Indigo Paints IPO Detail (Indigo Paints Limited IPO)

Indigo Paints is one of the best paint companies in India which has good growth in the past few years and in terms of income, it is the fifth-biggest organization in the enriching paint industry. Indigo-Paints IPO is coming in January 2021. Indigo Paints Manufactures many different varieties of decorative paints such as Cement Paints, Distempers, Enamels, Emulsions, Primers, Wall Putty, Wood Coatings etc.

Indigo-Paints is the First Organization that started manufacturing many different types of items in the paints industry like:

1)Metallic Emulsions

2)Dirt-proof Exterior Laminate

3)Waterproof Exterior Laminate

4)Tile Coat Emulsions

5)Floor Coat Emulsions

6)Exterior Acrylic Laminate

7)Interior Acrylic Laminate

8)PU Super Gloss Enamel

9)Bright Ceiling Coat Emulsions

Let compare the growth of sales by these different products, in 2018 sales growth is approx. 26.68% and it jumped to 28.62% in 2020 which is considered as very good growth.

The company has a very good Market-Network with dealers in Different tier cities like Tier-1 and Tier-2 as well as in metro cities company has a good market network. They have a total of three manufacturing units which are situated at Kochi, Jodhpur, and Pudukkottai which manufactures water-based paints.

They has M.S.DHONI as Brand Ambassador which is very good if we see about marketing purposes.

Company Strengths:

1)Enormous item portfolio with separated items. 

2)Solid brand value. 

3)As per record there is consistent growth.

4)Broad Network Distribution

5) Manufacturing units at a good location.

Indigo Paints IPO Details:

Opening Date20 JANUARY 2021
Closing Date22 JANUARY 2021
Type of IssueBook Built Issue IPO
Size of Issue– Equity Shares
(aggregating up to ₹1,176.00 Cr)
Fresh Issue– Equity Shares
(aggregating up to ₹300.00 Cr)
Offer for Sale5,840,000 Equity Shares
(aggregating up to ₹ Cr)
Listing AtBSE, NSE
Face ValueRs.10 per eq. share
IPO PriceRs. 1480-1500
Market Lot10 Shares
Minimum Order Quantity10 Shares

IPO Tentative Time-Table:

Opening Date20 JANUARY 2021
Closing Date22 JANUARY 2021
Allotment Date28 JANUARY 2021
Refund Initiations29 JANUARY 2021
Share Credit in Demat Account01 FEBRUARY 2021
IPO Listing02 FEBRUARY 2021

Company Financials:

30-September-2031-March-2031-March-1931-March-18
Assests4,112.914,219.593,731.832,973.94
Revenue2,602.436,264.365,372.624,031.05
Profit After Tax272.05478.15268.70128.62
₹ In Lakhs.

Grey Market Premium (GMP) Will be updated soon:

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