Indigo Paints IPO Date, Review, Price Bands, Market Lot, Indigo Paints IPO Important Dates, Market Lot, Listing Date & Time Details
Indigo Paints Ltd is the fifth largest company in the Indian decorative paint industry in terms of revenue from operations for Fiscal 2020 and also the fastest growing amongst the top five paint companies in India.
The company filed DRHP in November and got SEBI’s nod for an IPO. Indigo Paints is backed by Sequoia Capital and coming up with ₹1000 crore IPO. The IPO comprises fresh issue of ₹300 crore and offer for sale of upto 58,40,000 shares by Sequoia Capital.
Proceeds from the fresh issuance of shares would be used for expansion of the existing manufacturing facility at Pudukkottai in Tamil Nadu, purchase of tinting machines and gyro shakers, and repayment/prepayment of borrowings. According to market sources, the initial public offering (IPO) is expected to fetch Rs 1,000 crore.
Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities are the book running lead managers to the issue. The Pune-based company manufactures a range of decorative paints and has an extensive distribution network across the country.
About Indigo Paints Ltd
Started in the year 2000, Indigo Paints had a modest beginning. It started out with the manufacture of lower-end Cement paints, and gradually expanded its range to cover most segments of water-based paints like Exterior Emulsions, Interior Emulsions, Distempers, Primers, etc. From an early age, the Company spread its footprints across the country, with the rapid expansion of its reach across India.
Today the Company stands out as one of the strongest contenders in the Indian paint industry, being rated as an innovative paint manufacturer, which keeps coming out with unique products never before offered in the country.
As of September 30, 2020, they have three manufacturing facilities located in Rajasthan, Kerala and Tamil Nadu. Stay tuned for Indigo Paints IPO Dates, Price Band and Market Lot Details.
Indigo Paints IPO Details:
| Issuer | Indigo Paints Ltd | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: January 20, 2021 | |
| Issue Closes: January 22, 2021 | ||
| Price Brand | ₹1488 to ₹1490 Per Share | |
| Issue Size | ₹1176 Crores (Approx.) | |
| Face Value | Rs.10 per Equity Share | |
| Market Lot | 10 Shares | |
| Maximum Bid amount for Retail | Rs. 2 Lakhs | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Offer for Sale | ₹876 Cr | |
| Fresh Issue | ₹300 Cr | |
| Listing at | NSE & BSE | |
| Apply With | Upstox Free DEMAT Account | |
| Equity | 58,40,000 Shares | |
| Grey Market Price | Indigo Paints IPO GMP Today | |
Indigo Paints IPO Review
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Indigo Paints IPO Dates & Price Band
| IPO Open: | January 20, 2021 |
| IPO Close: | January 22, 2021 |
| IPO Size: | ₹1176 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹1488 to ₹1490 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Total IPO size | 58,40,000 Equity Shares |
Indigo Paints IPO Market Lot:
| Lot Size: | Minimum 10 Shares & Maximum 130 Shares |
| Minimum Amount: | ₹14900 |
| Maximum Amount: | ₹193700 |
Indigo Paints IPO Allotment & Listing Dates:
| Basis of Allotment: | January 28, 2021 |
| Refunds: | January 29, 2021 |
| Credit to Demat Account: | February 1, 2021 |
| Listing Date: | February 2, 2021 |
Company Promoters:
- The President of India, acting through The Ministry Of Railways, Government Of India
Indigo Paints Financial
| 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.
Competitive strengths
- Large product portfolio with differentiated products.
- Well-proven, and consistent growth track record.
- Strong brand equity.
- Extensive network distribution.
- Strategically located manufacturing facilities.
How to Apply for Indigo Paints IPO?
If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in Indigo Paints IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.
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How to Check Indigo Paints IPO Allotment?
Indigo Paints IPO Allotment
Check Indigo Paints IPO Allotment Here: 
OR Log on to https://linkintime.co.in/MIPO/Ipoallotment.html
Note: Indigo Paints IPO Allotment Status will be available whenever the Registrar of IPO will put on their official sites.
# Option 1: BSE Website:
- Go to BSE Website
- Check box “Equity”
- Select IPO Name “Indigo Paints”
- Type Your Application Number
- Type Your Pan Number
# Option 2: Linkintime Website:
- Go to Linkintime Website
- Select IPO Name “Indigo Paints”
- Select Option from PAN Number, Application Number or Demat Account Number
- As per selection add PAN Number, Application Number or Demat Account Number
# Option 3: in Your Demat Account:
- Call Your Broker or Login to Your Demat Account / Trading Account
- Check the stock is credited to your account or not
# Option 4: in Your Bank Account:
- Login to your Bank Account
- Check the Amount is debited or released
Indigo Paints IPO Listing Gain
How to Sell Indigo Paints IPO Shares on Listing Day?
Indigo Paints IPO Listing Day Kya kre?
Indigo Paints IPO Lead Managers
| Lead Managers |
|
Indigo Paints IPO Registrar to Offer
| Indigo Paints IPO Registrar |
| Link Intime India Private Limited C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: indigopaints.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance ID: indigopaints.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
| Company Contact Info: |
|---|
|
Indigo Tower, Street-5, Pallod Farm-2,
Baner Road, Pune 411 045, Maharashtra, India
Tel: +91 20 6681 4300
Website: www.indigopaints.com Contact Person: Sujoy Bose, Company Secretary and Compliance Officer; E-mail: secretarial@indigopaints.com |
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