Indigo Paints Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹1488-₹1490
- Lot size
- 10 shares
- Issue amount
- ₹1,176 cr
- Total subscription
- 0×
- Opens
- 20 Jan 2021
- Closes
- 22 Jan 2021
- Allotment
- 28 Jan 2021
- Listing
- 2 Feb 2021
Offer at a glance
Issue overview
- Issue size
- 78,53,422 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,880
- Fresh issue
- ₹300 cr
- Offer for sale
- ₹869 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,900
- Issue type
- Bookbuilding IPO
- Shares before issue
- 4,55,55,575
- Shares after issue
- 4,75,68,997
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 10 | ₹14,900 |
| sHNI | 14 | 140 | ₹2,08,600 |
| bHNI | 67 | 680 | ₹10,13,200 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
Indigo Paints is one of the fastest-growing paint companies in India and ranks as the 5th largest in the decorative paint industry by revenue. The company manufactures a wide range of decorative paints including enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints, and was the first to introduce 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, with sales from these products growing from 26.68% in 2018 to 28.62% in fiscal 2020. Indigo Paints has a strong dealer network across Tier 1, Tier 2, and metro cities, with three manufacturing facilities in Jodhpur, Kochi, and Pudukkottai, and plans to expand the Pudukkottai facility to produce water-based paints.
Strengths
- Diversified Portfolio: Offers a wide range of differentiated products.
- Proven Growth: Consistent and strong track record of performance.
- Strong Brand: High brand recognition and equity.
- Extensive Distribution: Well-established network for product reach.
- Strategic Manufacturing: Facilities located for operational efficiency.
Promoters
Hemant Jalan
Anita Jalan
Parag Jalan
Kamala Prasad Jalan
TaraDevi Jalan
Halogen Chemicals Pvt ltd
Registrar & documents
Lead manager
Edelweiss Financial Services Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Indigo Tower, Street-5, Pallod Farm-2 Baner Road, Pune 411 045
91 20 6681 4300
[email protected]Company website ↗Understanding INDIGOPNTS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.