Should I invest in Indigo Paints IPO? | Indigo Paints IPO Analysis

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Indigo paints is engaged in the business of manufacturing paints and it is the fifth largest company in the Indian decorative paint industry in terms of revenue for Fiscal 2020.
In terms of growth, it is the fastest growing paint company amongst the top five paint companies in India.

Indigo paints has achieved this position in a highly competitive Indian decorative paint industry.
So basically, they introduced differentiated products to create a distinct market in the paint industry, building brand equity for their primary consumer brand, creating an extensive distribution network, and installing tinting machines across their dealer network.
Indigo Paints has a strong market network with dealers in Tier 1, Tier 2, and Metro cities[. It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). It is further looking to expand its manufacturing capacities at Pudukkottai to manufacture water-based paints.

IPO Details:
IPO Opening date is 20th Jan 2021 and closing date is 22nd Jan 2021.
Issue price bank is Rs 1488- Rs 1490 per share.
It is available at a lot of 10 shares. It means minimum investment would Rs 14,900.
Current shareholding of promoters stood at 64% and after the IPO, it would be 54%.
The net proceed from the Indigo Paints IPO will be used against following objectives.
To meet the capital expenditure requirements for manufacturing facility expansion at Pudukkottai, Tamil Nadu, to purchase tinting machines and gyroshakers, to repay all or certain borrowings and to meet general corporate purposes.

Disclaimer: This video is only for education purpose. Consult your financial Advisor before investing your money.

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