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Indobell Insulations IPO is a fixed price issue of ₹10.14 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹10.14 crore.
Indobell Insulations IPO bidding started from Jan 6, 2025 and ended on Jan 8, 2025. The allotment for Indobell Insulations IPO was finalized on Jan 9, 2025. The shares got listed on BSE SME on Jan 13, 2025.
Indobell Insulations IPO price is ₹46.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (3000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,76,000.
Finshore Management Services Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Black Fox Financial Pvt.Ltd..
Refer to Indobell Insulations IPO RHP for detailed Information.
| IPO Date | January 6, 2025 to January 8, 2025 |
| Listing Date | January 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹46 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,05,000 shares (aggregating up to ₹10.14 Cr) |
| Reserved for Market Maker | 1,11,000 shares Black Fox Financial Pvt.Ltd. (aggregating up to ₹0.5106 Cr) |
| Net Offered to Public | 20,94,000 shares (aggregating up to ₹9.63 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 40,94,952 shares |
| Share Holding Post Issue | 62,99,952 shares |
Indobell Insulations IPO offers total 22,05,000 shares. Out of which 10,47,000 (47.48%) allocated to NII, 10,47,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,11,000 (5.03%) |
| NII (HNI) Shares Offered | 10,47,000 (47.48%) |
| Retail Shares Offered | 10,47,000 (47.48%) |
| Total Shares Offered | 22,05,000 (100.00%) |
Indobell Insulations IPO opens on January 6, 2025, and closes on January 8, 2025.
| IPO Open Date | Mon, Jan 6, 2025 |
| IPO Close Date | Wed, Jan 8, 2025 |
| Tentative Allotment | Thu, Jan 9, 2025 |
| Initiation of Refunds | Fri, Jan 10, 2025 |
| Credit of Shares to Demat | Fri, Jan 10, 2025 |
| Tentative Listing Date | Mon, Jan 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 8, 2025 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,38,000 |
| Retail (Max) | 1 | 3,000 | ₹1,38,000 |
| HNI (Min) | 2 | 6,000 | ₹2,76,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in May 1972, Indobell Insulation Limited manufactures and manufactures insulation products, including nodulated and granulated wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets. The company's products are used in residential, commercial, and industrial applications alongside various related insulation materials.
The company's product range includes
The company provides customized insulation solutions tailored to each client's needs, including specific sizes, shapes, and densities for projects involving 3D and 2D designs, manufacturing drawings, and thermal analysis.
The company's manufacturing units are situated in West Bengal and Maharastra. The company has received certifications for ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), and ISO 45001:2018 (Occupational Health & Safety Management System) for producing Nodulated Fibers and for thermal insulation materials.
As of December 30, 2024, the company employs 31 people in various departments.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,320.22 | 1,528.77 | 1,232.03 | 1,488.6 |
| Total Income | 556.3 | 1,798.57 | 2,105.22 | 977.31 |
| Profit After Tax | 42.39 | 103.26 | 90.01 | 15.34 |
| Net Worth | 609.49 | 567.09 | 472.63 | 389.37 |
| Reserves and Surplus | 199.99 | 157.6 | 404.38 | 321.12 |
| Total Borrowing | 341.84 | 526.92 | 424.34 | 612.79 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Indobell Insulations IPO is ₹28.98 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 18.21% |
| ROCE | 28.15% |
| Debt/Equity | 0.93 |
| RoNW | 18.21% |
| PAT Margin | 5.74% |
| Price to Book Value | 3.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.52 | 1.35 |
| P/E (x) | 18.24 | 34.18 |
The Objects of the Issue are:
[Dilip Davda] The company is manufacturer and contractor of insulation products that are tailor made as per the needs of the customers and also provides all related services in the segment. Boosted top and bottom lines for pre-IPO year i.e. FY23 and FY24 appears to be a window dressing to fetch fancy valuations. Based on FY25 annualized earnings, the issue appears aggressively priced. Small paid-up equity post IPO indicates longer gestation for migration. There is no harm in skipping this pricey offer. Read detail review...
| Listing Date | January 13, 2025 |
| BSE Script Code | 544334 |
| NSE Symbol | |
| ISIN | INE0FK501019 |
| Final Issue Price | ₹46 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹46.00 |
| Open | ₹87.40 |
| Low | ₹83.03 |
| High | ₹91.77 |
| Last Trade | ₹91.77 |
Indobell Insulations Ltd.
88C
Lake View Road,
Kolkata - 700029
Kolkata, West Bengal
Phone: +91 99032 51056
Email: cs@indobell.com
Website: https://www.indobell.com/
Integrated Registry Management Services Pvt.Ltd.
Phone: 044 - 28140801 to 28140803
Email: smeipo@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
Indobell Insulations IPO is a SME IPO of 22,05,000 equity shares of the face value of ₹10 aggregating up to ₹10.14 Crores. The issue is priced at ₹46 per share. The minimum order quantity is 3000.
The IPO opens on January 6, 2025, and closes on January 8, 2025.
Integrated Registry Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Indobell Insulations IPO using UPI as a payment gateway. Zerodha customers can apply in Indobell Insulations IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indobell Insulations IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indobell Insulations IPO opens on January 6, 2025 and closes on January 8, 2025.
Indobell Insulations IPO lot size is 3000, and the minimum amount required for application is ₹1,38,000.
You can apply in Indobell Insulations IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Indobell Insulations IPO will be done on Thursday, January 9, 2025, and the allotted shares will be credited to your demat account by Friday, January 10, 2025. Check the Indobell Insulations IPO allotment status.
The Indobell Insulations IPO listing date is on Monday, January 13, 2025.
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