Indigo Paints Limited

January 15, 2021

This is to inform you that Indigo Paints Limited is coming out with a public issue to raise Rs.1169 crore from the market.

The issue opens on January 20 and closes on January 22, 2021.

Details of the Indigo Paints Limited IPO

Company Details :
  • Indigo Paints Limited is the fastest growing amongst the top five paint companies in India. Company is the fifth largest company in the Indian decorative paint industry in terms of its revenue from operations for Fiscal 2020 (Source: F&S Report).
  • Company manufacture a complete range of decorative paints including emulsions, enamels, wood coatings, distempers, primers, putties and cement paints. Company also identify potential product needs from customers and introduce differentiated products to meet these requirements, and create a distinct market for its products.
  • Indigo Paints Limited is the first company to manufacture and introduce certain differentiated products in the decorative paint market in India, which includes Metallic Emulsions, Tile Coat Emulsions, Bright Ceiling Coat Emulsions, Floor Coat Emulsions, Dirtproof & Waterproof Exterior Laminate, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel (together, “Indigo Differentiated Products”) (Source: F&S Report).
  • As of September 30, 2020, Company own and operate three manufacturing facilities located in Jodhpur (Rajasthan), Kochi (Kerala) and Pudukkottai (Tamil Nadu) with an aggregate estimated installed production capacity of 101,903 kilo litres per annum (“KLPA”) for liquid paints and 93,118 metric tonnes per annum (“MTPA”) for putties and powder paints
Issue Period : Issue opens on: Wednesday, January 20, 2021
Issue closes on: Friday, January 22, 2021
Price Band : Rs.1488 to Rs.1490 per equity share
Bid Lot : 10 shares and in multiples thereof
Employee Discount : Rs. 148 - per equity shares
Issue Size : Rs.1169 crore
Employee Reservation : Upto 70000 equity shares
Issue break-up : QIB - 50 % of the Net offer – Rs. 580 crore
NIB - 15 % of the Net offer - Rs. 174 crore
RET - 35 % of the Net offer - Rs. 406 crore
Listing : NSE & BSE
Registrar : Link Intime India Private Limited.
UPI : All Retail Applications through brokers are compulsorily in UPI Mode

Watch these 4 videos to know how to apply for the Indigo Paints Limited IPO online easily

Step 1: Create an UPI ID

Create UPI ID

How to Create UPI ID CTA
Step 2: Apply for IPO online using mobile app or website

Step 3: Authorise UPI mandate to block payment

Authorised UPI ID

Authorised UPI ID CTA

Remember these points while applying for IPOs

  • With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
  • You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
  • Currently, UPI works on the following mobile applications:
    Name of App (Supported Platforms) VPA Handle
    BHIM Baroda Pay (only Android) @BARODAMPAY
    BHIM Oriental Pay (Only Android) @obc
    BHIM RBL Pay (Android & iOS) @rbl
    BHIM (android & iOS) @upi
    BHIM ALLBANK UPI (only Android) @allbank
    BHIM Axis Pay (only android) @axisbank
    BHIM IndusPay (only Android) @indus
    BHIM Lotza UPI (only Android) @federal
    BHIM SBIPay (only android) @sbi
    Citi Mobile (android & iOS) @citi & @citigold
    Google Pay (android & iOS) @okhdfcbank | @okaxis | @oksbi | @okicici
    HSBC Simply Pay (android & iOS) @hsbc
    iMobile by ICICI Bank (android users) @icici
    Kotak Mobile Banking App (Android) @kotak
    Phone-Pe (android & iOS) @ybl
    SIB Mirror+ (only Android) @sib
  • To avoid rejection, download the latest version of the app.
  • Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
  • As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
  • The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
  • If you forget the UPI PIN, simply reset it instead of entering a wrong one.
  • If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
  • There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
Published by Team Internal Communications
This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan.
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