Indigo Paints Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹750(50.34%)
Premium (ELP)
Following its successful public offering, Indigo Paints Limited's made its market debut on Feb 02, 2021 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 78,53,422 Shares in total capital, including 20,13,422 Shares in primary equity infusion and ₹869.00 Cr in secondary share sales.
The offering was structured with a price band of ₹1,488 to ₹1,490 and minimum investment lots of 10 shares. Investor participation during the subscription window from Jan 20, 2021 to Jan 22, 2021 demonstrated market confidence in the company's prospects.
The allotment process concluded on Jan 28, 2021, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- 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.
NA
- Hemant Jalan
- Anita Jalan
- Parag Jalan
- Kamala Prasad Jalan
- TaraDevi Jalan
- Halogen Chemicals Pvt ltd
Indigo Paints Limited
Link Intime India Private Limited