indigo paints limited ipo

In terms of revenue, Indigo Paints is the 5th largest company in the decorative paint industry. The company manufactures products like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints.

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The sales from these differentiated products are continuously growing as it was 26.68% in 2018 increased to 28.62% in fiscal 2020. It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu).


Company Promoters:

Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan, and Halogen Chemicals Private Limited are the promoters of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
ParticularsFor the year/period ended (₹ in million)
30-Sept-2031-Mar-2031-Mar-1931-Mar-18
Total Assets4,112.914,219.593,731.832,973.94
Total Revenue2,602.436,264.365,372.624,031.05
Profit After Tax272.05478.15268.70128.62

Objects of the Issue:

The net proceeds from the Indigo Paints IPO will be used against the following objectives.

  1. To meet the capital expenditure requirements for manufacturing facility expansion at Pudukkottai, Tamil Nadu
  2. To purchase tinting machines and gyroshakers.
  3. To repay all or certain borrowings.
  4. To meet general corporate purposes.

Indigo Paints IPO Details

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

Indigo Paints IPO Tentative Timetable

The Indigo Paints IPO open date is Jan 20, 2021, and the close date is Jan 22, 2021. The issue may list on Feb 2, 2021.

IPO Open DateJan 20, 2021
IPO Close DateJan 22, 2021
Basis of Allotment DateJan 28, 2021
Initiation of RefundsJan 29, 2021
Credit of Shares to Demat AccountFeb 1, 2021
IPO Listing DateFeb 2, 2021

Indigo Paints IPO Lot Size

The Indigo Paints IPO market lot size is 10 shares. A retail-individual investor can apply for up to 13 lots (130 shares or ₹193,700).

ApplicationLotsSharesAmount (Cut-off)
Minimum110₹14,900
Maximum13130₹193,700

Indigo Paints IPO Promoter Holding

Pre Issue Share Holding60.05%
Post Issue Share Holding54%

The finalization of 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. The Indigo Paints IPO listing date is not yet announced. The tentative date of Indigo Paints IPO listing is Feb 2, 2021.

 

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