Indigo Paints Ltd IPO
Indigo Paints Ltd IPO is listed on BSE and NSE, priced at ₹1488–₹1490 per share. The stock debuted at ₹2607.5, delivering a listing gain of 75.0%. The IPO had a lot size of ₹10 shares and a minimum investment of ₹14,900.
Indigo Paints Ltd IPO
- IPO Dates
- Jan 20, 2021 – Jan 22, 2021
- Price band
- ₹1488-1490 per equity share
- Minimum Investment
- ₹14,900
- 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
- Lot size
- 10
- Allotment Date
- Jan 29, 2021
- Listing
- Feb 2, 2021
- Listing At
- BSE, NSE
IPO timeline
-
Jan 20, 2021
Open Date
Completed
-
Jan 22, 2021
Close Date
Completed
-
Jan 29, 2021
Allotment Date
Completed
-
Feb 2, 2021
Listing Date
Completed
Price Summary
- Last closing
- 975.40 (-34.54%)
- 52 week high
- 1,345.90
- 52 week low
- 708.05
- Last update
Indigo Paints Ltd IPO Essentials
Indigo Paints Ltd IPO Details
Indigo Paints Ltd IPO is priced at ₹1488-1490 per share with a total issue size of 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. The IPO has a lot size of 10 shares and is listed on BSE and NSE.
- Issue price
- ₹1488-1490 per equity share
- Lot size
- 10 shares
- Face value
- ₹10 Per Equity Share
- 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 - Listing at
- BSE, NSE
- List price
- 2607.50
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Kotak Mahindra Capital Company Limited, Edelweiss Financial Services Limited, ICICI Securities ltd
Indigo Paints Ltd IPO Details
- Retail Portion 35%
Indigo Paints Ltd IPO Documents
Indigo Paints Ltd IPO Analytics
Indigo Paints Ltd IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Indigo Paints Ltd IPO Subscription Status
Indigo Paints Ltd IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
1.10x
|
3.29 x | 0.72 x | 1.90 x |
|
Day 2
21-01-21 05:00 PM
|
3.85 x |
5.39x
|
9.56 x | 1.81 x | 6.97 x |
|
Day 3
22-01-21 05:00 PM
|
189.57 x |
263.05x
|
15.93 x | 2.49 x | 117.02 x |
Indigo Paints Ltd Valuations
Earnings
- EPS (Post IPO)
- ₹10.03
- P/E Ratio
- 148.55
Returns
- RoNW
- 24.27%
Indigo Paints Ltd Company & Offer Insights
About Indigo Paints Ltd
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.
Indigo Paints Ltd Promoter(s)
Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, TaraDevi Jalan, Halogen Chemicals Pvt ltd are the company's promoters of Indigo Paints Ltd.
Indigo Paints 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
Indigo Paints Ltd 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 |
Contact Information
Frequently Asked Questions
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Indigo Paints Ltd IPO is a book-built IPO worth ₹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. The price band is ₹1488–₹1490 per share. The IPO opens on Jan 20, 2021 and closes on Jan 22, 2021. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Indigo Paints Ltd IPO is ₹1488 to ₹1490 per share.
The lot size of Indigo Paints Ltd IPO is 10 shares.
The minimum investment for Indigo Paints Ltd IPO is approximately ₹14,900 based on the upper price band .
Indigo Paints Ltd IPO opens on Jan 20, 2021 and closes on Jan 22, 2021.
The allotment date of Indigo Paints Ltd IPO is Jan 29, 2021.
Indigo Paints Ltd IPO is expected to be listed on Feb 2, 2021, on BSE and NSE .
Indigo Paints Ltd IPO listed on Feb 2, 2021. It was issued at ₹2607.50 and is currently around ₹975.40 as on 14-May-2026 3:30 PM, which is approximately -34.5% versus issue price. The 52-week high is ₹1,345.90.
Based on listing and post-listing performance, Indigo Paints Ltd IPO delivered around -34.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Indigo Paints Ltd IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Indigo Paints Ltd IPO valuation snapshot: P/E 148.55, EPS ₹10.03, P/B N/A, RoNW 24.27%, and market cap N/A.
To apply for Indigo Paints Ltd IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Indigo Paints Ltd IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Indigo Paints Ltd IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Indigo Paints Ltd IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Indigo Paints Ltd IPO allotment status on IPO Ji for quick and easy access.