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Indobell Insulations IPO vs Parmeshwar Metal IPO

Comparison between Indobell Insulations IPO and Parmeshwar Metal IPO.

IPO Details

Indobell Insulations IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Parmeshwar Metal IPO is a SME Bookbuilding proposed to list at BSE SME.

 Indobell Insulations IPOParmeshwar Metal IPO
LogoIndobell Insulations IPO LogoParmeshwar Metal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarIntegrated Registry Management Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerBlack Fox Financial Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indobell Insulations IPO is up to ₹9.63 Cr whereas the issue size of the Parmeshwar Metal IPO is up to ₹23.49 Cr. The final issue price of Indobell Insulations IPO is ₹46.00 per share and of Parmeshwar Metal IPO is ₹61.00 per share.

 Indobell Insulations IPOParmeshwar Metal IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹57.00 per share
Issue Price (Upper)₹61.00 per share
Issue Price (Final)₹46.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size20,94,000 shares38,50,000 shares
Fresh Issue Size (Amount)up to ₹9.63 Crup to ₹23.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,94,000 shares38,50,000 shares
Issue Size Total (Amount)up to ₹9.63 Crup to ₹23.49 Cr

IPO Timetable

Indobell Insulations IPO opens on Jan 06, 2025, while Parmeshwar Metal IPO opens on Jan 02, 2025. The closing date of Indobell Insulations IPO and Parmeshwar Metal IPO is Jan 08, 2025, and Jan 06, 2025, respectively.

 Indobell Insulations IPOParmeshwar Metal IPO
Anchor Bid DateJan 01, 2025
Issue OpenJan 06, 2025Jan 02, 2025
Issue CloseJan 08, 2025Jan 06, 2025
Basis Of Allotment (Tentative)Jan 09, 2025Jan 07, 2025
Initiation of Refunds (Tentative)Jan 10, 2025Jan 08, 2025
Credit of Share (Tentative)Jan 10, 2025Jan 08, 2025
Listing date (Tentative)Jan 13, 2025Jan 09, 2025
Anchor Lockin End date 1Feb 05, 2025
Anchor Lockin End date 2Apr 06, 2025

Financials & KPIs

Indobell Insulations IPO P/E ratio is 18.24, as compared to Parmeshwar Metal IPO P/E ratio of 9.51.

 Indobell Insulations IPOParmeshwar Metal IPO
Financials

Indobell Insulation Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,320.221,528.771,232.031,488.6
Total Income556.31,798.572,105.22977.31
Profit After Tax42.39103.2690.0115.34
Net Worth609.49567.09472.63389.37
Reserves and Surplus199.99157.6404.38321.12
Total Borrowing341.84526.92424.34612.79
Amount in ₹ Lakhs

Parmeshwar Metal Limited Financial Information (Restated)

Parmeshwar Metal Limited's revenue increased by 13% and profit after tax (PAT) dropped by -19% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Oct 202431 Mar 202431 Mar 202331 Mar 2022
Assets6,732.677,010.275,412.424,112.89
Total Income75,730.831,10,246.3597,270.6190,227.47
Profit After Tax570.29721.93889.53685.16
Net Worth4,291.133,720.832,998.92,109.37
Reserves and Surplus3,166.132,970.832,248.91,359.37
Total Borrowing1,468.992,188.861,660.021,383.71
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9996.33
Promoter Shareholding (Post-Issue)65.0070.81
P/E Ratio18.249.51
Market Cap₹28.98 Cr.₹93.37 Cr.
ROE18.21%21.49%
ROCE28.15%17.51%
Debt/Equity0.930.59
EPS₹2.52₹6.42
RoNW18.21%19.40%

Shares Offered

In the Indobell Insulations IPO Retail Individual Investors (RII) are offered 10,47,000 shares while in Parmeshwar Metal IPO retail investors are offered 10,47,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Indobell Insulations IPO and 7,70,000 shares in Parmeshwar Metal IPO.

 Indobell Insulations IPOParmeshwar Metal IPO
Anchor Investor Reserveration0 shares11,54,000 shares
Market Maker Reserveration1,11,000 shares2,06,000 shares
QIB0 shares7,70,000 shares
NII10,47,000 shares5,78,000 shares
RII10,47,000 shares13,48,000 shares
Employee0 shares0 shares
Others
Total20,94,000 shares38,50,000 shares

Bids Received (Subscription)

Indobell Insulations IPO subscribed 54.13x in total, whereas Parmeshwar Metal IPO subscribed 607.07x.

 Indobell Insulations IPOParmeshwar Metal IPO
QIB (times)177.32x
NII (times)51.31x1,202.83x
Big NII (times)
Small NII (times)
RII (times)52.37x597.09x
Employee (times)
Other (times)
Total (times)54.13x607.07x