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Indigo Paints Limited IPO Review

Indigo Paints is the fifth biggest organization in the Indian enhancing paint industry as far as incomes and is the quickest developing among the main five paint organizations in India. The organization produces a total scope of enhancing paints including emulsions, lacquers, wood coatings, sicknesses, preliminaries, putties and concrete paints. The organization distinguishes potential item needs from clients and acquaints separated items with these necessities. Income created from deals of Indigo Differentiated Products addressed 26.68%, 27.58%, and 28.62% of its all out income from tasks in FY2018, FY2019 and FY2020, separately. 

Starting at 30 September 2020, the organization claimed and worked three assembling offices situated in Jodhpur (Rajasthan), Kochi (Kerala) and Pudukkottai (Tamil Nadu) with a total assessed introduced creation limit of 101,903 kilo liters for each annum (KLPA) for fluid paints and 93,118 metric tons for every annum (MTPA) for putties and powder paints. Indigo Paints expects to extend its assembling limits at Pudukkottai office in Tamil Nadu, by adding abilities to fabricate water-based paints to take into account the developing interest for these paints. The proposed creation limit of the extension unit is 50,000 KLPA and it is relied upon to be functional during FY2023.

Subscription Dates

20 – 22 January 2021

Price Band

INR1,488 – 1,490 per share

Fresh issue

INR300 crore 

Offer For Sale

5,840,000 shares (INR868.99 – 870.16 crore)  

Total IPO size

INR1,168.99 – 1,170.16 crore

Minimum bid (lot size)

10 shares

Face Value 

INR10 per share

Retail Allocation

35%

Listing On

NSE, BSE

 

FY2018

FY2019

FY2020

H1 FY2021

Revenue

403.1

537.3

626.4

260.2

Expenses

389.2

503.2

559.0

225.0

Net income

13.2

27.0

47.7

27.2

Net margin (%)

3.3

5.0

7.6

10.5

Earnings Per Share (EPS): INR10.49

Price/Earnings (PE ratio): 141.85 – 142.04

Return on Net Worth (RONW): 24.27%

Net Asset Value (NAV): INR43.23 per share

Date

GMP (in INR)

Kostak (in INR)

Subject to Sauda (in INR)

1 Feb 2021

800

700

6,500

30 Jan 2021

750

600

6,000

29 Jan 2021

700

550

5,700

28 Jan 2021

650

500

5,500

27 Jan 2021

750

650

6,500

Listing Performance of Indigo Paints Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Indigo Paints Limited

Feb 02, 2021

1490

3118.65

109.31

NSE : INDIGOPNTS

BSE : 543258

ISIN CODE : INE09VQ01012

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SMC Global- 3/5

IPO Opening Date: 20 January 2021

IPO Closing Date: 22 January 2021

Finalisation of Basis of Allotment: 28 January 2021

Initiation of refunds: 29 January 2021

Transfer of shares to demat accounts: 1 February 2021

Listing Date: 2 February 2021

Opening Price on NSE: INR2,607.5 per share (up 75% from IPO price)

Closing Price on NSE: INR3,129 per share (up 110% from IPO price)

Indigo Paints Limited

Indigo Tower, Street-5,

Pallod Farm-2, Baner Road,

Pune 411 045, Maharashtra

Phone: +91 20 6681 4300

Email: secretarial@indigopaints.com

Website: www.indigopaints.com

 

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

Category

Shares offered

Subscription (no. of times, 5 PM)

Day 1

Day 2

Day 3

QIB

1,556,690

0.10

3.85

189.56

NII

1,167,514

1.09

5.38

263.04

Retail

2,724,198

3.30

11.56

15.93

Employee

70,000

0.72

1.80

2.49

Total

5,518,402

1.89

6.96

117.02

Indigo Paints Limited IPO FAQ's

Indigo Paints IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,176.00 Crores. The issue is priced at ₹1488 to ₹1490 per equity share. The minimum order quantity is 10 Shares.The initial public offering (IPO) begins on Jan 20, 2021  and ends on  Jan 22, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

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

Indigo Paints IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.

Indigo Paints IPO  can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

The  Basis of Allotment for Indigo Paints IPO will be done on Jan 28, 2021, and the allotted shares will be credited to your demat account by Feb 1, 2021. Check the Indigo Paints IPO allotment status.

The Indigo Paints IPO listing date is on Tuesday, February 2, 2021.

Indigo Paints Limited IPO Comments