IPO

Indigo Paints IPO Details

January 21, 20212 Comments2k

About Indigo paints Company

Table of Contents

Indigo paints PVT Ltd. is one of the fastest-growing paint companies in India. Indigo Paints IPO is started on 20th January 2021. In India, when it comes to revenue, Indigo paints is the 5th largest firm in the decorative paint industry. The founder of this company Hemant Jalan started indigo Paints in the year 2000 in Jodhpur.

Indigo paints were the first firm among all painting companies that started making different products in the painting industry. Here is the list of products

Metallic Emulsion,
Tile coat emulsions,
Bright ceiling coat emulsion,
Floor coat emulsion,
Dirtproof & waterproof exterior laminate,
Exterior and interior acrylic laminate and
PU super gloss enamel.

This company products’ sales have been continuously increasing from 26.68% in 2018 to 28.62% in 2020. This company has three manufacturing plants in India at Jodhpur, Kochi, and Pudukkottai. The company is also planning to grow its business in Pudukkottai(Tamil Nadu) to produce water-based paints.

To increase the demand for all their products, Indigo paints originally tapped into Tier 3, Tier 4 Cities, and Rural Areas, where the company promotions are more comfortable.

Also Read: Know How to Apply For IPO In Zerodha Console

Indigo paints Competitive Strengths

Diversified product portfolio addressing the requirements of different products.
Established a good track record In financial performance.
Strong brand quality.
Large network distribution.
Strategically located manufacturing facilities all over India.

Indigo paints Business Strategy

Increase production capacity and fulfill the customer requirement..
Launch a new product regularly.
Proceed to focus on developing business across customer segments

Indigo paints Risk And Concerns

This company gets delay in the passing of higher input price
It is only expanded its business in Southern regions
Delay in capacity expansion
Delay in increasing the number of tinting machines

Company Financial Details

Here is the detailed financial information of Indigo paints company

Particulars	For the year/period ended (Rs in Million) as of Mar 2020	For the year/period ended (Rs in Million) as of Mar 2019	For the year/period ended (Rs in Million) as of Mar 2018
Total Assets	4219.59	3731.83	2973.94
Total Revenue	6264.36	5372.62	4031.05
Profit After Tax	478.15	268.7	128.62

Purposes Of The Issue

The Gross proceeds of the new Issue less the Offer Expenses allocated to the Company are intended to be used as follows

General corporate objectives of the company.
Repayment of some debt availed by the Company