Loading...
Guest User
Welcome! Please login.
| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹1169.12 Cr |
| Fresh Issue | ₹299.73 Cr |
| Offer for Sale | ₹869.39 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹1488.00-1490.00 per share |
| Discount | Retail: 0.00,Employee: 148.00 |
| BSE Code | 543258 |
| NSE Code | INDIGOPNTS |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Kotak Mahindra Capital Co.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 10 shares and in multiples thereof
Indigo Paints is one of the fastest-growing paint companies in India and in terms of revenue, it is the 5th largest company in the decorative paint industry. The company is engaged in manufacturing different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints.
It is the first company that started manufacturing certain 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. The sales from these differentiated products are continuously growing as it was 26.68% in 2018 increased to 28.62% in fiscal 2020.
Indigo Paints has a strong market network with dealers in Tier 1, Tier 2, and Metros as well. It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). It is further looking to expand its manufacturing capacities at Pudukkottai to manufacture water-based paints.
Company Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the Proposed Expansion | 150.00 |
| 2 | Purchase of tinting machines and gyroshakers | 50.00 |
| 3 | Repayment/prepayment of all or certain of our borrowings | 25.00 |
| 4 | General corporate purposes | 61.16 |
| Period Ended | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 411.29 | 421.96 | 373.18 | 297.39 |
| Total Income | 260.24 | 626.44 | 537.26 | 403.11 |
| Profit After Tax | 27.21 | 47.82 | 26.87 | 12.86 |
| EBITDA | 48.09 | 90.99 | 54.09 | 25.80 |
| NET Worth | 197.05 | 147.46 | 127.46 | |
| Reserves and Surplus | 177.05 | 149.73 | 100.31 | 80.56 |
| Total Borrowing | 30.13 | 50.07 | 60.13 | 35.83 |
| Amount in ₹ Crore | ||||
