100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4441.26 Crs.  Total funds raised in 2,025.00

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

Indigo Paints Limited IPO Analysis

Indigo Paints IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 1176.00 Cr. The company is based in Pune and caters to Chemical - Paint And Adhesives sector. Edelweiss Financial Services , ICICI Securities , Kotak Mahindra Capital Company are the merchant bankers of Indigo Paints IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 11th November 2020.

Indigo Paints IPO posted revenues of ₹ 520.48 crores and PAT of ₹ 54.42 crores in FY21 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 518.80 Cr.
            EBITDA: ₹ 97.60 Cr.
            PAT: ₹ 54.40 Cr.
  • EBITDA Margin: 18.81 %
            Pat Margin: 10.49 %
  • Net Worth: ₹ 224.30 Cr.
  • Market Capitalisation: [●]
  • P/E: 130.00 times
  • P/BV: [●]
  • EV/EBITDA: 0.07 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Indigo Paints IPO Financial Performance (Restated)

Financial results of Indigo Paints IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Sep-20 FY20 FY19 FY18
Balance Sheet
Assets 411.30 421.90 373.10 297.30
Net Worth 224.30 197.00 147.40 127.40
Total Debt 19.30 39.20 51.60 31.50
Profit & Loss
Revenue
Revenue on annualised basis
259.40
518.80
624.70 535.60 401.40
EBITDA
EBITDA on annualised basis
48.80
97.60
92.50 55.30 26.00
PAT
PAT on annualised basis
27.20
54.40
47.80 26.80 12.80
Financials
30-Sep-20
FY20
FY19
FY18
Balance Sheet
Assets
411.30
421.90
373.10
297.30

Net Worth
224.30
197.00
147.40
127.40

Total Debt
19.30
39.20
51.60
31.50

Profit & Loss
Revenue
Revenue on annualised basis
259.40
518.80
624.70
535.60
401.40

EBITDA
EBITDA on annualised basis
48.80
97.60
92.50
55.30
26.00

PAT
PAT on annualised basis
27.20
54.40
47.80
26.80
12.80

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Indigo Paints IPO Key performance Indicators (KPI)

Indigo Paints IPO PAT Margin is 10.49 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Indigo Paints IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Sep-20 FY20 FY19 FY18
EBITDA Margin (%) 18.81 14.81 10.32 6.48
PAT Margin (%) 10.49 7.65 5.00 3.19
EPS (₹) 6.03 10.61 5.98 2.88
ROE (%) 12.13 24.26 18.18 10.05
ROCE (%) [●] [●] [●] [●]
ROA (%) 6.61 11.33 7.18 4.31
Debt to Equity 0.09 0.20 0.35 0.25
Particulars
30-Sep-20
FY20
FY19
FY18

EBITDA Margin (%)
18.81
14.81
10.32
6.48

PAT Margin (%)
10.49
7.65
5.00
3.19

EPS (₹)
6.03
10.61
5.98
2.88

ROE (%)
12.13
24.26
18.18
10.05

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
6.61
11.33
7.18
4.31

Debt to Equity (x)  
0.09
0.20
0.35
0.25

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Indigo Paints IPO Valuation Metrics

The market Capitalisation of Indigo Paints IPO is ₹ 0.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
130.00

P/B (times) :
[●]

NAV (₹) :
49.75

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Indigo Paints prospectus?

The Indigo Paints IPO prospectus highlights an Return on Equity (ROE) of 12.13 % , Return on Assets (ROA) of 6.61 %, and an EBITDA Margin of 18.81 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Indigo Paints IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Indigo Paints IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Indigo Paints IPO ?

The post-IPO market capitalisation of Indigo Paints IPO is ₹ 0.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Indigo Paints IPO?

The Indigo Paints IPO has a Price-to-Earnings (PE) ratio of 130.00 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Indigo Paints IPO?

Indigo Paints IPO reported revenue of ₹ 520.48 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Indigo Paints IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Indigo Paints IPO?

Indigo Paints recorded an EBITDA of ₹ 97.60 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Indigo Paints IPO?

Indigo Paints Profit After Tax (PAT) is ₹ 54.40 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 518.80 Cr.
            EBITDA: ₹ 97.60 Cr.
            PAT: ₹ 54.40 Cr.
  • EBITDA Margin: 18.81 %
            Pat Margin: 10.49 %
  • Net Worth: ₹ 224.30 Cr.
  • Market Capitalisation: [●]
  • P/E: 130.00 times
  • P/BV: [●]
  • EV/EBITDA: 0.07 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Indigo Paints operates in Chemical - Paint And Adhesives and Paint. The Issue is listed on BSE,NSE in Feb, 2021. Indigo Paints IPO size was 1176.00 with Issue price of 1490.00 .

Merchant Banker(s) of Indigo Paints IPO: Edelweiss Financial Services Limited , ICICI Securities Limited , Kotak Mahindra Capital Company Limited

Indigo Paints IPO subscription was 117.02 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Indigo Paints IPO listed at a listing price of 3118.65 against the offer price of 1490.00.

The current market price of Indigo Paints is 1201.30.

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