Indigo Paints is one of the fastest-growing paint companies in India and in terms of revenue, it is the 5th largest company in the decorative paint industry. The company is engaged in manufacturing different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints.

It is the first company that started manufacturing certain differentiated products like Metallic Emulsions, Bright Ceiling Coat Emulsions, Tile Coat Emulsions, Dirtproof & Waterproof Exterior Laminate, Floor Coat Emulsions, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel. The sales from these differentiated products are continuously growing as it was 26.68% in 2018 increased to 28.62% in fiscal 2020.

Indigo Paints has a strong market network with dealers in Tier 1, Tier 2, and Metros as well. 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.

Company Strengths

• Large product portfolio with differentiated products.
• Well-proven, and consistent growth track record.
• Strong brand equity.
• Extensive network distribution.
• Strategically located manufacturing facilities.

Company Promoters:
Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan and Halogen Chemicals Private Limited are the promoters of the company.

Company Financials:

Objects of the Issue:

• 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.
• To meet general corporate purposes.

( Read Detailed Report )

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