58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Indigo Paints Limited IPO (Indigo Paints IPO) Details

Indigo Paints Limited is an Chemical - Paint And Adhesives based company, located in Pune, Indigo Paints Limited IPO size was 1176.00 Cr. and was issued at 1490.00 per share. The share of Indigo Paints Limited were listed at 3118.65 per share and are currently trading at 1017.45 per share.

Type :
Sub Sector : Paint
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
520.48 Cr.

PAT :
54.42 Cr.

Pricing Report

Issue Price :
1490.00

Listing Price :
3118.65

Current Market Price :
1017.45

Issue Price vs CMP :
472.55 (31.71%)

listing Price vs CMP :
2101.2 (67.38%)

Performance Report (CAGR* wise)

CAGR : -8.67
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Indigo Paints

Company Information
Indigo Paints Limited is the fastest-growing among the top five paint companies in India and ranks as the fifth-largest in the Indian decorative paint industry in terms of revenue from operations for Fiscal 2020 (Source: F&S Report). It achieved this position in a highly competitive market through a multi-pronged strategy. This includes introducing differentiated products to create a distinct market niche, building brand equity for its primary consumer brand "Indigo," and establishing an extensive distribution network across 27 states and seven union territories as of September 30, 2020. The company initially targeted Tier 3, Tier 4 cities, and rural areas, where brand penetration is easier and dealers have more influence on customer purchase decisions (Source: F&S Report). The network was then expanded to include dealers
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Object of Issue
  • To meet the capital expenditure requirements for manufacturing facility expansion at Pudukkottai, Tamil Nadu
  • To purchase tinting machines and gyroshakers
  • To repay all or certain borrowings
  • To meet general corporate purposes

Indigo Paints MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Feb, 2021
IPO Size :
1176.00 Cr.
IPO Subscription :
117.02 X     
PE Multiple :
130.00
Merchant Banker :
Edelweiss Financial Services Limited
IPO Registrar:
Link Intime India Private Limited
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FAQs

Indigo Paints operates in Chemical - Paint And Adhesives and Paint. The Issue is listed on BSE,NSE in Feb, 2021. Indigo Paints IPO size was 1176.00 Cr. with Issue price of 1490.00 .

Merchant Banker(s) of Indigo Paints IPO: Edelweiss Financial Services Limited , ICICI Securities Limited , Kotak Mahindra Capital Company Limited

Indigo Paints IPO subscription was 117.02 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Indigo Paints IPO listed at a listing price of 3118.65 against the offer price of 1490.00.

The current market price of Indigo Paints is 1017.45.

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