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Is it worth to buy Indigo Paints IPO?
It is because in the short term, Indigo Paints is expected to give good listing gains. The grey market price of Indigo paints is already at a 55\% premium at Rs 2340. It will certainly receive a good response during the IPO. For the long term, Indigo paints can be considered due to its solid business and high growth.
Should we buy Indigo Paints share?
Indigo Paints Ltd with its solid traction in these territories will assist it to capture the unorganized paint market in these rural and tier 2-4 cities. The brokerage remains sanguine on company’s long-term growth backed by its current performance metrics and future endeavours, hence remains bullish in this counter.
Is Indigo good paint?
The indigo exterior paint is UV resistant as well. The icing on the cake is that it is anti-algal and anti-fungal. The beautiful features make the indigo exterior paint an excellent choice for exterior house paint.
What is indigo paint IPO?
Indigo Paints IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,176.00 Crores. The issue is priced at ₹1488 to ₹1490 per equity share. The minimum order quantity is 10 Shares. The IPO opens on Jan 20, 2021, and closes on Jan 22, 2021.
Who is the owner of Indigo paints?
Hemant Jalan –
Hemant Jalan – Owner – Indigo Paints Pvt Ltd | LinkedIn.
What is the GREY market premium for Indigo Paints?
In the grey market, the trading premium of Indigo Paints share is around 60 per cent. Shares of Indigo Paints will be listed on BSE and NSE on Tuesday. Indigo Paints is an innovative paint company and fifth largest decorative paints manufacturer in the country.
Is Indigo paints a good company?
Today the Company stands out as one of the strongest contenders in the Indian paint industry, being rated as an innovative paint manufacturer, which keeps coming out with unique products never before offered in the country. Over time, the Company found its niche in the paint industry through innovation.
Who is the brand ambassador of indigo paint?
Mahendra Singh Dhoni
In 2018, Mahendra Singh Dhoni became the company’s brand ambassador.
How much is Indigo Paints IPO subscribed?
Indigo Paints IPO Subscription Status Live Indigo Paints IPO subscribed 117.02 times. The public issue subscribed 15.93 times in the retail category, 189.57 times in QIB, and 263.05 times in the NII category by Jan 22, 2021.
What is the expected listing price of Indigo Paints?
Indigo Paints, one of the fastest-growing paint companies in India, is expected to debut on the bourses on February 2 after finalising the issue price at Rs 1,490 per share – the higher price band of its public offer.
Who is the best paint company in India?
Top 10 Paint Companies in India
- Akzo Nobel India Ltd (Dulux Paints)
- Asian Paints Ltd.
- Berger Paints India Ltd.
- British Paints India Ltd.
- Indigo Paints Ltd.
- Kansai Nerolac Paints Ltd.
- Nippon Paint India Pvt Ltd.
- Shalimar Paints Ltd.
Who is the brand ambassador of Dulux?
Shraddha Kapoor
Dulux the flagship Decorative paints brand from AkzoNobel India announced Shraddha Kapoor as its new brand ambassador. Today, she joins Farhan Akhtar as a brand ambassador for Dulux and its range of interior and exterior products.
What is the indindigo paints IPO?
Indigo Paints IPO: The company is the fifth largest company in the Indian decorative paint industry in terms of the revenue from operations for Fiscal 2020. New Delhi: Pune-based Indigo Paints, the fastest growing amongst the top five paint companies in India, has launched an initial public offer (IPO) to raise Rs 1,170 crore from the market.
Why should you avoid indindigo paints (INP) now?
Indigo Paints derives a significant portion of its sales from the state of Kerala. Hence, any adverse developments in that market could adversely impact the company’s business and profitability. The company relies on third-party transportation providers to ferry the raw materials to the manufacturing facilities and finished products to dealers.
What is the PE (price/earnings) ratio of Indigo Paints?
If you look at only the decorative paints section of the business, then the average P/E Ratio is around 94.10. If we look at the price band of Indigo Paints IPO and calculate the P/E Ratio, we get a value of 140.43.
Who are the promoters of Indigo Paints?
During the financial year 2020, Indigo Paints reported a revenue of Rs 624.79 crore and a net profit of Rs 47.82 crore. Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan, and Halogen Chemicals Private Limited are the promoters of the company. And, pre-issue of IPO, the promoter holdings is at over 60\% of the company.