Indobell Insulation was incorporated on May 12, 1972. The company specializes in the power industry, providing insulation, lining services, scaffolding, surface protection, refractory, passive fire protection, and borosilicate lining for chimneys
| Bidding Dates |
|---|
| 06 Jan 2025 - 08 Jan 2025 |
| Subscription |
|---|
| 51.45x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,38,000 | 1 | 1 | 3000 | 2.2 M | ₹46 | 65 % | ₹101.4 M | RHP DOC |
Indobell Insulation Ltd. IPO SUBSCRIPTION STATUS
08 Jan '25Indobell Insulation Ltd. IPO overall subscription rate was 51.45 times the total available shares
Indobell Insulation Ltd. IPO retail subscription rate was 54.08 times in the retail segment
Indobell Insulation Ltd. IPO non-institutional investor subscription rate was 48.82 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
08 Jan 2025 (Day 3) | 54.08x | 48.82x | - |
07 Jan 2025 (Day 2) | 9.24x | 0.87x | - |
06 Jan 2025 (Day 1) | 4.05x | 0.38x | - |
Indobell Insulation Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 4.2 | 55.4 | 21.2 | 21.0 | 15.2% |
| FY24 | 10.3 | 178.8 | 3.0 | 1.9 | 11.3% |
| FY23 | 9.0 | 207.7 | 31.3 | 28.6 | 8.4% |
| FY22 | 1.5 | 96.1 | -28.2 | -29.5 | 6.8% |
Indobell Insulation Ltd. IPO SUBSCRIPTION STATUS DETAILS
Indobell Insulation Ltd. had 2.2 M shares on offer
Indobell Insulation Ltd. IPO offer price was ₹46
Indobell Insulation Ltd. IPO minimum Investment was ₹138000
Indobell Insulation Ltd. IPO issue size was ₹ 101.4 M
Indobell Insulation Ltd. had a minimum lot size of 3000 Shares per application
Indobell Insulation Ltd. NUMBER OF SHARES ON OFFER
Indobell Insulation Ltd. IPO IMPORTANT DATES
| Issue Open Date | 06 Jan 2025 |
| Issue close Date | 08 Jan 2025 |
| Allotment Date | 09 Jan 2025 |
| Refund Date | 10 Jan 2025 |
| Demat Account Credit Date | 10 Jan 2025 |
| Listing Date | 13 Jan 2025 |
| Listing on Exchange(s) | BSE |
| Indobell Insulation Ltd. Allotment Status | Exchange |
Indobell Insulation Ltd. IPO subscription opened on 06 Jan 2025, and closed on 08 Jan 2025
IPO allotment for Indobell Insulation Ltd. was finalized on Thursday, 09 Jan 2025
IPO listing for Indobell Insulation Ltd. was on BSE on Monday, 13 Jan 2025
Indobell Insulation Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 46.0 |
| Listing Open Price | 87.4 |
| Listing Close Price | 91.8 |
| Listing Gain% | 90.0% |
| Current Gain% | 61.7% |
Indobell Insulation Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Indobell Insulations Ltd. | 74.4 | 46.9 | 58.3 | -0.9 | 2.7 | 5 | 4 | 17.2 | -35.3 | 0.8 | -63.2 | 1.3 | -63.2 |
| Supreme Industries Ltd. | 3442 | 43722.7 | 42.4 | 2.6 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1444 | 38793.1 | 72.3 | 29.6 | 5.9 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3162.3 | 14531.6 | 82.2 | 1.6 | 14.2 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Finolex Industries Ltd. | 164.4 | 10202.5 | 16.6 | 0.3 | 2.6 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
| Time Technoplast Ltd. | 204.9 | 10113.6 | 20.6 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
Indobell Insulation Ltd. INFORMATION ON IPO ISSUE
About Indobell Insulation Ltd.
Indobell Insulation was incorporated on May 12, 1972. The company specializes in the power industry, providing insulation, lining services, scaffolding, surface protection, refractory, passive fire protection, and borosilicate lining for chimneys
Object of the Issue
- Funding capital expenditure towards purchase of additional plant and machinery
- To meet the working capital requirements
- General corporate purposes
Indobell Insulation Ltd. - PROMOTERS
| Name |
|---|
| Vijay Burman |
| Man Mohan Burman |
| Megha Burman |
| Raksha Burman |
Indobell Insulation Ltd. Lead Manager of the Issue
Finshore Management Services Limited
info@finshoregroup.com
Indobell Insulation Ltd. Registrar to the issue
Integrated Registry Management Services (P) Limited
smeipo@integratedindia.in
Indobell Insulation Ltd. Strengths
Quality assurance and accreditations
The company prioritizes quality, delivering high-standard products and services while continuously improving industrial processes. Its commitment is reflected in certifications and accreditations from local and international agencies
Diversified product portfolio
The company produces Mineral Fibre Nodules, Ceramic Fibre Nodules, and Prefabricated Thermal Insulation Jackets, tailored to customer needs. It is equipped with the resources, experience, and network to introduce new products
Well established Manufacturing facility
The company operates two manufacturing units in West Bengal and Maharashtra, equipped with the necessary machinery to produce Mineral Fibre Nodules, Ceramic Fibre Nodules, and Prefabricated Thermal Insulation Jackets
Indobell Insulation Ltd. Risks
Risk of delay in machinery procurement
The company has not yet ordered machinery for expanding its manufacturing facility. Delays in ordering or procurement could affect the implementation schedule and potentially raise operational startup costs
Risk of under-utilization of plant
Under-utilization of manufacturing capacities could negatively impact the company's business, future prospects, and financial performance
Depend on single business segment
The company's revenue relies on a single segment, Thermal Insulation Products. Failure to adapt to product upgrades, ensure quality, or address declining demand could impact revenue and growth prospects
IPO FAQs
The promoters of the company are Vijay Burman, Man Mohan Burman, Megha Burman and Raksha Burman.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 46.0 - 46.0.
The IPO application opens on Jan 06, 2025 and closes on Jan 08, 2025.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 138,000.0, the maximum value for this IPO is Rs 138,000.0.
This IPO will be allotted on Jan 09, 2025.
The refund will be credited to your account on Jan 10, 2025.
The allotted shares will be credited to your demat on Jan 10, 2025.
Indobell Insulation Ltd.’s shares listed on the stock exchanges on Jan 13, 2025.