Indobell Insulation
CLOSEDIPO Date: 6 Jan - 8 Jan 2025
Listing Date: 13 Jan 2025
Price Range
₹46 - ₹46 per share
Issue Size
10 Cr
Min Investment
₹1,38,000
Lot Size
3000 Shares
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 IPO | Amount |
|---|---|
| Overall | 10 Cr |
| Fresh Issue | 10.14 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 9 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
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.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 13 Jan 2025 | ₹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 Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹46 - ₹46 per share | ₹ 92 (99.5%) | ₹ 138 | 200.00% |
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 in | 1972 |
| Managing director | Mr. Vijay Burman |
| Parent organization | Indobell Insulations Ltd |
Financial Overview
Strengths
- Specialised in insulation products with a strong focus on the power sector
- Strategically located units in West Bengal and Maharashtra
- Significant export revenue (33.71% in FY24)
- ISO-certified for quality and safety standards
Risks
- Dependence on the power sector for revenue
- Vulnerable to geopolitical and currency risks
- Payment delays from large-scale clients
- Intense competition in the insulation industry
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 51.31 |
| Retail Individual Investors (RIIs) | 52.37 |
| Employee | N/A |
| Total | 54.13 |