Indigo Paints IPO is going to hit the market on 18 January and closes on 21 January. As expected the price band is fixed at Rs. [.], so we can expect a good GMP on for the IPO. Indigo Paints IPO GMP started with green and subject to sauda is not fixed. Indigo Paints is a finance arm of Indian Railways and the promoted by the President of India.Check out Indigo Paints IPO grey market premium, Kostak rates, and subject to sauda rates as of today.
Indigo Paints manufacture a complete range of decorative paints including emulsions, enamels, wood coatings, distemper, primers, putties and cement paints. Indigo Paints also identify potential product needs from customers and introduce differentiated products to meet these requirements, and create a distinct market for our products. For instance, we are the first company to manufacture and introduce certain differentiated products in the decorative paint market in India, which includes our Metallic Emulsions, Tile Coat Emulsions,Bright Ceiling Coat Emulsions, Floor Coat Emulsions, Dirt proof & Waterproof Exterior Laminate, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel (together, “Indigo Differentiated Products”) (Source: F&S Report). These products are differentiated based on the end-use they cater to, as well as added properties that they possess. Revenue generated, i.e. invoicing as per contracted price, from sales of Indigo Differentiated Products represented 26.68%, 27.58%, and 28.62% of our total revenue from operations in Fiscal 2018, 2019 and 2020, respectively. As the first company in India to develop these products, we have had an early mover advantage in the markets we are present in, which has allowed us to realize relatively higher margins for these products compared to the rest of our product portfolio.
Read Also: Indigo Paints IPO Details
Indigo Paints IPO GMP Rates day by day with Kostak rates
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda |
|---|---|---|---|
| 16 JAN 2021 | |||
| 15 JAN 2021 | |||
| 14 JAN 2021 | |||
| 13 JAN 2021 | |||
| 12 JAN 2021 | |||
| 11 JAN 2021 | |||
| 10 JAN 2021 | |||
| 09 JAN 2021 | |||
| 08 JAN 2021 | |||
| 07 JAN 2021 | ₹760 | ₹7000 | ₹5800 |
| 06 JAN 2021 | ₹600 | ₹650 | N/A |
| 05 JAN 2021 | ₹600 | ₹650 | N/A |
- Grey market premium as on today is ₹, Kostak ₹650 & Subject to Sauda is ₹N/A
- Grey market premium as on 07-01-2021 is ₹760, Kostak ₹7000 & Subject to Sauda is ₹5800
- Grey market premium as on 06-01-2021 is ₹600, Kostak ₹650 & Subject to Sauda is ₹N/A
- Grey market premium as on 05-01-2021 is ₹600, Kostak ₹650 & Subject to Sauda is ₹N/A
Indigo Paints IPO Date & Price Band:
| Issuer | Indigo Paints Ltd |
| Issue Type | Book Built Issue IPO |
| Issue Period | Issue Opens: January 18, 2021 |
| Issue Closes: January 20, 2021 | |
| Price Brand | ₹ Per Share |
| Issue Size | ₹1000 Crores (Approx.) |
| Face Value | Rs.10 per Equity Share |
| Market Lot | 10 Shares |
| Maximum Bid amount for Retail | Rs. 2 Lakhs |
| QIB | 50% of the issue size |
| NIB | 15% of the issue size |
| Retail Individual Bidders | 35% of the issue size |
| Offer for Sale | ₹700 Cr |
| Fresh Issue | ₹300 Cr |
| Listing at | NSE & BSE |
Indigo Paints IPO Tentative Timetable
The Indigo Paints IPO open date is , and the close date is . The issue may list on .
| IPO Open Date | 18 Jan , 2021 |
| IPO Close Date | 20 Jan , 2021 |
| Basis of Allotment Date | 27 Jan , 2021 |
| Initiation of Refunds | 28 Jan , 2021 |
| Credit of Shares to Demat Account | 29 Jan , 2021 |
| IPO Listing Date | 29 Jan , 2021 |
Indigo Paints IPO Market Lot:
| Minimum Lot Size: | Minimum 10 Shares |
| Minimum Amount: | ₹ |
| Maximum Lot Size: | Maximum Shares |
| Maximum Amount: | ₹ |
Disclaimer:
- IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.- We are not buying and selling IPO forms on IPO Grey Market.- Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.- Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies
Indigo Paints IPO GMP FAQs
1. What is the Grey Market Premium (GMP) price of Indigo Paints IPO?
The Grey Market Premium of Indigo Paints IPO is approx. in between Rs. 600 at the moment.
2. What is the Subject to Sauda price for Indigo Paints IPO?
The Subject to Sauda price for Indigo Paints IPO is approx. Rs. ₹ [.]
3. How much will be listing gain in Indigo Paints IPO?
Indigo Paints IPO listing gain will be approx. Rs./- (update on a daily basis)
4. What is kostak price of Indigo Paints IPO?
The Kostak price of Indigo Paints IPO is approx. ₹N/A-..
