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IPO Synopsis

Indigo Paints Ltd
Registered Office: Indigo Towe Street - 5,Pallod Farm- 2 Baner Road , Pune - 411045 , Maharashtra , India.
Phone : 91-20-66814300   Fax:
Email :  
Website :
Initial Public Offer of 7,853,422* equity shares of face value of (Rs)10 each ("equity shares") of Indigo Paints Limited ("company" or "issuer") for cash at a price of (Rs)1,490 per equity share (including a share premium of (Rs)1,480 per equity share) aggregating to (Rs)1169.12* Crores (the "offer") comprising a fresh issue of 2,013,422* equity shares aggregating to (Rs)299.73* Crores (the "fresh issue") and an offer for sale of 5,840,000* equity shares aggregating to (Rs)869.39* Crores (the "offer for sale"), comprising 2,005,000* equity shares aggregating to (Rs)298.48* Crores by Sequoia Capital India Investments IV, 2,165,000* equity shares aggregating to (Rs)322.30* Crores by SCI Investments V (collectively referred to as the "investor selling shareholders") and 1,670,000* equity shares aggregating to (Rs)248.61* Crores by Hemant Jalan (referred to as, the "promoter selling shareholders, and together the "Investor selling shareholders", the "selling shareholders" and such equity shares the "offered shares"). The offer included a reservation of 70000* equity shares, aggregating to (Rs)9.39* Crores (constituting 0.15 % of the post-offer paid-up equity share capital), for subscription by eligible employees (the "employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as "net offer". The offer and net offer constitute 16.51 % and 16.36 %, respectively, of the post-offer paid-up equity share capital of the company. The face value of equity shares is (Rs)10 each. The offer price is 149 times the face value of the equity shares. The anchor investor offer price is (Rs)1,490 per equity share. The price band, the rupee amount of discount to the eligible employees bidding in the employee reservation portion ("employee discount") and the minimum bid lot were decided by the company. *Subject to Basis of Allotment #The Company and the Selling Shareholders in consultation with the brlms, offered a discount of (Rs)148 per Equity Share to Eligible Employees bidding in the Employee Reservation Portion.

Issue Money Payable On
Opens On Closes On Application Allotment
20-Jan-21 22-Jan-21 (Rs)1490.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :10  Further Multiples of :10

  (Rs Cr) Lead Managers to the Issue
Project Cost 299.73 Edelweiss Financial Services Ltd
Project Financed through Current Offer 1169.12  
Post Issue Equity Share Capital 47.57  
Issue Price (Rs)1490.00  
Funding capital expenditure for expansion of the existing manufacturing facility at Pudukkottai, Tamil Nadu (the "proposed expansion") by setting up an additional unit (the "Additional Unit") adjacent to the existing facility.Repayment/prepayment of all or certain of the borrowings
Purchase of tinting machines and gyroshakersGeneral corporate purposes
Promoted By
Hemant Jalan  
Anita Jalan  
Parag Jalan  
Listing At
Registrar to the Issue
Link Intime India Pvt Ltd  

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