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Indigo Paints IPO

One of India's fastest-growing paint companies, Indigo Paints' IPO will open on January 20, 2021. The Rs 1,176.00 crore IPO offers will contain both fresh scrips and offer for sale equities from the current promoters. The issuer plans to launch the shares in the price band of Rs 1488-1490 per share. A tentative listing date for the Indigo Paint IPO is February 2, 2021.

Indigo Paints Limited IPO


Indigo Paints Limited

IPO Date : 20th January 2021 - 22nd January 2021
Price Band
₹1488 to ₹1490 per equity share

Issue Size
₹1,168 Crore - ₹1,169 Crore

Face Value
₹10 per equity share

Market Lot

Listing At
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities

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In terms of revenue, Indigo Paints is the fifth-largest company in the segment of decorative paints. Started out in 2000, the company had a modest beginning, producing inexpensive cement paint. Presently, the company produces paints in almost all categories of water-based paints.

Indigo Paints has three manufacturing units, one each in Rajasthan, Kerala, and Tamil Nadu (Pudukkottai). According to DRHP, the company plans to enhance the production capacity of the Pudukkottai plant with the proceeds from the IPO.

Between FY2018 and FY 2020, Indigo Paints has nearly doubled its profit margin from 3.2 percent in FY18 to 7.7 percent in FY20 and well placed to outperform its peers in the near future. Strong brand equity value, well-diverse product portfolio, an extensive network of distributors, and experienced promoters are some of the key strengths of the company. According to the latest financial statements, Indigo Paints clocked a PTA of Rs 272.05 million during Q3 of FY2020.

Competitive strength

  • A wide product portfolio of different paint products
  • Robust performance and growth; the company is the fifth-largest in India in producing water-based decorative paint products
  • Strong market position and an extensive network of distributors
  • Strong financial and growth

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How to apply for Indigo Paints IPO :

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Indigo Paints IPO FAQs

What is an IPO?

Companies offer their shares to general investors for the first time through IPO. It is a process referring to offloading partial ownership of the company through the release of equity shares and getting listed in the stock exchanges.

What is Indigo Paints Limited IPO?

Indigo Paints offer size contains fresh shares and offer for sale equities from promoters. The company is looking to raise Rs 1,176 crores from the market by selling fresh shares worth Rs 300 crores and 5,840,000 offer for sale equity shares in the price band of Rs 1488-1490 per share.

How to apply in Indigo Paints Limited IPO through Angel One?

Current investors can log in to their investor portal and select Indigo Paints from the dropdown. They can make payment for their bid through UPI. Receive Indigo Paints IPO in Angel One Demat account. Apply here!

When will Indigo Paints Limited IPO open?

The IPO subscription window will remain open from January 20-22, 2021.

What is the lot size for Indigo Paints Limited IPO?

Investors can apply for a minimum quantity of 10 shares and increase their lot size up to 13 lots or 130 shares worth Rs 193,700.

How to apply for Indigo Paints Limited IPO?

Investors can apply through broking firms like Angel One or their banks. The current process of applying for IPOs has become online. Investors need to apply through Application Supported By Blocked Amount (ASBA), where the bank blocks the fund in the applicant's account for the extent of application money until completion of the finalisation of allotment process. Apply for Indigo Paints IPO from Angel One Demat account. Apply here.

When will IRFC IPO get allocated?

Tentative date of finalisation of basis of allotment is January 28, 2021.

When is Indigo Paints Limited IPO listing date?

The shares will get listed in the bourses on February 2, 2021.

How to pay for Indigo Paints Limited IPO using UPI?

All online applicants must make payment for Indigo Paints IPO through UPI. Link your bank account to UPI payment platforms like BHIM or Google Pay. While making payment for Indigo Paints IPO, you will receive a payment mandate in your UPI handle. Approve the mandate to complete the payment process.

How will I receive the Indigo Paints Limited IPO?

The issuer will credit the shares directly to your Demat account. Don't have a Demat? Get your Demat account with us. Click here.

How to apply for Indigo Paints IPO

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