Indigo Paints Ltd IPO Details,Gmp,Reviews

About Indigo Paints:

Started in the year 2000, Indigo Paints had a modest beginning. It started out with the manufacture of lower-end Cement paints, and gradually expanded its range to cover most segments of water-based paints like Exterior Emulsions, Interior Emulsions, Distempers, Primers, etc. From an early age, the Company spread its footprints across the country, with the rapid expansion of its reach across India. Today the Company stands out as one of the strongest contenders in the Indian paint industry, being rated as an innovative paint manufacturer, which keeps coming out with unique products never before offered in the country.

Indigo Paints Ltd IPO details

Subscription Dates 20 -22 January 2021
Price Band ₹1480 to ₹1500 Per Share
Fresh issue 300 INR CRORE
Offer For Sale 5,840,000 shares (INR864.32 – 876 crore)
Total IPO size INR 1176 crore
Minimum bid (lot size) 10 shares
Face Value  INR 10 per share
Retail Allocation 35%
Listing On NSE, BSE

 

Over time, the Company found its niche in the paint industry through innovation. It kept churning out bright new ideas for painting solutions, with alarming regularity. Gradually, the industry began looking upon the Company as a futuristic thinker and a storehouse of new product development. With changing times and trends, Indigo Paints revamped its identity showcasing a new wave of thinking by the Company.

A few years ago it clubbed all its multiple brands for different product categories into a single umbrella brand “INDIGO”. A new logo for the brand and the Company was created, which accurately reflected the core philosophy of the organization. The logo design was extended to all packaging design and other forms of corporate communication.

Indigo Paints IPO Market Lot:

 Minimum Lot Size:  Minimum 10 Shares
 Minimum Amount:  ₹15000
 Maximum Lot Size:  Maximum 130 Shares
 Maximum Amount:  ₹195000

Indigo Paints IPO Allotment & Listing:

 Basis of Allotment:  28 January 2021
 Refunds:  29 January 2021
 Credit to Demat Account:  01 February 2021
 Listing Date:  02 February 2021

Company Promoters:

  1. HEMANT JALAN
  2. ANITA JALAN
  3. PARAG JALAN
  4. KAMALA PRASAD JALAN
  5. TARA DEVI JALAN AND HALOGEN CHEMICALS PRIVATE LIMITED

Company Address:

Indigo Tower, Street-5, Pallod Farm-2,
Baner Road, Pune 411 045, Maharashtra, India
Tel: +91 20 6681 4300
Website: www.indigopaints.com
Contact Person: Sujoy Bose, Company Secretary and Compliance Officer;
E-mail: [email protected]

Indigo Paints IPO Grey Market Premium FAQs:

How much is Indigo Paints IPO GMP Today?

Indigo Paints IPO GMP is ₹800-820 as on today.

How much is Indigo Paints IPO Kostak Rate Today?

Indigo Paints IPO Kostak Rate is ₹850 as on today.

How much is Indigo Paints IPO Subject to Sauda Today?

Indigo Paints IPO Subject to Sauda is ₹7500 as on today.

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