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 Date | 20 JANUARY 2021 |
| Closing Date | 22 JANUARY 2021 |
| Type of Issue | Book 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 Sale | 5,840,000 Equity Shares (aggregating up to ₹ Cr) |
| Listing At | BSE, NSE |
| Face Value | Rs.10 per eq. share |
| IPO Price | Rs. 1488-1490 |
| Market Lot | 10 Shares |
| Minimum Order Quantity | 10 Shares |
IPO Tentative Time-Table:
| Opening Date | 20 JANUARY 2021 |
| Closing Date | 22 JANUARY 2021 |
| Allotment Date | 28 JANUARY 2021 |
| Refund Initiations | 29 JANUARY 2021 |
| Share Credit in Demat Account | 01 FEBRUARY 2021 |
| IPO Listing | 02 FEBRUARY 2021 |
Company Financials:
| 30-September-20 | 31-March-20 | 31-March-19 | 31-March-18 | |
| Assests | 4,112.91 | 4,219.59 | 3,731.83 | 2,973.94 |
| Revenue | 2,602.43 | 6,264.36 | 5,372.62 | 4,031.05 |
| Profit After Tax | 272.05 | 478.15 | 268.70 | 128.62 |
Grey Market Premium (GMP | INDIGO IPO GMP):
- Grey market premium on 21 Jan 21 is ₹800-810
- Grey market premium on 20 Jan 21 is ₹800-810
- Grey market premium on 19 Jan 21 is ₹800-810
- Grey market premium on 18 Jan 21 is ₹750-760
- Grey market premium on 17 Jan 21 is ₹840-850
- Grey market premium on 16 Jan 21 is ₹840-850
- Grey market premium on 15 Jan 21 is ₹840-850
- Grey market premium on 14 Jan 21 is ₹800-820
- Grey market premium on 13 Jan 21 is ₹800-820
- Grey market premium on 12 Jan 21 is ₹600-700
- Grey market premium on 15 Jan 21 is ₹400-500