPO Allotment Date is 28-01-2021.

    Other relevant questions:

    Indigo Paints IPO share allotment date?Indigo Paints IPO allotment date?

     

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User Comments

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5. Pankaj Kumar Gupta  1/7/2021 2:22:46 AM Reply
Indigo Paints IPO expected listing gain.
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4. Sachin kumar  1/7/2021 2:22:46 AM Reply
Please confirm Indigo Paints IPO GMP (grey market premium) and kostak.
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3. Md firoz   1/7/2021 2:22:46 AM Reply
Indigo Paints IPO good or bad.
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2. Swapnil Appaso Hole   1/7/2021 2:22:46 AM Reply
Indigo Paints IPO whether to invest or not.
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1. pranshu chomplay  1/7/2021 2:22:46 AM Reply
Indigo Paints IPO - CRISIL Rating, Apply or not?.

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