Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Mon, Jan 6, 2025 - Wed, Jan 8, 2025
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 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 for investment in 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 Open
Mon, Jan 6, 2025
IPO Close
Wed, Jan 8, 2025
Issue Price
₹46 per share
Market Cap (Pre-IPO)
₹28.98 Cr
| IPO Date | 6 to 8 Jan, 2025 |
| Listed on | Mon, Jan 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹46 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,05,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,11,000 shares Black Fox Financial Pvt.Ltd. (agg. up to ₹0.5106 Cr) |
| Fresh Issue (Ex Market Maker) | 20,94,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 20,94,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 40,94,952 shares |
| Share Holding Post Issue | 62,99,952 shares |
| BSE Script Code | 544334 |
| ISIN | INE0FK501019 |
Indobell Insulations IPO comprises a total issue size of 22,05,000 shares. The net offer to the public is 20,94,000 shares, after excluding 1,11,000 shares allotted on a firm basis. Of the Net offer 10,47,000 (50.00%) allocated to NII 10,47,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,47,000 | 50.00% | 47.48% |
| Retail Shares Offered | 10,47,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,11,000 | 5.03% | |
| Total Shares Offered | 22,05,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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 | 13.20 | 15.29 | 12.32 | 14.89 |
| Total Income | 5.56 | 17.99 | 21.05 | 9.77 |
| Profit After Tax | 0.42 | 1.03 | 0.90 | 0.15 |
| NET Worth | 6.09 | 5.67 | 4.73 | 3.89 |
| Reserves and Surplus | 2.00 | 1.58 | 4.04 | 3.21 |
| Total Borrowing | 3.42 | 5.27 | 4.24 | 6.13 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional plant and machinery | 0.41 |
| 2 | To meet the Working Capital Requirements | 7.76 |
| 3 | General Corporate Purposes | 0.70 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 2.52 | 1.35 |
| P/E (x) | 18.24 | 34.18 |
| Promoter Holding | 99.99% | 65% |
| Market Cap | ₹28.98 Cr. |
The Indobell Insulation IPO is subscribed 54.13 times on January 8, 2025 6:19:09 PM (Day 3). The public issue subscribed 52.37 times in the retail category, [.] times in the QIB category, and 51.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 51.31 | 10,47,000 | 5,37,18,000 | 1,110 |
| Retail | 52.37 | 10,47,000 | 5,48,28,000 | 18,276 |
| Total | 54.13 | 20,94,001 | 11,33,46,000 | 24,268 |
Total Application : 24,268
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees, Underwriting commission, including other intermediaries Fees, Printing and distribution of Issue Stationary | 0.63 |
| 2 | Regulators Including Stock Exchange | 0.14 |
| 3 | Advertising, Selling, Marketing and Advisory Expenses | 0.51 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹46.00 |
| Open | ₹87.40 |
| Low | ₹83.03 |
| High | ₹91.77 |
| Last Trade | ₹91.77 |
Integrated Registry Management Services Pvt.Ltd.
Lead Manager Reports
Indobell Insulations IPO is a SME IPO of 22,05,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹46 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Jan 6, 2025, and closes on Wed, Jan 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 Mon, Jan 6, 2025 and closes on Wed, Jan 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 Fri, Jan 10, 2025. Check the Indobell Insulations IPO allotment status.
The Indobell Insulations IPO listing date is on Mon, Jan 13, 2025.
