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.
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 Ltd IPO details
| Subscription Dates | 20 -22 January 2021 |
| Price Band | 1480-1500 Rs |
| Fresh issue | 300 Crore |
| Offer For Sale | 864.32 – 876 crore |
| Total IPO size | 1176 crore |
| Minimum bid (lot size) | 10 shares |
| Face Value | 10 Rs per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Indigo Paints IPO Market Lot
| Minimum Lot Size: | 10 Shares |
| Minimum Amount: | ₹15000 |
| Maximum Lot Size: | 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 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]