Indigo Paints made the bumper stock market start-up, which included 75% premium


• The Indigo Paints contains new shares of up to cr 300 crore by the company and a promise of sales of up to 5.84 million, or 12.81%, by Sequoia Capital India (SCI) Investments IV, SCI Investments V, and promoter Hemant Jalan.
• Indigo Paints Ltd shares started trading in the stock market on Tuesday. The stock was listed at ₹ 2607.50, with a premium of 75% over its release price of ₹ 1490 piece. The initial public offering (IPO) for the collection of approximately 17 1,176 crore was registered 117 times with a price band of 48 1,488– Rs1,490 on a three-day share sale that closed on 22 January.

Amazon offers


• The IPO contains new shares of up to cr 300 crore by the company and a promise of sales of up to 5.84 million, or 12.81%, by Sequoia Capital India (SCI) Investments IV, SCI Investments V, and promoter Hemant Jalan.
• Indigo Paints has been proposed to use the total share capital to allocate ₹ 150 crore in respect of the funding for the expansion of its existing production facility in Pudukkottai, Tamil Nadu, by establishing an additional unit adjacent to the existing site. Another cr 50 crore will be used to purchase tactile equipment and gyroshaker, ₹ 25 crore in total repayment / prepaid / whole company loans, and the rest will be used for general business purposes.

New offers on amazon


• In addition to FY18-20, Indigo / EBITDA / total profits have grown in the CAGR of 25% / 88% / 84% respectively and EBIITDA gateways have expanded 814 points (bps) to at 14.6%. “It enjoys a 25-day fuel-efficient operating cycle and a healthy return on equity (RoE) / rental return (RoCE) of 28% and 23% respectively. The total debt / equity from September stands at 0.1 times when the IPO will drop to zero. This problem is estimated at 11.3 times the price / sale of the FY20 market, “said Motilal Oswal Financial Services.

also read


• Indigo Paints is the fifth largest cosmetic company in India in terms of revenue from FY20 operations. On September 30, the company operated three production facilities in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). The facilities had an installed production capacity of 101,903 kiloliters per year of liquid paint and 93,118 tons per year of putties and powder paint. The company has a wide distribution network in 27 provinces and seven union areas since September.

+ posts

A Business Development Manager and Internet Industry veteran with more than 7 years of experience in Sales Operations, Events & Weddings, Social Media Marketing, Business Development & Strategy.

Subscribe

Related articles

Entrepreneur’s Diaries – 30 Under 30: Submit Yourself To Be Considered For The Class Of 2023

Nominations are now being accepted for the Class of 2023; if you know of an outstanding professional or entrepreneur in any of our 21 categories, please have them submitted to us by December 15, 2022.

Chatting With Comedian-Turned-Author Madison Malloy About Her First Published Book

We had the opportunity to interact with comedian turned author Madison Malloy about her journey from being a popular comedian to self-published author. She has published a new book titled “TIME TO LIGHTEN THE FUCK UP.” Below is the interview we are sharing with you in this article.

Here Are 7 Resume Blunders To Avoid At All Costs:

If You Don't Have An Interesting Resume That Highlights All Of Your Relevant Talents, You Might As Well Give Up Looking For Work Because You Won't Get Very Far.

5 Tips To Become A Better Listener At Work

There's A Solid Psychological Explanation For Why Some People Talk Too Much: It's In Their Nature.