Indigo Paints Ltd. IPO Offer Details or Issue Details
| Issue Open Date | 20 Jan 2021 |
| Issue Close Date | 22 Jan 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 |
| Issue Price | ₹1488 to ₹1490 per equity share |
| face value | ₹10 |
| lot size | 10 Shares |
| Issue Size (Rs cr) | – Eq Shares of Rs.- (aggregating up to ₹1,176.00 Cr) |
| Fresh Issue | Up to [●] (aggregating up to ₹300. Cr) |
| Offer for Sale | 5,840,000 Equity Shares |
| Maximum bid size | 13 lot (130 shares) |
| Listing on | BSE, NSE |
| Issue Type | Book Built Issue IPO |
Indigo Paints Ltd. IPO Grey Market Premium ( GMP )
- The premium in the grey market as of January 15 was at around Rs 840-850 per share, which means the grey market trading price stood at Rs 2,340-2,330 against the issue price of Rs 1,490
Indigo Paints Financials: (₹ in million)
| 30-Sep-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 liabilities | 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 | 271.94 | 477.13 | 270.31 | 131.59 |
upcoming IPO in 2021
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Indigo Paints Ltd Corporate information
Started in the year 2000, Indigo Paints had a modest beginning. It started out with the manufacture of lower-end Cement paints, and gradually expanded its range to cover most segments of water-based paints like Exterior Emulsions, Interior Emulsions, Distempers, Primers, etc.
From an early age, the Company spread its footprints across the country, with the rapid expansion of its reach across India. Today the Company stands out as one of the strongest contenders in the Indian paint industry, being rated as an innovative paint manufacturer, which keeps coming out with unique products never before offered in the country.
Indigo Paints Promoters:
The Promoters of our Company are:
- Hemant Jalan (Managing Director of Company)
- Anita Jalan (Executive Director of Company)
- Parag Jalan
- Kamala Prasad Jalan
- Tara Devi Jalan and
- Halogen Chemicals Private Limited
As on the date of this DRHP, the Promoters, in aggregate, hold 27,356,615 Equity Shares in Company, representing 94.26% of the issued, subscribed and paid-up Equity Share capital of Company.
Objects of the Issue:
The Offer comprises a Fresh Issue by Company and Offer for Sale by the Selling Shareholders.
Offer for Sale:
The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale after deducting their proportion of Offer expenses and relevant taxes thereon.
The Fresh Issue
Company proposes to utilise the Net Proceeds towards funding of the following objects
- Funding capital expenditure for expansion of the existing manufacturing facility at Pudukkottai, Tamil Nadu (the “Proposed Expansion”) by setting-upan additional unit (the “Additional Unit”)adjacent to the existing facility;
- Purchase of tinting machines and gyroshakers
- Repayment/prepayment of all or certain of our borrowings
- General corporate purposes
Indigo Paints Contact Information
| Registered and Corporate Office: |
|---|
| Indigo Tower, Street-5, Pallod Farm-2, Baner Road, Pune 411 045, Maharashtra, India; Tel: +91 20 6681 4300; Website: www.indigopaints.com |
How to apply for Indigo Paints Ltd. IPO?
it very easy to apply indigo paints ipo follow the following steps:
- opan demat and treding account
- Visit https://invest.upstox.com/ipo
- Log-in using your UCC Id and PAN Number
- Enter the birth year to verify your account
- Click on the ‘Details’ button below the widget of the IPO you are choosing to apply for
- Use the details page to go through all the company-related details
- Click on the ‘Place Bid’ button at the bottom
- Enter your UPI ID and click on ‘Continue’
- Enter the lot size and your bid amount and click ‘Continue’
- Confirm the order
You will then see an order confirmation screen telling you whether or not your application was successful.