Indobell Insulation IPO Overview

Indobell Insulation IPO is a fixed price issue of Rs 10.14 crores. The issue is entirely a fresh issue of 22.05 lakh shares.

Indobell Insulation IPO bidding opened for subscription on January 6, 2025 and will close on January 8, 2025. The allotment for the Indobell Insulation IPO is expected to be finalized on Thursday, January 9, 2025. Indobell Insulation IPO will list on BSE SME with tentative listing date fixed as Monday, January 13, 2025.

Indobell Insulation IPO price is ₹ 46 per share. The minimum lot size for an application is 3000. The minimum amount of investment required by retail investors is ₹1,38,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹2,76,000.

Finshore Management Services Limited is the book running  lead manager of the Indobell Insulation IPO, while Integrated Registry Management Services Private Limited is the registrar for the issue.The market maker for Indobell Insulation IPO is Black Fox Financial Private Limited.

Refer to Indobell Insulation IPO RHP for detailed information.

Indobell Insulation IPO Important dates

Indobell Insulation IPO opens on January 6, 2025, and closes on January 8, 2025.

IPO Open Date Monday, January 6, 2025
IPO Close Date Wednesday, January 8, 2025
Basis of Allotment Thursday, January 9, 2025
Initiation of Refunds Friday, January 10, 2025
Credit of Shares to Demat Friday, January 10, 2025
Listing Date Monday, January 13, 2025
Cut-off time for UPI mandate confirmation 5 PM on January 8, 2025

Indobell Insulation IPO Financial Performance

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
Revenue 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

Indobell Insulation IPO Key Performance Indicator

The market capitalization of Indobell Insulation IPO is Rs 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

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Indobell Insulation IPO Objectives

The Objects of the Issue are:

  1. Funding Capital Expenditure towards the purchase of additional plant and machinery
  2. To meet the Working Capital Requirements
  3. General Corporate Purposes

Indobell Insulation IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹1,38,000
Retail (Max) 1 3000 ₹1,38,000
HNI (Min) 2 6,000 ₹2,76,000

Indobell Insulation IPO Details

IPO Date January 6, 2025 to January 8, 2025
Listing Date [.]
Face Value ₹10 per share
Price ₹ 46 per share
Lot Size 3,000 Shares
Total Issue Size 22,05,000 shares
(aggregating up to ₹10.14 Cr)
Fresh Issue 22,05,000 shares
(aggregating up to ₹ 10.14 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share Holding Pre Issue 40,94,952 shares
Share Holding Post Issue 62,99,952 shares
Market Maker Portion 1,11,000 shares

Indobell Insulation IPO Company Overview and Services

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

  • Nodulated/Granulated Wool which includes
    • Ceramic Fibres Nodules
    • Mineral Fibre Nodules
  • Pre-fabricated Thermal Insulation Jackets

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.

  • Experienced Management Team
  • Smooth flow of operations
  • Well-defined organizational structure
  • Well Established Manufacturing Facility
  • Quality assurance and accreditations
  • Diversified Product portfolio

Indobell Insulation IPO SWOT Analysis

Strengths:

  • Diverse Product Portfolio: Indobell offers a range of insulation products, catering to different needs across residential, commercial, and industrial sectors. This diversification can mitigate risks associated with reliance on a single product.
  • Customization Capabilities: The company offers customization for 2D/3D designs, manufacturing drawings, and thermal analysis, which can be a competitive advantage in securing specific projects.
  • ISO Certifications: Holding ISO certifications for quality, environmental, and safety management standards demonstrates a commitment to quality and can enhance customer trust.
  • Focus on Energy Efficiency: With increasing emphasis on energy conservation and green building practices, Indobell’s focus on insulation products positions them well in a growing market.

Weaknesses:

  • Small Scale of Operations: Compared to larger, established players in the insulation industry, Indobell is a relatively small company. This can limit their ability to compete on price and marketing reach.
  • Limited Workforce: The company has a small workforce, which could pose challenges in scaling operations to meet increasing demand or handling large projects.
  • Dependence on Specific Geographical Regions: Operations and manufacturing might be concentrated in specific regions, making the company vulnerable to regional economic downturns or disruptions.
  • Limited Brand Recognition: Compared to established global insulation product manufacturers, Indobell has limited brand recognition.

Opportunities:

  • Growing Demand for Insulation Products: The market for insulation products is expected to grow, driven by factors like increasing energy costs, stricter building codes, and growing awareness of energy efficiency.
  • Government Initiatives and Regulations: Government initiatives promoting energy efficiency and sustainable building practices can further drive demand for insulation products.
  • Expansion into New Geographies and Markets: Indobell can expand its market presence to new regions within India and potentially internationally.
  • Focus on Innovation and New Product Development: Investing in research and development to create innovative and more efficient insulation products can provide a competitive edge.

Threats:

  • Intense Competition: The insulation industry is competitive, with both domestic and international players.
  • Fluctuations in Raw Material Prices: The cost of raw materials used in insulation products can fluctuate, impacting profitability.
  • Technological Advancements: New insulation technologies or materials could emerge, potentially disrupting the market and rendering existing products less competitive.
  • Economic Downturn: A slowdown in the economy, particularly in the construction and industrial sectors, can negatively impact demand for insulation products.

Indobell Insulation IPO GMP Details

Indobell Insulation SME IPO last GMP is ₹0, last updated Jan 7th 2025 07:27 AM. With the price band of 46.00, Indobell Insulation SME IPO’s estimated listing price is ₹46 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.

We update GMP on a daily basis and based on last 7 sessions grey market activities, today IPO GMP trend, no major movement is observed in GMP, expect same trend till listing day. Stay with us to know the daily price trend of Indobell Insulation SME IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
07-01-2025 46.00 ₹0  — ₹46 (0%) 7-Jan-2025 7:27
06-01-2025 Open 46.00 ₹0  — ₹46 (0%) 6-Jan-2025 22:32
05-01-2025 46.00 ₹0  — ₹46 (0%) 5-Jan-2025 22:28

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Indobell Insulation IPO Subscription Status 

Indobell Insulation IPO subscribed 3.38 times. The public issue subscribed 6.23 times in the retail category, [.] times in QIB, and 0.53 times in the NII category by January 7, 2025 .

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)* Total Application
Market Maker 1 1,11,000 1,11,000 0.51 –
Non-Institutional Buyers*** 0.53 10,47,000 5,52,000 2.54 94
Retail Investors 6.23 10,47,000 65,19,000 29.99 2,173
Total ** 3.38 20,94,001 70,71,000 32.53 2,151

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

  • ***: Market Maker portion is not included to NII/HNI.

Indobell Insulation IPO (Day-wise) Subscription Details (times)

Date NII* Retail Total
Day 1
Jan 6, 2025		 0.4 4.26 2.33
Day 2
Jan 7, 2025		 0.53 6.23 3.38

Indobell Insulation IPO Allotment status 

Indobell Insulation IPO allotment is expected on Thursday, January 9, 2025.

Indobell Insulation IPO allotment status is not available at this time. Indobell Insulation IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Indobell Insulation Limited IPO allotment status.

To check Indobell Insulation IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

Indobell Insulation IPO Contact Details

Indobell Insulation Limited
88C
Lake View Road,
Kolkata – 700029
Phone: +91 99032 51056
Email: cs@indobell.com
Website: https://www.indobell.com/

 

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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