Indigo paints ipo grey market premium surges 50% on 15th January 2021. The paint manufacturing Indigo paints IPO set to open bidding on 20th January saw demand in unlisted market. The shares were trading at Rs. 2700 in the grey market. The current GMP of Indigo paints ipo will be updated every day on our site. Keep visiting for updated news.
Indigo paints ipo grey market premium :
Indigo paints grey market price in the IPO book building process saw huge demand for its shares in the unlisted market on 15th Jan 2021. The ipo grey market premium for this IPO Indigo paints were trading at 50% premium to the issue price of Rs. 1490.
Indigo paints ipo set to open bidding process on 20th Jan 2021. It’s the second IPO off the year after Indian railway finance corporation. The IPO market was a success in the year 2020. In the year 2021, Many tech start up set to launch its IPO in 2021. However, Indigo paints ipo is set to launch now and hence saw good demand for its shares in the unlisted market.
Also Read: Lic ipo details
Indigo paints Company details :
Indigo Paints is the fastest-growing paint companies in India and in terms of financial ratios, It’s 5th largest company in the decorative paint industry in India. The company is focused in manufacturing of different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints.
It is the first company in india that started paints 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 good market network with dealers in Tier 1, Tier 2, and Metros as well as rural areas. It has 3 manufacturing facilities situated in Jodhpur, Kochi, and Pudukkottai. 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.
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 of Indigo paints:
The net proceed from the Indigo Paints IPO will be used against 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 | RS10 per equity share |
| IPO Price | Rs1488 to Rs1490 per equity share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, NSE |
| Issue Size | Eq Shares of Rs. 10 |
| Fresh Issue | Eq Shares of Rs. 10 |
| Offer for Sale | 5,840,000 Eq Shares of ₹ Rs.10 |
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 |
|---|---|---|---|
| Minimum | 1 | 10 | Rs.14,900 |
| Maximum | 13 | 130 | Rs.193,700 |
Indigo Paints IPO Promoter Holding
| Pre Issue Share Holding | 94.26% |
| Post Issue Share Holding |
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