Indigo Paints Ltd IPO |
Registered Office:
Indigo Towe Street - 5,Pallod Farm- 2 Baner Road
,
Pune
-
411045
,
Maharashtra
, India.
Phone :
91-20-66814300 Fax:
Email : secretarial@indigopaints.com
Website : www.indigopaints.com
|
| Initial Public Offer of 7,853,422* equity shares of face value of (Rs)10 each ("equity shares") of Indigo Paints Limited ("company" or "issuer") for cash at a price of (Rs)1,490 per equity share (including a share premium of (Rs)1,480 per equity share) aggregating to (Rs)1169.12* Crores (the "offer") comprising a fresh issue of 2,013,422* equity shares aggregating to (Rs)299.73* Crores (the "fresh issue") and an offer for sale of 5,840,000* equity shares aggregating to (Rs)869.39* Crores (the "offer for sale"), comprising 2,005,000* equity shares aggregating to (Rs)298.48* Crores by Sequoia Capital India Investments IV, 2,165,000* equity shares aggregating to (Rs)322.30* Crores by SCI Investments V (collectively referred to as the "investor selling shareholders") and 1,670,000* equity shares aggregating to (Rs)248.61* Crores by Hemant Jalan (referred to as, the "promoter selling shareholders, and together the "Investor selling shareholders", the "selling shareholders" and such equity shares the "offered shares").
The offer included a reservation of 70000* equity shares, aggregating to (Rs)9.39* Crores (constituting 0.15 % of the post-offer paid-up equity share capital), for subscription by eligible employees (the "employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as "net offer". The offer and net offer constitute 16.51 % and 16.36 %, respectively, of the post-offer paid-up equity share capital of the company.
The face value of equity shares is (Rs)10 each. The offer price is 149 times the face value of the equity shares. The anchor investor offer price is (Rs)1,490 per equity share. The price band, the rupee amount of discount to the eligible employees bidding in the employee reservation portion ("employee discount") and the minimum bid lot were decided by the company.
*Subject to Basis of Allotment
#The Company and the Selling Shareholders in consultation with the brlms, offered a discount of (Rs)148 per Equity Share to Eligible Employees bidding in the Employee Reservation Portion.
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 20-Jan-21 |
22-Jan-21 |
(Rs)1490.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :10 Further Multiples of :10 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
299.73 |
| Edelweiss Financial Services Ltd |
|
| Project Financed through Current Offer |
1169.12 |
|
| Post Issue Equity Share Capital |
47.57 |
|
| Issue Price |
(Rs)1490.00 |
|
|