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:
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 4,112.91 | 4,219.59 | 3,731.83 | 2,973.94 | |
| Total Revenue | 2,602.43 | 6,264.36 | 5,372.62 | 4,031.05 | |
| Profit After Tax | 272.05 | 478.15 | 268.70 | 128.62 | |
Objects of the Issue:
The net proceeds from the Indigo Paints IPO will be used against the following objectives.
- To meet the capital expenditure requirements for manufacturing facility expansion at Pudukkottai, Tamil Nadu
- To purchase tinting machines and gyroshakers.
- To repay all or certain borrowings.
- To meet general corporate purposes.
Indigo Paints IPO Details
| IPO Opening Date | Jan 20, 2021 |
| IPO Closing Date | Jan 22, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹1488 to ₹1490 per equity share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, 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 Sale | 5,840,000 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 Date | Jan 20, 2021 |
| IPO Close Date | Jan 22, 2021 |
| Basis of Allotment Date | Jan 28, 2021 |
| Initiation of Refunds | Jan 29, 2021 |
| Credit of Shares to Demat Account | Feb 1, 2021 |
| IPO Listing Date | Feb 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10 | ₹14,900 |
| Maximum | 13 | 130 | ₹193,700 |
Indigo Paints IPO Promoter Holding
| Pre Issue Share Holding | 60.05% |
| Post Issue Share Holding | 54% |
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.
