Indigo Paints IPO Date, Review, Price Band, Issue Open & Market Lot Details

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
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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

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.

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.

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
  • Kotak Mahindra Capital Company Limited
  • Edelweiss Financial Services Limited
  • ICICI Securities Limited

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
What is IPO? आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है?

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