Skip to main content

Indigo Paints IPO Date, Details, Date, Gmp, Allotment, Review

 

Indigo Paints Limited IPO Details


There are many interesting IPOs which are scheduled to be launched in 2021. One such IPO is the Indigo Paints Limited IPO that is going to launch on January 20, 2021. To Apply for the IPO's  you should have Demat Account. To open Demat Account Click on ZERODHA & UPSTOX.


About the Company – Indigo Paints Limited



On 22 Jan 2021:- GMP Rs.860
For Past trend ,See bottom of Page.



Indigo Paints Limited is one of the top-five fastest-growing paint companies in India. In terms of revenue generation in the decorative paint industry, Indigo Paints ranks fifth in India. Indigo Paints Ltd. is a Pune based Industry set up in 2000 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 and primers. 

The company sells its products under the brand of 'Indigo', through its distribution network across 27 states and 7 union territories, as on September 2020. Former Indian team cricket captain Mahendra Singh Dhoni is its brand ambassador.

The company operates three manufacturing facilities in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). The Company 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 with .
  • Focused Strong brand equity.
  • Extensive network distribution across the country.
  • Strategically located manufacturing facilities near to raw materials.
  • Well-qualified and professional management team with a committed employee base.

Promoters of Company
Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan and Halogen Chemicals Private Limited are the promoters of the company.

   Indigo Paints Promoter Holding
Pre Issue Share Holding94.26%
Post Issue Share Holding54%

Objectives Of Issue
The Company proposes to utilise the Net Proceeds of the Issue for :
    1. To meet the General Corporate Purpose.
    2. Purchase of tinting machines and gyroshakers.
    3. Repayment of Debt.
    4. Funding the capital expenditure requirements for manufacturing facility expansion at Pudukkottai, Tamil Nadu.

Indigo Paints IPO Details

IPO Opening DateJan 20, 2021
IPO Closing DateJan 22, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹1488 to ₹1490 per equity share
Market Lot10 Shares
Min Order Quantity10 Shares
Listing AtBSE, NSE
Issue Size₹1,170.00 Cr
Fresh Issue
20,13,423 Eq. Shares of ₹10
(aggregating up to ₹300.00 Cr)
Offer for Sale5,840,000 Eq. Shares of ₹10
(aggregating up to ₹870 Cr)

Category-wise Break up:

Anchor  Shares  Crs
QIB (50%) Shares  Crs
NII (15%) Shares  Crs
RII  (35%) Shares  Crs (Lot size: 10)
Employee Quota Shares        Crs
Total Issue Size Eq. Shares of ₹10
(aggregating up to ₹1,170 Cr)


Company Financials:

ParticularsFor the year/period ended (₹ in million)
30-Sept-2031-Mar-2031-Mar-1931-Mar-18
Total Assets4,112.914,219.593,731.832,973.94
Total Revenue2,602.436,264.365,372.624,031.05
Profit After Tax272.05478.15268.70128.62

Earnings per Share (EPS):

Earnings per Share 2017-18 Rs 2.88
Earnings per Share 2018-19 Rs 5.98
Earnings per Share 2019-20 Rs 10.61
Earnings per Share 2020-21,6M Rs 6.03

Return on Net Worth: 17-18 10.09 %
Return on Net Worth: 18-19 18.22 %
Return on Net Worth: 19-20 24.27 %
Return on Net Worth: 20-21,6M : 12.12 %

Peer Comparison:
Asian Paints @PE Ratio 97.48
Berger Paints @PE Ratio 115.33
Kansai Nerolac Paints @PE Ratio 64.19
Akzo Nobel India @ PE Ratio 47.41

Tentative Time Table
14 Jan 2021 : Price Band announced
18 Jan 2021 : Anchor List
20 Jan 2021 : Offer Opens
22 Jan 2021 : Offer Closes
27 Jan 2021 : Finalisation of Basis of Allotment
28 Jan 2021 : Unblocking of ASBA
29 Jan 2021 : Credit to Demat Accounts
1 Jan 2021 : Listing on NSE & BSE


Grey Market Premium

On 20 Jan 2021:- GMP Rs.800
On 19 Jan 2021:- GMP Rs 780
On 18 Jan 2021:- GMP Rs.750
On 14 Jan 2021:- GMP Rs.830-850
On 13 Jan 2021:- GMP Rs.830
On 12 Jan 2021 :- GMP Rs.800-820

Note:- Grey Market Premium is subject to change with time to time.

