Indobell Insulation IPO
Open SmeCurrent GMP
₹39 (+84.78%)
Price Band
₹ 46 – 46
Lot Size
3000
Issue Size
₹10.14 Cr
Minimum Investment
₹276000 (6000 Shares)
Listing Date
13 January 2025
Subscription
54.18x
About the Company
Indobell Insulations Limited, initially incorporated as "Indobell Insulations Private Limited" in 1972, became a public limited company in 2012. The company specializes in manufacturing insulation products such as nodulated/granulated wool (ceramic and mineral fibre nodules) and pre-fabricated thermal insulation jackets. These products are used across various industries, including power, commercial, and residential sectors. The company provides a wide range of services such as consultancy, engineering, fabrication, material supply, installation, supervision, and project management, catering to international projects as well.
Key Products & Services:
- Products: Ceramic and mineral fibre nodules, pre-fabricated thermal insulation jackets.
- Services: Consultancy (advice on insulation technologies), engineering (material selection, quality control, CAD drawings), fabrication (insulation mattresses, heat shields), material supply (for turbines, pipelines, boilers), installation, supervision, and project management.
The company's primary revenue comes from the sale of insulation products, constituting 61.23% of its total revenue in Fiscal 2024. A significant portion of the revenue also comes from exports, which accounted for 33.71% of total revenue. Indobell's manufacturing facilities are located in West Bengal and Maharashtra, where they produce nodulated wool and ceramic fibre nodules.
Certifications & Recognition: Indobell holds ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Health & Safety) certifications. The company was also recognized as one of the best service providers in 2013 by The Bengal Chamber of Commerce and Industry.
Manufacturing & Operations: The company’s manufacturing process is carried out in-house across its two locations in West Bengal and Maharashtra, ensuring integrated production of insulation materials to meet diverse customer needs.
Promoters
- Mr. Vijay Burman
- Mr. Man Mohan Burman
- Ms. Megha Burman
- Ms. Raksha Burman
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
65.00%
Objects of the Issue
The Objects of the Issue are:
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- To meet the Working Capital Requirements
- General Corporate Purposes
Address / Contact Info
Indobell Insulation Limited
88C Lake View Road,
Kolkata - 700029
West Bengal
Phone: +91 99032 51056
Email: cs@indobell.com
Website: https://www.indobell.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 06 January 2025
IPO Close Date
Wednesday, 08 January 2025
Basis of Allotment
Thursday, 09 January 2025
Initiation of Refunds
Friday, 10 January 2025
Credit of Shares to Demat
Friday, 10 January 2025
Listing Date
Monday, 13 January 2025 — NSE & BSE
Important Dates
Open Date
06 January 2025
Close Date
08 January 2025
Basis Of Allotment
09 January 2025
Listing Date
13 January 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1320.22 | 1528.77 | 1232.03 | 1488.6 |
| Revenue | 556.3 | 1798.57 | 2105.22 | 977.31 |
| Profit After Tax | 42.39 | 103.26 | 90.01 | 15.34 |
| Net Worth | 609.49 | 567.09 | 472.63 | 389.37 |
| Reserve & Surplus | 199.99 | 157.6 | 404.38 | 321.12 |
| Total Borrowings | 341.84 | 526.92 | 424.34 | 612.79 |
EPS Pre
2.52%
EPS Post
1.35%
P/E Pre
18.24
P/E (Post Issue)
34.18x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2025. |
|---|---|
| ROE % | 18.21 |
| ROCE % | 28.15 |
| Debt / Equity | 0.93 |
| RoNW % | 18.21 |
| PbW | 0 |
| Pat Margin % | 5.74 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 111000 | 0 | 0 |
| Non-Institutional | 1047000 | 50 | 0 |
| Retail Investors | 1047000 | 50 | 0 |
| Total | 2094000 | 100 | 0 |
Subscription Status ( Wed, 08 Jan 25 01:21 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 4800000 | 0x |
| Non-Institutional | 1047000 | 53829000 | 51.41x |
| Retail Investors | 1047000 | 54828000 | 52.37x |
| Total | 2094000 | 113457000 | 54.18x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 138,000.00 |
| Retail (Max) | 1 | 3,000 | 138,000.00 |
| S-HNI (Min) | 2 | 6,000 | 276,000.00 |
Registrar
Integrated Registry Management Services Private Limited
044 - 28140801
einward@integratedindia.in
https://www.integratedindia.in
Book Running Lead Managers
- Finshore Management Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Indobell Insulation IPO is a Fixed price IPO worth ₹10.14 crores. The price band is ₹46 to 46 per share. The IPO opens on Mon, Jan 6, 2025 and closes on Wed, Jan 8, 2025. It will be listed on BSE and NSE. Integrated Registry Management Services Private Limited is the registrar.
The Indobell Insulation IPO opens on Mon, Jan 6, 2025 and closes on Wed, Jan 8, 2025
Indobell Insulation IPO Price Band is ₹46 to 46.
Indobell Insulation IPO lot size is 3000, and the minimum amount required for application is ₹276000.
The minimum investment for Indobell Insulation IPO is approximately ₹276000 based on the upper price band.
To apply for the Indobell Insulation IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Jan 8, 2025. After submission, funds are blocked until the basis of allotment of Indobell Insulation IPO is finalised.
Indobell Insulation IPO issue size is ₹10.14 crores.
Indobell Insulation IPO allotment date is Sat, Jun 27, 2026.
The registrar for Indobell Insulation IPO is Integrated Registry Management Services Private Limited. Investors can go to Integrated Registry Management Services Private Limited website for IPO allotment status, refund processing, and other queries related to Indobell Insulation IPO through their official website or helpline.
The Indobell Insulation IPO GMP (Grey Market Premium) is ₹39 as of Mon, Jan 13, 2025. Based on the upper price band of ₹46 per share, the estimated Indobell Insulation IPO listing price is ₹85, indicating a potential listing gain of approximately 31% over the issue price.