Indigo Paints IPO Details

About Indigo paints Company

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

ParticularsFor the year/period ended (Rs in Million) as of Mar 2020For the year/period ended (Rs in Million) as of Mar 2019For the year/period ended (Rs in Million) as of Mar 2018
Total Assets4219.593731.832973.94
Total Revenue6264.365372.624031.05
Profit After Tax478.15268.7128.62

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

Indigo Paints IPO Details

Here is Indigo Paints IPO Details

IPO DateJan 20, 2021 - Jan 22, 2021
Issue TypeBook Built Issue IPO
Issue SizeEq Shares of ₹10
(aggregating up to ₹1,176.00 Cr)
Fresh IssueEq Shares of ₹10
(aggregating up to ₹300.00 Cr
Offer for Sale5,840,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 per equity share
IPO Price₹1488 to ₹1490 per equity share
Market Lot10 Shares
Min Order Quantity10 Shares
Listing AtBSE, NSE

Indigo Paints IPO Tentative Date

Here are the tentative dates of Indigo paints IPO

Bid/Offer Opens On2021-01-20
Bid/Offer Closes On2021-01-22
Finalization of Basis of Allotment2021-01-28
Initiation of Refunds2021-01-29
Credit of Shares to Demat Acct2021-02-01
IPO Shares Listing Date2021-02-02

Indigo paints IPO Lot Size And Price

Here are the Lot size and price of Indigo paints IPO

ApplicationLotsSharesAmount (Cut-off)
Minimum110Rs 14,900
Maximum13130Rs 193,700

Registrar Of Indigo paints IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: indigopaints.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Indigo paints Contact Details

Indigo Paints Limited
Indigo Tower, Street-5, Pallod Farm-2
Baner Road, Pune 411 045
Phone: 91 20 6681 4300
Email: secretarial@indigopaints.com
Website: http://www.indigopaints.com/

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