
Indigo Paints Ltd IPO
Mainboard₹14,900 / 10 Shares
Indigo Paints Ltd IPO Details
The Indigo Paints Ltd IPO price band is set between ₹1488-1490 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 20 Jan, 2021 and closes on 22 Jan, 2021. Investors can check the allotment status on 29 Jan, 2021, while the listing date is tentatively scheduled for 2 Feb, 2021.
The total issue size is Total Equity Shares 78,92,617 of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 1,170.00/- CrFresh Issue of 20,13,423 Equity Shares of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 300.00/- CrOffer for Sale of , aggregating up to . Stay tuned for the latest Indigo Paints Ltd IPO review and GMP updates.
Indigo Paints Ltd IPO Review, Rating & Analysis
Indigo Paints Ltd IPO Review
NO REVIEWIndigo Paints Ltd IPO Rating
Indigo Paints Ltd IPO Highlights
IPO Date
Jan 20, 2021 - Jan 22, 2021
Listing Date
2 Feb, 2021
Face Value
₹10 Per Equity Share
Price Band
₹1488-1490 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Indigo Paints Ltd IPO Lot Size
The minimum market lot for Indigo Paints Ltd IPO is 10 shares with an application amount of ₹14,900. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹14,900 |
| Retail (Max) | 13 | 130 | ₹1,93,700 |
| S-HNI (Min) | 14 | 140 | ₹2,08,600 |
| S-HNI (Max) | 67 | 670 | ₹9,98,300 |
| B-HNI (Min) | 68 | 680 | ₹10,13,200 |
Indigo Paints Ltd IPO Timeline
Issue Price
₹1488-1490 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Kotak Mahindra Capital Company Limited, Edelweiss Financial Services Limited, ICICI Securities ltdIssue Size
Total Equity Shares 78,92,617 of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 1,170.00/- CrFresh Issue of 20,13,423 Equity Shares of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 300.00/- CrOffer for Sale ofPromoters & Share Holding
Promoter(s) Name
- Hemant Jalan
- Anita Jalan
- Parag Jalan
- Kamala Prasad Jalan
- TaraDevi Jalan
- Halogen Chemicals Pvt ltd
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 60.05% | 54% |
About Company
Indigo Paints is the fastest growing amongst the top five paint companies in India. We are the fifth largest company in the Indian decorative paint industry in terms of its revenue from operations for Fiscal 2020.
It has achieved this position in a highly competitive Indian decorative paint industry on the back of its multi-pronged approach. This includes introducing differentiated products to create a distinct market in the paint industry, building brand equity for its primary consumer brand of “Indigo”, creating an extensive distribution network across 27 states and seven union territories as of September 30, 2020, and installing tinting machines across its network of dealers. To create demand for its differentiated products, it initially tapped into Tier 3, Tier 4 Cities, and Rural Areas, where brand penetration is easier and dealers have greater ability to influence customer purchase decisions . Indigo Paints subsequently leveraged this network to engage with dealers in Tier 1 and Tier 2 Cities and Metros as well. The company engaged Mr. Mahendra Singh Dhoni, a sportsperson with pan-India appeal, as its brand ambassador, to enhance its brand image amongst end customers.
Frequently Asked Questions about Indigo Paints Ltd IPO IPO
When will Indigo Paints Ltd IPO open for subscription?
The Indigo Paints Ltd IPO opens on 20 Jan, 2021 and closes on 22 Jan, 2021.
What is the investors portion for Indigo Paints Ltd IPO?
The investors' portion for QIB is N/A%, NII is N/A%, and Retail is N/A%.
How to apply for Indigo Paints Ltd IPO?
You can apply for Indigo Paints Ltd IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Indigo Paints Ltd IPO?
The issue size of Indigo Paints Ltd IPO is approx ₹Total Equity Shares 78,92,617 of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 1,170.00/- CrFresh Issue of 20,13,423 Equity Shares of Rs 10/- at price of Rs 1488/- to Rs 1490/- with aggregating up to Rs 300.00/- CrOffer for Sale of crores.
What is the price band of Indigo Paints Ltd IPO?
The price band for Indigo Paints Ltd IPO is ₹1488 to ₹1490 per equity share.
What is the lot size of Indigo Paints Ltd IPO?
The minimum bid (lot size) for Indigo Paints Ltd IPO is N/A shares with an investment of approx ₹14,900 .
What is the allotment date of Indigo Paints Ltd IPO?
The allotment date for Indigo Paints Ltd IPO is 29 Jan, 2021.
What is the listing date of Indigo Paints Ltd IPO?
The listing date for Indigo Paints Ltd IPO is expected to be 2 Feb, 2021.
What is the GMP of Indigo Paints Ltd IPO?
The latest Grey Market Premium (GMP) for Indigo Paints Ltd IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