 Registrar to the IPO
Allotment Status

Please click the link below to check the IPO allotment status.

https://www.linkintime.co.in/IPO/public-issues.html

Subscription Details:
CategoryShares OfferedSubscription (no. of times)
Day 1Day 2Day 3
QIB1,556,690 0.11x  3.86x188.75x 
NII1,167,514 1.10x 5.38x 261.90x 
Retail2,724,198 3.29x  10.38x15.71x 
 Employees70,000 0.73x 1.81x  2.29x
Total5,518,402 1.90x 7.38x  116.43x
                           

Labels:

Comments

Post a Comment

Popular posts from this blog

What is Credit Rating Agency

  What is Credit Rating Agency Why is it Important for the Financial Business? A credit rating agency (CRA) measures the debtor’s ability to pay back the loan by making timely principal and interest payments and the possibility of default. Agencies show how strong the country and institution is financial. Three Standard & Poor, Moody’s, and Fitch names in rating world. Credit rating agencies indirectly tell how strong the country, institution, or person is financially and how much loan or loan to them is dangerous or not. That is, how much debt he has the ability to repay. It basically tells investors that a firm has a track record and shows how likely it is to be able to return the money. Currently, there are three Standard & Poor, Moody’s, and Fitch names in the rating world. They occupy about 95 percent of the market. So far, 6 credit rating agencies under SEBI, CRISIL, ICRA, CARE, SMERA, Fitch India, and Brickwork Ratings have been registered by these agencies. The rati...
Post a Comment
Read more

Shyam Metalics IPO Details, Ipo Date, Ipo Price, Ipo GMP

  Shyam Metalics and Energy Limited IPO Hey Guys, There are many interesting Upcoming IPOs which are scheduled to be come in 2021. One such IPO is the Shyam Metalics IPO that is going to launch on June 14, 2021. To Apply for the IPO's you should must have Demat Account.  To open  Demat Account  Click on  ZERODHA   or   UPSTOX .   If you Open Your Demat account with Us You will   Get Free Membership of Premium Telegram Channel. Let’s have a detailed review of the company and analytics of the Shyam Metalics and Energy IPO release date, IPO offer price, subscription, Shyam Metalics IPO allotment, Shyam Metalics grey market premium, and other details like the company’s background,  financial positions of Shyam Metalics , its promoters, and other related things.  About  Shyam Metalics  Company Details  :- Shyam Metalics is a leading integrated metal producing company based in India. Focusing on long steel product...
Post a Comment
Read more

MTAR Technologies Limited IPO Detail, price, gmp, Review

  There are many interesting IPOs which are scheduled to be launched in 2021. One such IPO is the Mtar Technologies Limited IPO that is going to launch on March 3, 2021. To Apply for the IPO's you should must have Demat Account. To open  Demat Account  Click on  ZERODHA  &  UPSTOX .   On 4 March 2021:-  GMP Rs 400 For Past trend ,See bottom of Page. MTAR Technologies is a leading national player in the precision engineering industry.  Incorporated in 1999.  The company is primarily engaged in the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and quality control processes. Since its inception, MTAR Technologies has significantly expanded its product portfolio including critical assemblies i.e. Liquid propulsion engines to GSLV Mark III, Base Shroud Assembly & Airframes for Agni Programs, Actuat...
Post a Comment
Read more