Indigo Paints Ltd IPO

Mainboard

Paints

Listed On: Feb 2, 2021 at ₹ 2607.50

₹ 14900 /10 Shares

Check Allotment

Price Summary

Last Closing

1,473.40 (-1.11%)

52 Week High

1,720.30

52 Week Low

1,250.00

Last Update

25-Nov-2024 3:30 PM

IPO Details

20 Jan, 2021

Open Date

22 Jan, 2021

Close Date

29 Jan, 2021

Allotment Date

02 Feb, 2021

Listing Date

Issue Price

₹1488-1490 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

2607.50

Listing Date

2021-02-02

Market Lot

10 Shares (₹14,900/-)

Lead Manager

Kotak Mahindra Capital Company Limited, Edelweiss Financial Services Limited, ICICI Securities ltd

Issue Size

Total Equity Shares 78,92,617 of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 1,170.00/- Cr

Fresh Issue of 20,13,423 Equity Shares of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 300.00/- Cr

Offer for Sale of 58,40,000 Equity Shares of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 870.00/- Cr

Retail Portion

35%

Subscription

117.02 times

IPO Docs

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	15,56,690	11,67,514	27,24,198	70,000	55,18,402
Day 1 - 20-01-21 05:00 PM	0.10 x	1.10	3.29 x	0.72 x	1.90 x
Day 2 - 21-01-21 05:00 PM	3.85 x	5.39	9.56 x	1.81 x	6.97 x
Day 3 - 22-01-21 05:00 PM	189.57 x	263.05	15.93 x	2.49 x	117.02 x

Valuations

Earnings Per Share (EPS)

₹10.03

P/E Ratio

148.55

RoNW

24.27%

Net Asset Value (NAV) as on 30.09.20

₹89.87

Company Financials All values are in ₹ Cr.

About The Company

Indigo Paints is the fastest growing amongst the top five paint companies in India. We are the fifth largest company in the Indian decorative paint industry in terms of its revenue from operations for Fiscal 2020.

It has achieved this position in a highly competitive Indian decorative paint industry on the back of its multi-pronged approach. This includes introducing differentiated products to create a distinct market in the paint industry, building brand equity for its primary consumer brand of “Indigo”, creating an extensive distribution network across 27 states and seven union territories as of September 30, 2020, and installing tinting machines across its network of dealers. To create demand for its differentiated products, it initially tapped into Tier 3, Tier 4 Cities, and Rural Areas, where brand penetration is easier and dealers have greater ability to influence customer purchase decisions . Indigo Paints subsequently leveraged this network to engage with dealers in Tier 1 and Tier 2 Cities and Metros as well. The company engaged Mr. Mahendra Singh Dhoni, a sportsperson with pan-India appeal, as its brand ambassador, to enhance its brand image amongst end customers.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Indigo Paints Ltd	16.58	148.55	24.27%	626.43 Cr
Asian Paints Ltd	25.53	117.13	21.79%	20,515.56 Cr
Berger Paints India Ltd	26.62	125.39	21.23%	6,434.34 Cr
Kansai Nerolac Paints Ltd	8.74	84.39	10.36%	5,305.50 Cr
Akzo Nobel India	9.26	63.65	14.55%	2699.40 Cr

IPO - Ratings

Anand Rathi	Subscribe
Angel Broking	Subscribe
Axis Capital	None
Capital Market	Subscribe
Choice Equity Broking Pvt Ltd	Subscribe
Elara Capital Ltd	Subscribe
Hem Securities	Subscribe
IIFL Wealth	None
ICICI Direct	None
Investmentz Ltd	Subscribe for Long Term
Kotak Securities	None
Nirmal Bang	None
Reliance Securities	Subscribe
Spark Capital	Subscribe
Ventura Securities Limited	Subscribe

- Promoter(s)

Pre Issue Share Holding: 60.05%

Post Issue Share Holding: 54%

Company Promoter(s)

Hemant Jalan
Anita Jalan
Parag Jalan
Kamala Prasad Jalan
TaraDevi Jalan
Halogen Chemicals Pvt ltd

IPO - Issue Objectives

Funding capital expenditure for expansion of the existing manufacturing facility at Pudukkottai, Tamil Nadu (the “Proposed Expansion”) by setting-up an additional unit (the “Additional Unit”) adjacent to the existing facility
Purchase of tinting machines and gyroshakers
Repayment/prepayment of all or certain of borrowings

IPO - FAQs

Ans. Indigo Paints Ltd IPO is a Mainboard IPO. The issue is priced at ₹1488-1490 per equity share. The minimum order quantity is 10 Shares. The IPO opens on Jan 20, 2021, and closes on Jan 22, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Indigo Paints Ltd IPO opens on Jan 20, 2021 and closes on Jan 22, 2021.

Ans. The size of Indigo Paints Ltd IPO is Total Equity Shares 78,92,617 of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 1,170.00/- Cr Fresh Issue of 20,13,423 Equity Shares of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 300.00/- Cr Offer for Sale of 58,40,000 Equity Shares of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 870.00/- Cr.

Ans. The IPO price band is set between ₹1488-1490 per equity share.

Ans. To apply for Indigo Paints Ltd IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Indigo Paints Ltd IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Indigo Paints Ltd IPO is Jan 29, 2021.

Ans. The Indigo Paints Ltd IPO will be listed on Feb 2, 2021.

Ans. Follow the steps to check the allotment status for Indigo Paints Ltd IPO here.