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| Prospectus synopsis |
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Phone:91-20-66814300 Fax:
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| 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.
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| 20-Jan-21 |
22-Jan-21 |
Rs
1490.00-0.00
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Rs
0.00-0.00
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| Minimum Application for shares in Nos :
10
Further Multiples of :
10
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| Project Cost |
299.73 |
| Edelweiss Financial Services Ltd |
| Kotak Mahindra Capital Company Ltd |
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| Project Financed through Current Offer |
1169.12 |
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| Post Issue Equity Share Capital |
47.57 |
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| Issue Price |
Rs.1490.00
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Funding capital expenditure for expansion of the existing manufacturing facility at Pudukkottai, Tamil Nadu (the "proposed expansion") by setting up an additional unit (the "Additional Unit") adjacent to the existing facility.
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Purchase of tinting machines and gyroshakers
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Repayment/prepayment of all or certain of the borrowings
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General corporate purposes
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