Indigo Paints IPO Analyst Meet Takeaways, By Nirmal Bang
Sticks identifying the city associated with the paint color sit in cups at manufacturing facility. (Photographer Ari Lindquist/Bloomberg)

Indigo Paints IPO Analyst Meet Takeaways, By Nirmal Bang

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Nirmal Bang Report

We attended the virtual Brokers and Analyst Meet of Indigo Paints Ltd. for its forthcoming Initial Public Offering.

The management spoke about the journey of Indigo Paints till date and also shared details about the IPO. The following are the key takeaways:

From a humble start in 2000, when it set up a cement paint manufacturing unit in Jodhpur, Indigo has become the fifth largest decorative paint manufacturer in India.

The company has three manufacturing facilities - in Jodhpur, Kochi and Pudukkottai, strategically located in close proximity to the company’s raw material sources.

As of FY20, the company had a distribution network of 36 depots and 11,230 active dealers and a tinting machine population of 4,296 across India.

Click on the attachment to read the full report:

Nirmal Bang Consumer Sector - Indigo Paints_Analyst Meet Update- 15 January.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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