Indigo Paints is one of the fastest-growing paint companies in India and in terms of revenue, it is the 5th largest company in the decorative paint industry. The company is engaged in manufacturing different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints.
It is the first company that started 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 strong market network with dealers in Tier 1, Tier 2, and Metros as well. It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). 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.
Indigo Paints IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹1488 to ₹1490 per equity share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 543258 |
| NSE Symbol | INDIGOPNTS |
| ISIN | INE09VQ01012 |
| Issue Size | Aggregating up to ₹1,176.00 Cr |
| Fresh Issue | Aggregating up to ₹300.00 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Indigo Paints IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | Jan 20, 2021 |
| IPO Close Date | Jan 22, 2021 |
| Basis of Allotment Date | Jan 28, 2021 |
| IPO Listing Date | Feb 2, 2021 |
Indigo Paints IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10 | ₹14,900 |
| Maximum | 13 | 130 | ₹193,700 |
Company Financials:
| PARTICULAR | 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 |
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.
Registrar & Company Information
| Company Contact Information | Indigo Paints IPO Registrar |
| Indigo Paints Limited Indigo Tower, Street-5, Pallod Farm-2 Baner Road, Pune 411 045 Phone: 91 20 6681 4300 Email: secretarial@indigopaints.com Website: http://www.indigopaints.com/ | Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: indigopaints.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
