✓
Open
20 Jan 2021
✓
Close
22 Jan 2021
3
Allotment
—
✓
Listing
Tue, Feb 2, 2021
Price Band
₹1488 to ₹1490
Issue Size
78,53,422 shares (agg. up to ₹1,169 Cr)
Lot Size
10 Shares
Listing Date
Tue, Feb 2, 2021
Latest GMP
₹750
Est. Gain
50.34%
✦ AI Insight
GMP Trend
30-01-2021₹750Est. ₹2240+50.34%
29-01-2021₹750Est. ₹2240+50.34%
28-01-2020₹625Est. ₹2115+41.95%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 81.62x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 411.29 | 421.96 | 373.18 | 297.39 |
| Total Income | 260.24 | 626.44 | 537.26 | 403.11 |
| Profit After Tax | 27.21 | 47.82 | 26.87 | 12.86 |
| EBITDA | 48.09 | 90.99 | 54.09 | 25.80 |
| NET Worth | 197.05 | 147.46 | 127.46 | |
| Reserves and Surplus | 177.05 | 149.73 | 100.31 | 80.56 |
| Total Borrowing | 30.13 | 50.07 | 60.13 | 35.83 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the Proposed Expansion | 150.00 |
| 2 | Purchase of tinting machines and gyroshakers | 50.00 |
| 3 | Repayment/prepayment of all or certain of our borrowings | 25.00 |
| 4 | General corporate purposes | 61.16 |
About Indigo Paints IPO
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 eq
Contact Details
Indigo Paints Ltd. AddressIndigo Tower, Street-5, Pallod Farm-2Baner Road, PuneBaner, Maharashtra, 41104591 20 6681 4300secretarial@indigopaints.comVisit Website