Indigo Paints IPO Live Subscription Status and Analyst Reviews

Live subscription status across each investor category and analyst recommendations
Indigo Paints IPO subscription

Indigo Paints IPO Subscription Status: Final

Investor CategoryQuotaSubscription
Institutional (QIB)50%189.567x
Non-Institutional (HNI)15%263.049x
Retail (RII)35%15.931x
Employee2.490x
Total Subscription100%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

DayDay 1Day 2Day 3
QIB0.102x3.854x189.567x
HNI1.097x5.386x263.049x
Retail3.291x9.562x15.931x
Employee0.724x1.808x2.490x
Total1.897x6.969x117.021x

Indigo Paints IPO Subscription: Key IPO Details

TypeValue
Issue Size₹1,170.16 Cr
Issue Open20/01/2020 10:00 AM
Issue Close22/01/2020 05:00 PM
Face Value₹10/- per Equity Share
IPO Price₹1,488 – ₹1,490
Lot Size10 shares
LotsMin 1 – Max 13
Price to Earnings (2020)Basic EPSP/E
Indigo Paints10.61140.43*
Asian Paints28.20109.23
Berger Paints6.76144.52
Sector P/E91.40
All values are as of Mar 2020, *Based on basic EPS at higher price band

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.

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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

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