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Issue Open Date
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20-Jan-21
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Issue Closing Date
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22-Jan-21
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Application Money
|
100
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Allotment Money
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Price Band
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1488
-
1490
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Minimium Application No.
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10
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Issue Size (Shares)
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7853422
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Market Lot
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1
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Objective
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The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale after deducting their proportion of Offer expenses and relevant taxes thereon. Our Company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1167514
|
307117820
|
263.052794227735
|
|
Qualified Institutional Buyers
|
1556690
|
295096470
|
189.566625339663
|
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Retail Individual Investors
|
2724198
|
43401190
|
15.9317311003092
|
|
|
|
|
Business Description
Indigo Paints is one of the fastest-growing paint companies in India and in terms of revenue, it is the 5th largest company in the decorative paint industry. The company manufactures a complete range of decorative paints including emulsions, enamels, wood coatings, distempers, primers, putties and cement paints. It also identify potential product needs from customers and introduce differentiated products to meet these requirements, and create a distinct market for its products. For instance, it is the first company to manufacture and introduce certain differentiated products in the decorative paint market in India, which includes its 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).
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Promoter's Holding
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Total Share Capital
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27356615
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Offered to Public
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7853422
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Promoter's Holding (Pre-Issue)
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60.05
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Promoter's Holding (Post-Issue)
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54
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Address |
Indigo Tower
Street-5
Pallod Farm-2
Baner Road
Pune,
Maharashtra,
411045
Phone : 020-66814300
Email : info@indigopaints.com
Website : www.indigopaints.com
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Edelweiss Financial Services Ltd
ICICI Securities Ltd
Kotak Mahindra Capital Co Ltd
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Promoters |
Anita Jalan
Halogen Chemicals Pvt Ltd.
Hemant Jalan
Kamala Prasad Jalan
Parag Jalan
Tara Devi Jalan
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|
