Indigo Paints Limited
ListedMainboardMaterials & Chemicals · NSE / BSE
Indigo Paints is one of the fastest-growing paint companies in India and ranks as the 5th largest in the decorative paint industry by revenue. The company manufactures a wide range of decorative paints including enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints, and was the first to introduce differentiated products like Metallic Emulsions, Bright Ceiling Coat Emulsions, Tile Coat Emulsions, Dirtproof & Waterproof Exterior Laminate, Floor Coat Emulsions, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel, with sales from these products growing from 26.68% in 2018 to 28.62% in fiscal 2020. Indigo Paints has a strong dealer network across Tier 1, Tier 2, and metro cities, with three manufacturing facilities in Jodhpur, Kochi, and Pudukkottai, and plans to expand the Pudukkottai facility to produce water-based paints.
Price Band
₹1488 – ₹1490
Issue Size
₹1176 Cr
Lot Size
10 shares
GMP
₹750
+50.3%
Est. Listing
₹2240
at current GMP
Subscribed
—
Open
20 Jan 2021
Close
22 Jan 2021
Allotment
28 Jan 2021
Refund
29 Jan 2021
Demat Credit
30 Jan 2021
Listing
2 Feb 2021
Last updated 12 days ago
Official Registrar Verification
Indigo Paints Limited Allotment Status
Designated Registrar: Link Intime India Private Limited
Allotment Date
28 Jan 2021
Basis finalization
Refunds Initiate
29 Jan 2021
Mandate release
Demat Credit
30 Jan 2021
Shares in demat
Listing Debut
2 Feb 2021
Trading begins
How to Check Indigo Paints Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
- Select Indigo Paints Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Indigo Paints Limited Public Issue & Market Profile
Indigo Paints Limited is bringing an initial public offering (IPO) in the Materials & Chemicals sector with an aggregate issue size of ₹1,176 Crores. The shares are offered at a price band of ₹1488 to ₹1490 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2021-01-22, the basis of allotment is scheduled to be finalized on 2021-01-28. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.