1. Completed
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Mainboard issue. Listed.
Source: IPO Guru Pro
Company information, issue size, price band, lot size, minimum investment, and the dates published for this issue.
Indigo Paints Limited was incorporated as a private company at Pune on 28 March 2000. It makes a full range of decorative paints, including emulsions, enamels, wood coatings, distempers, primers, putties and cement paints. It was the first company in India to make some differentiated products, such as Metallic Emulsions, Tile Coat Emulsions, Bright Ceiling Coat Emulsions and Floor Coat Emulsions. Sales of these products rose from 26.68% of sales in 2018 to 28.62% in Fiscal 2020. The company first built demand in Tier 3 and Tier 4 cities and rural areas, then moved into larger cities. Its distribution covered 27 states and seven union territories on 30 September 2020, and it installs tinting machines at dealers. Cricketer Mahendra Singh Dhoni is its brand ambassador. It has three plants, at Jodhpur in Rajasthan, Kochi in Kerala and Pudukkottai in Tamil Nadu. The IPO was Rs 1,169.12 crore, with Rs 299.73 crore of fresh issue and Rs 869.39 crore of offer for sale. Rs 150.00 crore was planned for expanding the Pudukkottai plant.
Current premium in rupees, the derived percentage, and the indicative price. History shows observed readings only. A missing premium is unavailable, not ₹0.
Grey Market Premium (GMP) is an unofficial market indicator and is not published by stock exchanges. Estimated listing values are illustrative, may change, and should not be considered a forecast or investment recommendation.
Subscription is shown in times subscribed. A missing multiple stays unavailable. A published zero is 0x.
Last updated: Unavailable
Last updated: Unavailable
Source: IPO Guru Pro Data by IPO Guru
History retrieved: 10 Nov 2026, 4:30 PM IST
No day-wise subscription history is loaded. Missing days are left blank and are not plotted as zero.
Source: IPO Guru Pro. History retrieved 10 Nov 2026, 4:30 PM IST.
Revenue and profit are in rupees for each reporting period. Assets, liabilities, and ratios use the source unit when the statement includes them. Missing figures stay blank.
| Metric (Rs. Crore) | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 411.29 | 421.96 | 373.18 | 297.39 |
| Total Income | 260.24 | 626.44 | 537.26 | 403.11 |
| Profit After Tax |
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This is the actual change from the issue price to the listing price. It is separate from the unofficial GMP estimate. A missing price stays unavailable.
RHP, DRHP, and other links that passed the official address check. Unverified addresses are left out.
Data by IPO Guru · Updated
Indigo Paints makes decorative paints and was the fifth largest company in India's decorative paint industry by revenue in Fiscal 2020. Its total income was Rs 626.44 crore in FY2020.
Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan and Halogen Chemicals Pvt.Ltd
1. Completed
2. Completed
3. Completed
4. Completed
Refund
Demat credit
Indicative only. A GMP-implied price is not a guaranteed listing price.
Unofficial grey-market premium in rupees. Missing observations are not connected and are not drawn as ₹0. This chart is not the listing gain.
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Source: IPO Guru Pro. History retrieved 10 Nov 2026, 4:30 PM IST.
| Observed (IST) | GMP (₹) | GMP % | Mark |
|---|---|---|---|
| 01 Feb 2021, 12:00 PM IST | ₹800 | +53.69% | None |
No intraday GMP history is loaded. Missing slots are not filled in.
High unavailable · Low unavailable
Source: IPO Guru Pro. History retrieved 10 Nov 2026, 4:30 PM IST.
| 27.21 |
| 47.82 |
| 26.87 |
| 12.86 |
| EBITDA | 48.09 | 90.99 | 54.09 | 25.80 |
| NET Worth | — | 197.05 | 147.46 | 127.46 |
| Reserves and Surplus | 177.05 | 149.73 | 100.31 | 80.56 |
| Total Borrowing | 30.13 | 50.07 | 60.13 | 35.83 |