| Issue Date | 20 Jan 2021 - 22 Jan 2021 |
| Issue Size | ₹1176.0 Cr |
| Issue Price | ₹1488-1490 |
| Market Lot | 10 Shares |
| Shares on Offer | 5,840,000 |
| Registrar | Link Intime |
| GMP | ₹750-800 |
| Kostak | ₹800 |
| Subject to Sauda | ₹8000 |
| Listing Date | 02 Feb 2021 |
| Listing Price | ₹2607.5 |
| Listing Gain% | 75 |
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.
Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan and Halogen Chemicals Private Limited are the promoters of the company.
| Particulars | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Total Assets (In ₹ Millions) | 4,219.59 | 3,731.83 | 2,973.94 |
| Total Revenue (In ₹ Millions) | 6,264.36 | 5,372.62 | 4,031.05 |
| Profit After Tax (PAT) (In ₹ Millions) | 478.15 | 268.70 | 128.62 |
| Date | GMP | Kostak | Subject to Sauda |
|---|---|---|---|
| 31 Jan 2021 | ₹750-800 | ₹800 | ₹8000 |
| 28 Jan 2021 | ₹600-625 | ₹600 | ₹6000 |
| 26 Jan 2021 | ₹780-790 | ₹800 | ₹8000 |
| 22 Jan 2021 | ₹870-875 | ₹900-950 | ₹8500 |
| 21 Jan 2021 | ₹833-837 | ₹850 | ₹8000 |
| 19 Jan 2021 | ₹800-825 | ₹800 | ₹8000 |
| 15 Jan 2021 | ₹840-850 | ₹825-850 | ₹7300-7500 |
| 13 Jan 2021 | ₹820-825 | ₹850 | ₹7300-7500 |
| Strength |
|---|
| Profitable company and profit is increasing year on year since 2018 according to company financials. |
| Revenue of the company is increasing year on year since 2018 according to company financials. |
| Total assets of the company has increased almost 40% - 50% in 2020 in comparison to 2018. |
| The subject to Sauda and gmp is very high, suggesting there will be a high listing gain. |
| Weakness |
|---|
| No weakness to report as such but the profit margin is 5 - 7% |
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - 20 Jan | 0.11 | 1.10 | 3.29 | 1.90 |
| Day 2 - 21 Jan | 3.86 | 5.38 | 10.35 | 7.36 |
| Day 3 - 22 Jan | 189.57 | 263.05 | 15.93 | 117.02 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusIndigo Paints Limited IPO will open on 20 Jan 2021 and close on 22 Jan 2021.
Indigo Paints Limited IPO will list on 02 Feb 2021.
The offer price of Indigo Paints Limited IPO is ₹1488-1490.
The lot size of Indigo Paints Limited IPO is 10.
The Grey Market Premium (GMP) price of Indigo Paints Limited IPO is ₹750-800.
The Kostak price of Indigo Paints Limited IPO is ₹800.
The Subject to Sauda price for Indigo Paints Limited IPO is ₹8000.
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