Indigo Paints Ltd IPO is going to hit the market on 20 January and IPO closes on 22 January.Sequoia Capital-backed Indigo Paints Ltd get approval from markets regulator SEBI to raise about Rs 1,000 crore through an initial public offering ( IPO ).
The IPO comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital, through its two funds SCI Investments IV and SCI Investments V, and promoter, Hemant Jalan, according to the draft red herring prospectus (DRHP).
Net proceeds from the issue would be used for expansion of the existing manufacturing facility at Pudukkottai in Tamil Nadu, for purchasing of tinting machines and gyro shakers and repayment/prepayment of borrowings.
According to market sources, the initial public offering (IPO) is expected to fetch Rs 1,000 crore.
Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities are the book running lead managers to the issue.
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Indigo Paints IPO Review:
Indigo Paints IPO Dates & Price Band:
||Indigo Paints Ltd
||Book Built Issue IPO
||Issue Opens: January 20, 2021
|Issue Closes: January 22, 2021
||₹ 1488-1490 Per Share
||₹1000 Crores (Approx.)
||Rs.10 per Equity Share
|Maximum Bid amount for Retail
||Rs. 2 Lakhs
||50% of the issue size
||15% of the issue size
|Retail Individual Bidders
||35% of the issue size
|Offer for Sale
||NSE & BSE
Category-wise Break up of Indigo Paints IPO
- Total Issue: 58,40,000 Shares = 1000 Crores.
Indigo Paints IPO Tentative Timetable
The Indigo Paints IPO open date is , and the close date is . The issue may list on .
|IPO Open Date
||20 Jan , 2021
|IPO Close Date
||22 Jan , 2021
|Basis of Allotment Date
||28 Jan , 2021
|Initiation of Refunds
||29 Jan , 2021
|Credit of Shares to Demat Account
||01 Feb , 2021
|IPO Listing Date
||02 Feb , 2021
Indigo Paints IPO Market Lot:
|Minimum Lot Size:
||Minimum 10 Shares
|Maximum Lot Size:
||Maximum 130 Shares
Indigo Paints IPO financial performance (in INR Crore)
| ₹ in INR Crore
Indigo Paints IPO Allotment & Listing:
Basis of Allotment:
January 28, 2021
|January 29, 2921
Credit to Demat Account:
|February 01, 2021
Indigo Paints IPO Form:
How to apply the Indigo Paints IPO? You can apply Indigo Paints Ltd 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.
About Indigo Paints Company:
Indigo Paints manufacture a complete range of decorative paints including emulsions, enamels, wood coatings, distemper, primers, putties and cement paints. Indigo Paints also identify potential product needs from customers and introduce differentiated products to meet these requirements, and create a distinct market for our products. For instance, we are the first company to manufacture and introduce certain differentiated products in the decorative paint market in India, which includes our Metallic Emulsions, Tile Coat Emulsions,Bright Ceiling Coat Emulsions, Floor Coat Emulsions, Dirt proof & Waterproof Exterior Laminate, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel (together, “Indigo Differentiated Products”) (Source: F&S Report). These products are differentiated based on the end-use they cater to, as well as added properties that they possess. Revenue generated, i.e. invoicing as per contracted price, from sales of Indigo Differentiated Products represented 26.68%, 27.58%, and 28.62% of our total revenue from operations in Fiscal 2018, 2019 and 2020, respectively. As the first company in India to develop these products, we have had an early mover advantage in the markets we are present in, which has allowed us to realize relatively higher margins for these products compared to the rest of our product portfolio.
- Hemant Jalan
- Anita Jalan
- Parag Jalan
- Kamla Parsad Jalan
- Tara Devi Jalan
- Halogen Chemical Pvt Ltd
Indigo Paints IPO Registrar:
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Note: Indigo Paints LTD IPO allotment status on -website allotment URL. Click Here
Indigo Paints IPO Lead Managers:
- Kotak Mahindra Capital Company Limited
- Edelweiss Financial Services Ltd
- ICICI Securities Ltd
103, Montreal Tower,
Behind Mauli Petrol Pump,
Baner Road, Pune – 411 045,
Ph.: 020 6681 4300
Indigo Paints IPO FAQs:
When Indigo Paints IPO will open for Anchor Investors?
The Anchor Investors bidding will open on 18 January 2021
When Indigo Paints IPO will open for QIB, NII, and Retail?
The IPO is open on 20 January 2021 decided for QIB, NII, and Retail Investors.
What is Indigo Paints IPO Investors Portion?
The investors’ portion for QIB–50%, NII–15%, and Retail–35%.
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.
What is Indigo Paints IPO Allotment Date?
Indigo Paints IPO allotment date is 28 January 2021. You can check IPO allotment here.
What is Indigo Paints IPO Listing Date?
Indigo Paints IPO listing date is 02 February 2021. The IPO to list on NSE and BSE.