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Indigo Paints Limited

Indigo Paints is one of the fastest-growing paint companies in India and ranks as the 5th largest in the decorative paint industry by revenue. The company manufactures a wide range of decorative paints including enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints, and was the first to introduce 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, with sales from these products growing from 26.68% in 2018 to 28.62% in fiscal 2020. Indigo Paints has a strong dealer network across Tier 1, Tier 2, and metro cities, with three manufacturing facilities in Jodhpur, Kochi, and Pudukkottai, and plans to expand the Pudukkottai facility to produce water-based paints.

₹1,488 - ₹1,490Open
Listed Price2607.50
Listing Gain+75.00%
TimelineBookbuilding IPO
Open20 Jan 2021
Close22 Jan 2021
Allotment28 Jan 2021
Listing02 Feb 2021

Quota Reservation Portions

QIBPortion: 38,91,710 shares
49.55%
HNIPortion: 11,67,514 shares
14.87%
RetailPortion: 27,24,198 shares
34.69%
EmployeePortion: 70,000 shares
0.89%

Minimum Application Bracket Matrix

Retail1 lots / 10 shares
₹14,900
sHNI14 lots / 140 shares
₹2,08,600
bHNI67 lots / 680 shares
₹10,13,200

About the Company

Indigo Paints is one of the fastest-growing paint companies in India and ranks as the 5th largest in the decorative paint industry by revenue. The company manufactures a wide range of decorative paints including enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints, and was the first to introduce 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, with sales from these products growing from 26.68% in 2018 to 28.62% in fiscal 2020. Indigo Paints has a strong dealer network across Tier 1, Tier 2, and metro cities, with three manufacturing facilities in Jodhpur, Kochi, and Pudukkottai, and plans to expand the Pudukkottai facility to produce water-based paints.

Company Promoters

Hemant JalanAnita JalanParag JalanKamala Prasad JalanTaraDevi JalanHalogen Chemicals Pvt ltd