IPO

Indobell Insulation Limited IPO

BSE SME

Listed On: Jan 13, 2025 at ₹ 87.4

₹ 276000 /6000 Shares
*Min Investment

Check Allotment

06 Jan, 2025

Open Date

08 Jan, 2025

Close Date

09 Jan, 2025

Allotment Date

13 Jan, 2025

Listing Date
Indobell Insulation IPO Issue Details
  • Issue Price ₹46 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 22,05,000 shares(aggregating up to ₹10.14 crore)
  • Fresh Share 22,05,000 shares(aggregating up to ₹10.14 crore)
  • Listing at BSE SME
  • List Price 87.4
  • Listing Date 2025-01-13
  • Lead Manager Finshore Management Services Limited
  • Registrar Integrated Registry Management Services Private Limited
Market Lot Size

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

ApplicationLotsSharesAmount
Retail (min)13000₹1,38,000
Retail(max)13000₹1,38,000
NII (min) 26000₹2,76,000
Indobell Insulation IPO Reservation

Indobell Insulation IPO offers total 22,05,001 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,10,47,000 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered1,11,000 (5.03%)
Retail Shares Offered10,47,000 (47.48%)
Total Shares Offered22,05,001 (100%)
Indobell Insulation IPO Documents
DRHP
RHP
Indobell Insulation IPO Details


Indobell Insulation Limited IPO is an SME IPO, priced at ₹46 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 22,05,000 equity shares, aggregating up to ₹10.14 crores..

The IPO bidding window is open from Jan 6, 2025 to Jan 8, 2025. The allotment is expected to be finalized on Jan 9, 2025, and the tentative listing date is Jan 13, 2025.

The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,38,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,76,000.

Finshore Management Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Integrated Registry Management Services Private Limited, and Black Fox Financial Private Limited will act as the market maker for this issue.

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Indobell Insulation IPO Subscription Analysis And Details
Retail
52.37x
Total
54.18x
As onQIB / NIIRetailTotal
Shares Offered / Reserved10,47,00010,47,00020,94,000
Day 1 06-01-25 06:00 PM
0.40 x4.26 x2.33 x
Day 2 07-01-25 06:00 PM
0.81 x9.73 x5.27 x
Day 3 08-01-25 06:00 PM
51.41 x52.37 x54.18 x
Total No of Applications
24,268
Indobell Insulation Valuations
EPS Pre IPO ₹2.52/-
EPS Post IPO ₹1.35/-
P/E Pre IPO 18.24
P/E Post IPO 34.18
ROE 18.21%
ROCE 28.15%
Debt/Equity 0.93
RoNW 18.21%
PAT Margin 5.74
Price to Book Value 3.32
Indobell Insulation Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets1,528.771,232.031,488.6
Revenue1,798.572,105.22977.31
Profit After Tax103.2690.0115.34
Net Worth567.09472.63389.37
Reserves & Surplus157.6404.38321.12
Total Borrowing526.92424.34612.79
About Indobell Insulation Company

Indobell Insulation Limited, a company incorporated in May 1972, manufactures and manufactures insulation products such as 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 custom-fit insulation solutions according to the needs of each client, including specific sizes, shapes, and densities for projects such as 3D and 2D designs, manufacturing drawings, and thermal analysis.

The company has its manufacturing units in West Bengal and Maharastra. The company has certifications of ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), and ISO 45001:2018 (Occupational Health & Safety Management System) for the products Nodulated Fibers and thermal insulation materials.

As on 30 December, 2024, the company has a strength of 31 people in the organization.
Management Team with Years of Experience
Flawless functioning
Crystalline Organizational structure
Well established manufacturing facility
Quality assurance and accreditations
Diversified Product portfolio

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Indobell Insulation - Promoter(s)

Mr. Vijay Burman

Mr. Man Mohan Burman

Ms. Megha Burman

Ms. Raksha Burman

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : 65.00%

Indobell Insulation IPO - Issue Objectives
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 - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Indobell Insulation Limited2.52N/A13.8518.2418.213.54Standalone
Beardsell Ltd2.02N/A18.0120.8711.161.94Standalone

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on March 28, 2024, divided by the Diluted EPS.
  2. Return on Net Worth (%) = Net profit after tax divided by the closing net worth.
  3. NAV is computed as the closing net assets divided by the closing outstanding number of equity shares adjusted for bonus shares.
Contact Details

Indobell Insulation

88C, Lake View Road, Kolkata - 700029

+91 99032 51056

cs@indobell.com

https://www.indobell.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

smeipo@integratedindia.in

https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1