Indigo Paints Ltd IPO
MainboardPaints
Listed On: Feb 2, 2021 at ₹ 2607.50
₹ 14900 /10 Shares
Check Allotment20 Jan, 2021
Open Date22 Jan, 2021
Close Date29 Jan, 2021
Allotment Date02 Feb, 2021
Listing DatePrice Summary
Last Closing
732.00 (-50.87%)52 Week High
1,345.9052 Week Low
711.00Last Update
27-Mar-2026 3:30 PMIPO Issue Details
- Issue Price ₹1488-1490 per equity share
- Face Value ₹10 Per Equity Share
-
Issue Price
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 - Listing at BSE, NSE
- List Price 2607.50
- Listing Date 2021-02-02
- Lead Manager Kotak Mahindra Capital Company Limited, Edelweiss Financial Services Limited, ICICI Securities ltd
- Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion 35%
IPO Documents
IPO Details
The IPO of is priced at ₹1488-1490 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jan 20, 2021 and ends on Jan 22, 2021. The allotment for IPO will be finalized on Jan 29, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 2, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are Kotak Mahindra Capital Company Limited, Edelweiss Financial Services Limited, ICICI Securities ltd.
The IPO sets its price band at 1488-1490 for each share. A single application for Indigo Paints Ltd IPO must contain at least 10 shares.
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IPO Subscription Analysis And 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 x | 3.29 x | 0.72 x | 1.90 x |
|
Day 2
21-01-21 05:00 PM
|
3.85 x | 5.39 x | 9.56 x | 1.81 x | 6.97 x |
|
Day 3
22-01-21 05:00 PM
|
189.57 x | 263.05 x | 15.93 x | 2.49 x | 117.02 x |
Valuations
About 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.
- Promoter(s)
Hemant Jalan
Anita Jalan
Parag Jalan
Kamala Prasad Jalan
TaraDevi Jalan
Halogen Chemicals Pvt ltd
Pre Issue Share Holding : 60.05%
Post Issue Share Holding : 54%
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 - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| 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 - 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. You can track the real-time subscription numbers using the links below:
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 Indigo Paints Ltd IPO price band is set between ₹1488-1490 per equity share.
Ans. To apply for Indigo Paints Ltd 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 Indigo Paints Ltd IPO allotment status online.