Indigo Paints IPO is the 2nd IPO of 2021. In this post, we will look into important information on the Indigo Paints IPO 2021 and find out the possible prospects of the company.
Important Details – Indigo Paints IPO
| Particulars | Details |
|---|---|
| IPO Dates | 20 Jan – 22 Jan 2021 |
| IPO Size (in Crores) | 1175 Crores |
| Face Value | Rs. 10 per Equity Share |
| Price Band | Rs. 1488 to Rs. 1490 per Equity Share |
| Minimum Lot Size | 10 Shares |
| Minimum Application Amount | Rs. 14900/- |
| Listing Date | 02 Feb 2021 |
| Official Website | https://indigopaints.com/ |
Indigo Paints IPO Allotment Dates
| Particulars | Details |
|---|---|
| Basis Of Allotment | 28 Jan 2021 |
| Initiation Of Refunds | 29 Jan 2021 |
| Credit to DEMAT | 1 Feb 2021 |
| Listing Date | 02 Feb 2021 |
Indigo Paints – About the Company
- Indigo Paints is the 5th largest firm in the decorative paint industry in terms of sales and one of India’s fastest-growing paint firms.
- The company is primarily engaged in the manufacture of various types of decorative paints such as primers, enamels, emulsions, wood coatings, putties and cement paints.
- It has strong distribution network and hold in Tier 2 & Tier 3 cities.
- The company clocked Revenue of Rs 626.43 crore and Profits After Taxes of Rs 47.81 crore in FY20.
Objectives of the Issue – Indigo Paints IPO
- The company will utilize funds for the expansion of the manufacturing facility at Pudukkottai in Tamil Nadu by setting up another facility, New unit in Tamil Nadu will have a capacity of 50,000 KLPA and is expected to be operational during FY2023.
- For Repayment of Borrowings and General corporate purposes.
- The IPO will help the company become free of debt.
Indigo Paints IPO Listed At
Indigo Paints – Competitors in the Industry
Some of Indigo Paints’ Main Rivals are Asian Paints, Berger Paints, Nippon Paint India, Shalimar Paints, Kansai Nerolac Paints, Akzo Nobel India Ltd (Delux Paints), British Paints India Ltd, etc.
Our View About This IPO
This IPO seems Very Good for Listing Gains. The Listing can be above 60{4b331c42b8926ebe542dc19d70753f982f00baa8493fa3b4ebe6aa56faa6d044} of Issue Price. Though we feel the GMP of This IPO is Unreasonably High. One can apply to this IPO although the chances may be thin to actually get this IPO.
Indigo Paints IPO Allotment Status
Tell us your Views About Indigo Paints IPO in the Comment Section Below. Read More About Upcoming IPOs on Our IPO Page.