Indigo Paints IPO Allotment and Listing
Indigo Paints Limited IPO received stellar response across all investor categories – QIB, NII and RII. Indigo Paints Limited raised a total of ₹1,170.16 crores from this issue, which consisted of a fresh issue of ₹300 crores and an offer for sale of ₹870.16 crores by the promoter and selling shareholders. The issue was subscribed 117 times by investors, resulting in the final allocation of shares by a lottery system.
LinkIntime, the registrar of the issue, is expected to finalize Indigo Paints IPO allotment on 28/01/2021. To check your Indigo Paints IPO allotment status please follow the instructions shared below.
Final Subscription Status
| Investor Category | Quota | Subscription |
|---|---|---|
| Institutional (QIB) | 50% | 189.567x |
| Non-Insti. (HNI) | 15% | 263.049x |
| Retail (RII) | 35% | 15.931x |
| Employee | – | 2.490x |
| Total Subscription | 100% | 117.021x |
Indigo Paints IPO Allotment and Listing Dates
| Date Type | Date |
|---|---|
| Allotment Finalization | 28/01/2021 |
| Initiation of Refunds | 29/01/2021 |
| Credit of Shares | 01/02/2021 |
| Listing Date | 02/02/2021 |
Instructions for checking Indigo Paints IPO allotment Status
Option 1: Via Registrar Website
- Visit the Registrar website using this link – LinkinTime
- You have three tabs to choose from based on the input details you would like to provide – PAN, Application or DP ID
- By default, it lands on the PAN Page.
- Select Indigo Paints Limited from the initial dropdown
- Enter your PAN number in the second dropdown and hit Search, you can enter the respective Application No and DP ID if you want to try through the other tabs
- If you have received the allotment you will see the following details – Your name, Securities applied, Cutoff Price, Securities allotted and Amount adjusted
- If you have not received the allotment or if you are trying before the allotment gets finalized, you will see the “No records Found” window
Option 2: Via BSE Website
- Visit the BSE website using this link – BSE India
- Select the Equity radio button for issue type
- Select Indigo Paints Limited from the Issue Name dropdown
- Enter your Application Number and Pan Number and hit Search
- If you have received the allotment you will see the following details – Your name, Securities applied, Cutoff Price, Securities allotted and Amount adjusted
- If you have not received the allotment or if you are trying before the allotment gets finalized, you will see the “No records Found” window
Other Key IPO Details
Company Overview
Indigo Paints Limited, incorporated in 2000, is the fifth largest company in the Indian decorative paint industry in terms of revenue from operations for fiscal 2020 (Source: F&S Report). They are also the fastest company among the top five companies.
Company Financials
| 2018 | 2019 | 2020 (Mar) | 2020 (Sep) | |
|---|---|---|---|---|
| Revenue from Ops | 401.48 Cr | 535.63 Cr | 624.79 Cr | 259.42 Cr |
| Profit before Tax | 12.55 Cr | 33.71 Cr | 67.43 Cr | 35.2 Cr |
| EPS (Basic) | 2.88 | 5.98 | 10.61 | 6.03 |
Issue Size and details
| Type | Value |
|---|---|
| Issue Size | ₹1,170.16 Cr |
| Face Value | ₹10/- per Equity Share |
| IPO Price | ₹1,488 – ₹1,490 |
| Lot Size | 10 |
| Lots | Min 1 – Max 13 |
Day-Wise Subscription Status
| Day | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.102x | 3.854x | 189.567x |
| HNI | 1.097x | 5.386x | 263.049x |
| Retail | 3.291x | 9.562x | 15.931x |
| Employee | 0.724x | 1.808x | 2.490x |
| Total | 1.897x | 6.969x | 117.021x |
