Monday, January 04, 2021

Indigo Paints IPO Date, Review, Price Band, Form & Market Lot Details

Indigo Paints IPO date is 20 January and closes on 22 January 2021. Indigo Paints is backed by Sequoia Capital and coming up with ₹1000 crore IPO. The IPO comprises fresh issue of ₹300 crore and offer for sale of upto 58,40,000 shares by Sequoia Capital. According to market sources, the IPO is expected to fetch ₹1,000 crore from the primary market. The company is based in Pune. They are manufacture of decorative paints and has an extensive distribution network across India. As of September 30, 2020, they have three manufacturing facilities located in Rajasthan, Kerala and Tamil Nadu. Check out Indigo Paints IPO Dates, Price Band and Market Lot Details.

Indigo Paints Logo



    Indigo Paints IPO Review:

    • Apply for Listing Gain & Long Term Gain

    Indigo Paints IPO Date & Price Band:

     IPO Open:  20 January 2021
     IPO Close:  22 January 2021
     IPO Size:  Approx ₹1176 Crore (Approx)
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹1488 to ₹1490 Per Share 
     Listing on:  BSE & NSE
     Retail Portion:  35%
     Equity:  5,840,000 Shares

    Indigo Paints IPO Market Lot:

     Minimum Lot Size:  Minimum 10 Shares
     Minimum Amount:  ₹14900
     Maximum Lot Size:  Maximum 130 Shares
     Maximum Amount:  ₹193700

    Indigo Paints IPO Allotment & Listing:

     Basis of Allotment:  28 January 2021
     Refunds:  29 January 2021
     Credit to Demat Account:  01 February 2021
     Listing Date:  02 February 2021

    Indigo Paints IPO Form:

    How to apply the Indigo Paints IPO? You can apply Indigo Paints IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Indigo Paints IPO in the Invest section. The other option you can apply Indigo Paints IPO via IPO forms download via NSE and BSE. Check out the Indigo Paints forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

    Indigo Paints Company Financial:

      ₹ in Crore

    Revenue Expense PAT
    2017 - - -
    2018 403 389 13.2
    2019 537 503 27.0
    2020 626 559 47.7
    2021 - H1
    260 225 27.2

    Company Promoters:

    • HEMANT JALAN, ANITA JALAN, PARAG JALAN, KAMALA PRASAD JALAN, TARA DEVI JALAN AND HALOGEN CHEMICALS PRIVATE LIMITED

    About Indigo Paints:

    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.

    Over time, the Company found its niche in the paint industry through innovation. It kept churning out bright new ideas for painting solutions, with alarming regularity. Gradually, the industry began looking upon the Company as a futuristic thinker and a storehouse of new product development.

    With changing time and trends, Indigo Paints revamped its identity showcasing a new wave of thinking by the Company. A few years ago it clubbed all its multiple brands for different product categories into a single umbrella brand “INDIGO”. A new logo for the brand and the Company was created, which accurately reflected the core philosophy of the organization. The logo design was extended to all packaging design and other forms of corporate communication.


    Quick Links:

    DRHP Draft Prospectus
    RHP Draft Prospectus

    Indigo Paints IPO Registrar:

    Link Intime India Private Limited
    C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai
    400 083 Maharashtra, India
    Tel: +91 22 4918 6200
    E-mail: indigopaints.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Investor grievance ID:
    indigopaints.ipo@linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration No.: INR000004058
    Note: Check Indigo Paints IPO allotment status on Linkintime website allotment URL. Click Here

    Indigo Paints IPO Lead Managers:

    • Kotak Mahindra Capital Company Limited
    • Edelweiss Financial Services Limited
    • ICICI Securities Limited

    Company Address:

    Indigo Tower, Street-5, Pallod Farm-2,
    Baner Road, Pune 411 045, Maharashtra, India
    Tel: +91 20 6681 4300
    Website: www.indigopaints.com
    Contact Person: Sujoy Bose, Company Secretary and Compliance Officer;
    E-mail: secretarial@indigopaints.com

    Indigo Paints IPO FAQs:


    When Indigo Paints IPO will open for QIB, NII, and Retail?

    The IPO is to open on 20 January 2021 for QIB, NII, and Retail Investors.

    What is Indigo Paints IPO Investors Portion?

    The investors' portion for QIB-50%, NII-35%, and Retail 10%.

    How to Apply the Indigo Paints IPO?

    You can apply Indigo Paints IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Burger King IPO through Zerodha?

    Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Indigo Paints". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

    What is Indigo Paints IPO Size?

    Indigo Paints IPO size is ₹1176 crore.

    What is Indigo Paints IPO Price Band?

    Indigo Paints IPO Price Band is ₹1488 - ₹1490.

    What is Indigo Paints IPO Minimum and Maximum Lot Size?

    The minimum bid is 10 Shares with ₹14900 amount while maximum bid is 130 shares with ₹193700.

    What is Indigo Paints IPO Allotment Date?

    Indigo Paints IPO allotment date is 28 January 2021.

    What is Indigo Paints IPO Listing Date?

    Indigo Paints IPO listing date is 02 February 2021. The IPO to list on BSE and NSE.

    Note: The Indigo Paints IPO price band and date will be added as it will be officially announced. The IPO grey market premium (Indigo Paints IPO GMP) will be added on the grey market page as it will start)

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