Indigo Paints Limited
- IPO Date20 Jan, 2021 to 22 Jan, 2021
- Listing Date02 Feb, 2021
- Face Value₹10 per share
- Issue Price₹1488 to ₹1490 per share
- Lot Size10 Shares
- Minimum Investment₹14,900
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale58,40,000 Shares
(aggregating up to ₹870.16 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
22 Jan, 2021
Initiation of Refunds
01 Feb, 2021
Listing Date
02 Feb, 2021
20 Jan, 2021
Opening Date
28 Jan, 2021
Basis of Allotment
01 Feb, 2021
Credit of Shares
Indigo Paints Limited Lot Size
Investors can bid for a minimum of 10 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 130 | ₹1,93,700 |
| Retail (Min) | 1 | 10 | ₹14,900 |
Indigo Paints Limited Promoter Holding
Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan and Halogen Chemicals Private Limited are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 60.05% | 54% |
Indigo Paints Limited COMPANY INFORMATION
Indigo Paints IPO is a book built issue of Rs 1,176.00 crores. The issue comprises of fresh issue of Rs 300.00 crore and offer for sale of 0.58 crore shares. Indigo Paints IPO bidding started from January 20, 2021 and ended on January 22, 2021. The allotment for Indigo Paints IPO was finalized on Thursday, January 28, 2021. The shares got listed on BSE, NSE on February 2, 2021. Indigo Paints IPO price band is set at ₹1488 to ₹1490 per share. The minimum lot size for an application is 10 Shares. The minimum amount of investment required by retail investors is ₹14,900. Edelweiss Financial Services Ltd, ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Indigo Paints IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Indigo Paints IPO RHP for detailed information.
Indigo Paints is one of the fastest-growing paint companies in India and in terms of revenue, it is the 5th largest company in the decorative paint industry. The company is engaged in manufacturing different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints.
It is the first company that started manufacturing certain differentiated products like Metallic Emulsions, Bright Ceiling Coat Emulsions, Tile Coat Emulsions, Dirtproof & Waterproof Exterior Laminate, Floor Coat Emulsions, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel. The sales from these differentiated products are continuously growing as it was 26.68% in 2018 increased to 28.62% in fiscal 2020.
Indigo Paints has a strong market network with dealers in Tier 1, Tier 2, and Metros as well. It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). It is further looking to expand its manufacturing capacities at Pudukkottai to manufacture water-based paints.
Company Strengths
- Large product portfolio with differentiated products.
- Well-proven, and consistent growth track record.
- Strong brand equity.
- Extensive network distribution.
- Strategically located manufacturing facilities.
FAQs About Indigo Paints Limited
Indigo Paints Limited will open on 20 Jan, 2021 and close on 22 Jan, 2021. Investors must apply within this period to participate.
The Indigo Paints Limited price band is set between ₹1488.00 and ₹1490.00 per share. The minimum lot size is 10, requiring an investment of at least ₹14900.00.
The Indigo Paints Limited shares are expected to be listed on 02 Feb, 2021, subject to regulatory approvals and final allotment.
You can track your Indigo Paints Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Indigo Paints Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.