The Indobell Insulation IPO brings a promising investment opportunity, offering a book-built issue worth ₹10.14 crores. It includes 42.05 lakh fresh shares aimed at raising ₹10.14 crores to fuel the company’s growth and operational needs. This IPO ensures growth capital and liquidity, making it a key event for investors seeking new prospects.
The subscription period starts on 06 January 2025 and ends on 08 January 2025, giving investors a brief window to participate. The price band is set at ₹46 per share, providing flexibility for bidders. Investors can apply in lots of 3,000 shares, with a minimum investment of ₹1,38,000. With a structured approach and competitive pricing, this IPO is likely to attract both retail and institutional investors. The Parmeshwar Metal IPO lists on NSE SME, with the tentative listing date set for Thursday, 13 January 2025.
Refer to Indobell Insulation IPO RHP for detailed information.
Table of content
Indobell Insulation IPO, should I apply?
Indobell Insulation Limited is a small-sized company that manufactures insulation products, including nodulated and granulated wool (mineral and ceramic fiber nodules) and prefabricated thermal insulation jackets. These products are used across residential, commercial, and industrial sectors. While the company showed impressive revenue growth in 2022-2023, increasing by 2.5X, its revenue declined in 2023-2024, reflecting irregularities in performance. This makes investing in the IPO risky. Considering these uncertainties, it would be prudent to wait until the third day of the IPO opening to assess its Grey Market Premium (GMP).
If the GMP on the third day rises to 35-45% or above, applying for the IPO for listing gains could be a wise decision. The IPO has the potential to witness a high subscription of 100X or even 200X, indicating strong demand and promising listing returns. Despite the irregular financial performance, applying solely for short-term gains should be done cautiously and based strictly on the GMP on the third day.
Indobell Insulation IPO Details
| IPO Date | January 06, 2025 to January 08, 2024 | ||
| Listing Date | 13 January, 2025 | ||
| Face value | ₹10 per share | ||
| Price band | ₹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) | ||
| Offer for Sale | 0 | ||
| Issue Type | Fixed Price Issue IPO | ||
| Listing At | NSE SME | ||
| Share Holding Post Issue | 62,99,952 shares | ||
| Market Maker Portion | 1,11,000 shares Black Fox Financial Private Limited |
Indobell Insulation IPO Lot Size calculator
| Application | Lots | Share | 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 |
Indobell Insulation IPO Distribution
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
About Indobell Insulation Company
Established in May 1972, Indobell Insulation Limited manufactures insulation products such as nodulated and granulated wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets. These products serve residential, commercial, and industrial sectors, along with various related insulation materials.
The product range includes:
- Nodulated/Granulated Wool, comprising:
- Ceramic Fibre Nodules
- Mineral Fibre Nodules
- Prefabricated Thermal Insulation Jackets
The company offers customised insulation solutions tailored to client needs, accommodating specific sizes, shapes, and densities. It handles projects requiring 3D and 2D designs, manufacturing drawings, and thermal analysis.
Indobell’s manufacturing units operate in West Bengal and Maharashtra. The company holds ISO certifications for Quality Management (ISO 9001:2015), Environmental Management (ISO 14001:2015), and Occupational Health & Safety (ISO 45001:2018) for producing nodulated fibres and thermal insulation materials.
As of 30 December 2024, the company employs 31 staff across various departments. Its strengths include:
- An experienced management team
- Efficient operational processes
- A well-defined organisational structure
- Established manufacturing facilities
- Quality assurance backed by accreditations
- A diversified product portfolio
Indobell Insulation Company Finances
Indobell Insulation Limited’s revenue declined by 14.6% from ₹2,105.22 lakhs in FY 2023 to ₹1,798.57 lakhs in FY 2024 and further dropped by 69.1% to ₹556.3 lakhs by 30 September 2024. Despite this, the net worth grew by 43.8% from ₹389.37 lakhs in FY 2022 to ₹567.09 lakhs in FY 2024 and further increased by 7.5% to ₹609.49 lakhs by 30 September 2024.
Amount in ₹ Lakhs
| 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 Borrowings | 341.84 | 526.92 | 424.34 | 612.79 |
| 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 |
Indobell Insulation IPO Prospectus
Read our other articles(IPO Insights)
- FII DII Selling Data, 27 January 2025
- FII DII Selling Data, 24 January 2025
- FII DII Selling Data, 23 January 2025
- FII DII Selling Data, 22 January 2025
- CLN Energy IPO GMP today – Apply or Not
Leave a Reply