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.

Ratnakar Upadhayay
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Discover

Sponsor

spot_imgspot_img

Latest

It’s National Best Friends Day

National Best Friend Day 2021 is celebrated in the United States of America on June 8. As the name suggests, on this day, you can...

Olympia Oscar-winner Passes Away

In “Moonstruck,” (1987), Olympia Dukakis earned an Academy Award for her part as a mother of sardonic wit. She passed away on Saturday at...

3 Ways To companies Offer Their Customers A Positive Image

As a result of how we were perceived in public, we became more aware of social media and the digital age. We quickly realised...

Amazon Prime To Retire Soon

Since Amazon Prime got here directly to the scene in 2007, customers have become aware of an internet buying enjoy that turned into almost...

A Company Is Helping Environment

The mission of the team behind Boomerang Water is to replace single-use plastic water bottles with their sustainable low-batch bottling system. Jason Dibble is...