Indigo Paints IPO Reviews, Dates, Price Band, Market Lot & Financial Details.

Indigo Paints IPO has been announced and it opens on 20 January and closes on 22 January 2021. Indigo Paints is backed by Sequoia Capital for 1000 Cr for this IPO. The IPO includes the new issue of ₹300 crores and offers available to be purchased of up to 58,40,000 offers by Sequoia Capital. As per market sources, the IPO is relied upon to bring ₹1,000 crores from the essential market. The organization is situated in Pune. They are assembling beautiful paints and have a broad circulation network across India. As of September 30, 2020, they have three assembling offices situated in Rajasthan, Kerala, and Tamil Nadu.

Indigo Paints IPO Dates & Price Band:

Open Date20th January 2021
Close Date22nd January 2021
Total Size of IPO₹1176 Cr.
Face Value₹10 
Price Band ₹1488 to ₹1490 Per Share 
Listing onBSE & NSE
Retail Investor’s Portion 35%

Indigo Paints IPO Market Lot:

ApplicationLotSharesCut Off Amount
Minimum (RII)110 Shares₹14900
Maximum (HNI)13130 Shares₹193700

Indigo Paints IPO Allotment & Listing Dates:

Allotment Date for Indigo Paints – 28th January 2021
Refund Date for Indigo Paints – 29th January 2021
Credit of Shares to Demat Account – 01st February 2021
Listing Date for Indigo Paints – 02nd February 2021

Applying Indigo Paints IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully.  You have to submit your filled form to the bank or broker.

Objectives of Issue:

  • To meet the capital use prerequisites for assembling office extension at Pudukkottai, Tamil Nadu
  • To buy coloring machines and gyroshakers.
  • To reimburse all or certain borrowings.
  • To meet general corporate purposes.

Financials of Indigo Paints:

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT (₹ in Cr.)
201840338913.2
201953750327.0
202062655947.7

Our Team’s Perspective:

Overall valuation and financials of the company are looking attractive. It would be a good play for the long term.
NOTE: Consult your financial advisor before applying for IPO.

Indigo Paints IPO FAQs:

When will Indigo Paints IPO open for Investors?

Indigo Paints IPO will open on the 20th January and will close on the 22nd January.

What is Indigo Paints IPO Retail Portion?

The portion allocated for retail investors in Indigo Paints IPO is 35%.

What is Indigo Paints IPO Lot Size?

Lot Size for Indigo Paints IPO is ₹1176 Crore.

What is the cutoff price for Indigo Paints IPO?

The cutoff price for Indigo Paints IPO is ₹1490.

What is the Indigo Paints Price band?

Indigo Paints IPO Price band is  ₹1488 to ₹1490.

How to apply for Indigo Paints IPO?

You can apply Indigo Paints IPO in 3 ways:
1. Open a Demat account through a bank or brokerage firm and apply through it.
2. Apply via the ASBA application online through your bank.
3. Fill up the offline IPO form and submit it to the bank or broker.

What is the allotment date for Indigo Paints IPO?

 28 January 2021 is the allotment date for Indigo Paints IPO.

What is the listing date for Indigo Paints IPO?

02 February 2021 is the listing date for Indigo Paints IPO. It will be listed on NSE and BSE.

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