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INDIGOPNTSEQ / NSE, BSEListed
Indigo Paints

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 Price₹2607.50
Listing Gain+75.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open20 Jan 2021
Close22 Jan 2021
Allotment28 Jan 2021
Listing02 Feb 2021

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB38,91,710 shares
49.55%
HNI11,67,514 shares
14.87%
Retail27,24,198 shares
34.69%
Employee70,000 shares
0.89%

Minimum Application Lots

Retail1 Lot (10 shares)
₹14,900
sHNI14 Lots (140 shares)
₹2,08,600
bHNI67 Lots (680 shares)
₹10,13,200

Company Promoters

Hemant JalanAnita JalanParag JalanKamala Prasad JalanTaraDevi JalanHalogen Chemicals Pvt ltd

Company Background

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 Meta...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sept-20)₹2602.43 Cr
Growth-35.4%
Revenue Trend (₹ in Crores)
0.02.4k4.8k7.2kMar-18Mar-19 Mar-20Sept-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sept-202,602.43272.054,112.910
Mar-206,264.36478.154,219.590
Mar-19 5,372.62268.703,731.830
Mar-184,031.05128.622,973.940

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
28 Jan 2021
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
02 Feb 2021

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Indigo Paints. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization28 Jan 2021Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date02 Feb 2021Trading commences on exchange

How to Check Indigo Paints Allotment Online

1Open Portal

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2Select Company

Select Indigo Paints from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

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About Indigo Paints IPO

Complete issue overview for Indigo Paints (INDIGOPNTS) IPO. The issue features an equity share price band of ₹1488 – ₹1490 per share with a minimum retail lot size of 10 Shares (minimum application amount of ₹14,900). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions