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.
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