Indigo Paints IPO Details | Price | Size | Lot | Asian Paints | Berger Paints

The fifth-largest Indian decorative paints company, Indigo Paints IPO is set to open today. Watch this video to get insights of the issue and company.
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About the company: Incorporated in Mar-2000, Indigo has rapidly scaled up, logging a turnover of Rs6.2bn in FY20 and delivering an organic revenue CAGR of 29% (48% incl. acquisitions) in the past five years. It has 2% market share and is at the #5 spot in a highly competitive and oligopolistic decorative paints industry. Indigo Paints derives ~46% of its sales from southern India and commands the #3 position in the state of Kerala. It has built a network of ~11,000 dealers and ~4,600 tinting machines.


Company's Business:
Indigo Paints (Indigo) has rapidly scaled up to become the fifth largest player in a competitive, oligopolistic decorative-paints industry in India, delivering 29% organic revenue CAGR in the past five years. Growth has been driven by differentiated products backed by heavy advertising, an incentivized workforce and focus on smaller towns.

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