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 |
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
Anand Rathi – Subscribe
Angel Broking – Subscribe
BP Wealth – Subscribe
Choice Broking – Subscribe with Caution
Elara Capital – Subscribe
Elite Wealth – Subscribe
GEPL Capital – Subscribe
IIFL – Subscribe
Samco Securities – Subscribe for listing gains
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 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.
© 2021 All rights reserved
Ask Your Query