Indigo Paints IPO analysis

Indigo Paints IPO - Subscribe or Not?
Doston 2021 me IRFC ke baad doosra jo IPO aane wala hai wo hai Indigo Paints ka. Lekin ye sirf 300 Crore ka IPO hai, isse 10 guna  zyzda debt to Anil Ambani led Reliance group ka hai. Aur RIL ke shares ke upar niche hone se itna amount ek din me loss ya profit hota hoga Mukesh Ambani ko. Price range sunke aapke pairon tale zameen nikal jayegi - 1488 - 1490 Per share ke rate me Indigo one of the most heavily priced shares hai. Kya ispe invest karna chahiye? Kya hai Indigo Paints and kya hai iska market analysis? Sochiye mat, post ko end tak read kariye, Blog ko subscribe kijiye, aur post ko like share kijiye, kuch aur kehna ho to comment section ko apna samajhke likh dijiye. 


Indigo Paints aakhir hai kya?

Indigo paints India ka 5th largest company hai decorative paint Industry me, agar overall revenue ki baat ki jaye to. Decorative paints ka matlab kya hai? enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints. Ab tak aap samajh gaye honge ki ye kaha use hota hai. Mainly real estate industry me interiors and furnitures ke saath use hone waala paint produce karta hai. Is domain ke iske competitors me se kuch hai Berger paints, Asian Paints, Shalimaar Paints. In me se berger and asian paints ka functional domain alag hone ke baad bhi kuch similarities hai. Magar Shalimaar Paints inke actual domain bsed cometitors me se hain aur ye baat inke DRHP me mention nahi kiya gaya hai. Ispe main baad me aaunga. Lekin Industry ke demand ke hisaab se ek positive ye hai ki ye industry kaafi fast growing hai, Indigo paints bhi one of the fastest growing companies me se ek hai.

IPO issue 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.

Indigo paints ko apna naya facility kholne ke liye, naye machines khareedne ke liye, lenders ke paise wapasdene ke liye ye IPO annouce kiya hai. Koi bahut bada judgement nahi pass karenge, lekin iska ek simple meaning ye hai ki jitna revenue ya prfit generate ho raha hai Indigo Paints me, that is not enough to fund their growth. Meaning, Indigo kahi na kahi ek risk le raha hai, they are betting big on this plant and selling off some part of the company to do so. Yaani risk factor zyada hai is Issue me. Aur issue amount bhi sirf 300 Crore hai, yaani itna bada risk nahi le rahe hai, yaani calculated risk, ye bhi ek positive indicator hai is IPO ke liye. 

IPO Details 

IPO Date January 20, 2021 to January 22, 2021
Issue Type Book Built Issue IPO
Issue Size Equity Shares of Rs.10 totaling up to Rs.1,176 Crore
Fresh Issue Equity Shares of Rs.10 totaling up to Rs.300 Crore
Offer for Sale 5,840,000 Equity Shares of Rs.10 
Face Value Rs.10 per equity share
IPO Price Rs.1480 to Rs.1500 per equity share
Market Lot 10 shares
Min Order Quantity Not declared
Listing At BSE, NSE

Weakness

Indigo Paints ka listing hone waala hai after Indian Annual Budget session on 1st of February. Ye ek bahut bada turning point ho sakta hai is IPO ke performance aur listing gains ke upar. Indian GDP waise hi negative me chal rahi hai. Budget session me kuch accha na ho, lekin share market me invest karne waalon ke liye agar kuch naya taxation daal diya gaya, to fir market pe iska asar zaroor aayega. Aur ek ek danger rahega jinko ye IPO allottment hoga unke liye. Doosra weakness hai company ke peers ka EPS. Per share 1490 ka band kaafi zyada hai Indigo ke market segment ke liye aur itna high pricing rakhne ka reason mujhe tonhai pata, shayad company ke financial advisors bata paye. Lekin Aise waqt pe, jaha par majority of the population ab bhi Pandemic ke economic shock se bahar nahi aayi hai, kab full fledged groth aayega koi nahi keh sakta, aise scenariome 1490 per share ka price ka bahut upar jaana, wo bhi Decorative Paint industry ke demand ko dhyan me rakhte hue kaafi kam lag raha hai. Isis wajah se shayad, immediate listing gain na bhi ho. Grey Market premium ke hisaab se 60% premium abhi kaha jaa raha hai. Shayad oversubscribed bhi hoga ye IPO, lekin HNI ke taraf se interest kaisa hoga ye dekhne layak hoga. Agar shares allott nahi hue, to fir 2-3 mahina wait karke long term performance dekh kar uske baad hi invest karna sahi hoga Indigo ke liye. 









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