Indigo Paints IPO Subscription Status: Final
| Investor Category | Quota | Subscription |
|---|---|---|
| Institutional (QIB) | 50% | 189.567x |
| Non-Institutional (HNI) | 15% | 263.049x |
| Retail (RII) | 35% | 15.931x |
| Employee | – | 2.490x |
| Total Subscription | 100% | 117.021x |
Indigo Paints Limited, incorporated in 2000, is the 5th largest company in the Indian decorative paint industry in terms of revenue from operations for fiscal 2020. They are also the fastest company among the top five companies.
Indigo Paints IPO Subscription: End of Day Update
| 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 |
Indigo Paints IPO Subscription: Key IPO Details
| Type | Value |
|---|---|
| Issue Size | ₹1,170.16 Cr |
| Issue Open | 20/01/2020 10:00 AM |
| Issue Close | 22/01/2020 05:00 PM |
| Face Value | ₹10/- per Equity Share |
| IPO Price | ₹1,488 – ₹1,490 |
| Lot Size | 10 shares |
| Lots | Min 1 – Max 13 |
| Price to Earnings (2020) | Basic EPS | P/E |
|---|---|---|
| Indigo Paints | 10.61 | 140.43* |
| Asian Paints | 28.20 | 109.23 |
| Berger Paints | 6.76 | 144.52 |
| Sector P/E | – | 91.40 |
Indigo Paints IPO: Analyst Recommendations
Angel Broking – SUBSCRIBE
Asian Paints and Berger Paints India are trading at PE of 111 and 148, respectively and Indigo Paints reported EPS of 10.49 valuing IPO at 149 at higher price band. “We expect the grey market premium of Indigo Paints to consolidate in a couple of days. We have a positive outlook towards the IPO”
LKP Securities – SUBSCRIBE
The company’s ROE & ROCE has also improved significantly to be at par with the industry leaders in the last five years.
IIFL Securities – Subscribe
Indigo Paints has rapidly scaled up to become the fifth largest player in a competitive, oligopolistic decorative-paints industry in India, delivering organic revenue CAGR of 29% in the past five years.
Indigo Paints IPO Subscription – FAQs
1. How to apply for Indigo Paints IPO in Retail Category?
A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account
2. How to apply for Indigo Paints IPO in HNI Category?
A: An investor can apply in HNI category only through the ASBA process via bank account
3. Where can I find the Red Herring Prospects (RHP) details?
A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP and DRHP
