Indobell Insulation

Indobell Insulation

LISTED

IPO Date: 6 Jan - 8 Jan 2025

Listing Date: 13 Jan 2025

Price Range

₹46 - ₹46 per share

Issue Size

10 Cr

Min Investment

₹2,76,000

2 lots minimum (SEBI rule for SME)

Min Application

6000 Shares

3000 per lot × 2

View IPO Document

Schedule of Indobell Insulation

Issue open date

6 Jan 2025

Issue close date

8 Jan 2025

UPI mandate deadline

8 Jan 2025 (5 PM)

Allotment finalization

9 Jan 2025

Share credit

10 Jan 2025

Listing date

13 Jan 2025

Mandate end date

23 Jan 2025

Issue size

Funds Raised in the IPOAmount
Overall10 Cr
Fresh Issue10.14 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date9 Jan 2025
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
13 Jan 2025Latest₹46₹39₹85(+84.78%)
11 Jan 2025₹46₹34₹80(+73.91%)
10 Jan 2025₹46₹31₹77(+67%)
9 Jan 2025₹46₹15₹61(+32%)
8 Jan 2025₹46₹19₹65(+41%)
7 Jan 2025₹46₹0₹46(0%)
6 Jan 2025₹46₹0₹46(0%)

Performance Indobell Insulation

Issue PriceListing GainCurrent Market PriceP/L
₹46 - ₹46 per share₹ 92 (99.5%) ₹ 75.9765.15%

About Indobell Insulation

Indobell Insulations Limited, established in 1972 and headquartered in West Bengal, specialises in manufacturing and contracting insulation products, including mineral and ceramic fiber nodules, and prefabricated thermal insulation jackets. Key services include consultancy, engineering, fabrication, material supply, installation, supervision, and project management. With ISO certifications and a strategic presence in West Bengal and Maharashtra, Indobell serves diverse industries, including power and export markets, contributing 33.71% of revenue from exports in FY24. Led by an experienced team, the company emphasizes quality, customization, and innovation, offering tailored solutions to clients worldwide.

Founded in1972
Managing directorMr. Vijay Burman
Parent organizationIndobell Insulations Ltd

Financial Overview

Strengths

4
  1. 1

    Specialised in insulation products with a strong focus on the power sector

  2. 2

    Strategically located units in West Bengal and Maharashtra

  3. 3

    Significant export revenue (33.71% in FY24)

  4. 4

    ISO-certified for quality and safety standards

Risks

4
  1. 1

    Dependence on the power sector for revenue

  2. 2

    Vulnerable to geopolitical and currency risks

  3. 3

    Payment delays from large-scale clients

  4. 4

    Intense competition in the insulation industry

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)51.31
Retail Individual Investors (RIIs)52.37
EmployeeN/A
Total54.13