Indigo Paints IPO review: Anil Singhvi recommends SUBSCRIBE for up to 40 pct listing gains
Indigo Paints IPO review: Zee Business Managing Editor Anil Singhvi has strongly recommended stock market investors to 'buy' into the Indigo Paints Initial Public Offer (IPO).
Indigo Paints IPO review: Zee Business Managing Editor Anil Singhvi has strongly recommended stock market investors to 'buy' into the Indigo Paints Initial Public Offer (IPO). The Market Guru said that Indigo Paints is going to use its money generated by the IPO for expansion plans that will double its revenue post-expansion. He said that post-expansion, Indigo Paints valuation will go up by around 35 to 40 pct, which means one can expect to get around this much of listing gains after applying for this IPO.
Listing out the reasons to buy Indigo Paints IPO, Anil Singhvi said, "If we look at the last three years revenue and profit growth of Indigo Paints, its numbers in this regard are quite attractive. However, while applying for the IPO, one needs to look at the deep data, means revenue and profit growth in last decade and when we look at the last decade revenue and profit growth of Indigo Paints, the company performance is again attractive."
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Highlighting the biggest reason for recommending stock market investors to buy Indigo Paints IPO the Market Guru said, "The biggest reason for recommending Indigo Paints IPO is the company's plan to use IPO generated money for its expansion plan. Now, one can ask what's new in it? So many companies that have done it in the past but investors had to remain content with limited returns or in loss."
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आज से खुलेगा इंडिगो पेंट्स का IPO...
इंडिगो पेंट्स के IPO में क्या करें?
— Zee Business (@ZeeBusiness) January 20, 2021
Singhvi went on to add, "For such stock market critics, my advice is to look at Indigo Paints current asset value that is around Rs 142 crore and after the expansion plan, company's net asset value will be around Rs 292 crore means almost double from its current asset value. Now, if we look at the current valuations and valuations post-expansion, then we will be able to assess that there is possibility for around 35-40 per cent gain on the Indigo Paints IPO listing and that's the reason I am strongly recommending stock market investors to buy Indigo Paints IPO for listing gains to such tune."
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