Indigo Paints Limited

About the company

India's decorative paint market—dominated by the likes of Asian Paints, Berger Paints and Kansai Nerolac—stands at 's nearly ₹40,300 crore. Indigo Paints, which has just gone public, is the fifth largest player in this business, with a market share of 2%. The company started operations in 2000 and caters to categories such as interior and exterior emulsions, wood coatings, primers and ceiling and floor coats. As of 30 September 2020, the company's distribution network spans across 27 states and seven union territories. It owns three manufacturing facilities located in Pudukkottai (Tamil Nadu), Jodhpur (Rajasthan), and Kochi (Kerala). Aggregate estimated installed production capacity from these three plants comes to 101,903 kilo litres per annum for liquid paints and 93,118 metric tonnes per annum for putties and powder paints.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   20 Jan 2021

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   22 Jan 2021

   Last day to place your bid

3. Basis of Allotment

   Completed
   22 Jan 2021

   Share allotment finalised

4. Refund Initiation

   Completed
   29 Jan 2021

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   28 Jan 2021

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   02 Feb 2021

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.