The Indobell Insulations IPO will be open for subscription from January 6, 2025, to January 8, 2025. This is a fixed-price issue with a price band set at ₹46 per share. The company is aiming to raise approximately ₹10.14 crores through the fresh issue of 22.05 lakh shares. The allotment of shares will be finalized on January 9, 2025, and the shares are expected to list on the BSE SME segment on January 13, 2025.
The IPO offers a 50% retail quota and a 50% quota for high-net-worth individuals (HNIs), with no allocation for qualified institutional buyers (QIBs). The minimum investment for retail investors is ₹1,38,000 for 3,000 shares, while HNIs need to apply for a minimum of 6,000 shares (2 lots), amounting to ₹2,76,000.
Indobell Insulation reported a decline in revenue, with ₹17.88 crores in 2024, down from ₹20.77 crores in 2023. However, the company saw an increase in profits, reporting ₹1.03 crores in 2024, compared to ₹0.90 crores in the previous year. Based on these financials, long-term investors may find this IPO to be a promising opportunity.
Overview of Contents
Indobell Insulation IPO Overview
| IPO Detail | Information |
|---|---|
| IPO Open Date | January 6, 2025 |
| IPO Close Date | January 8, 2025 |
| Listing Date | January 13, 2025 (tentative) |
| Face Value | ₹10 per share |
| Price per Share | ₹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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Pre-Issue Shareholding | 40,94,952 shares |
| Post-Issue Shareholding | 62,99,952 shares |
| Market Maker Portion | 1,11,000 shares |
| Retail Quota | 50% |
| HNI Quota | 50% |
| QIB Quota | 0% |
| Minimum Investment (Retail) | ₹1,38,000 (3,000 shares) |
| Minimum Investment (HNI) | ₹2,76,000 (6,000 shares) |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click here |
| Anchor Investors List | Click Here |
Indobell Insulation IPO Lot Size
Retail investors can apply for a minimum of 1 lot (3,000 shares), which will require an investment of ₹1,38,000. Similarly, high-net-worth individuals (HNIs) are required to apply for a minimum of 2 lots (6,000 shares), amounting to ₹2,76,000.
| Application | Lots | Shares | 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 Dates
| IPO Open Date | Monday, January 6, 2025 |
|---|---|
| IPO Close Date | Wednesday, January 8, 2025 |
| Basis of Allotment | Thursday, January 9, 2025 |
| Initiation of Refunds | Friday, January 10, 2025 |
| Credit of Shares to Demat | Friday, January 10, 2025 |
| Listing Date | Monday, January 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 8, 2025 |
Indobell Insulation IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Indobell Insulation IPO Promoter Holding
The Indobell Insulation IPO involves a significant reduction in promoter holding post-issue. Currently, the promoters of the company are Mr. Vijay Burman, Mr. Man Mohan Burman, Ms. Megha Burman, and Ms. Raksha Burman. The table below outlines the promoter shareholding before and after the IPO.
| Shareholding | Pre-Issue | Post-Issue |
|---|---|---|
| Promoter Holding | 99.99% | 65.00% |
About Indobell Insulation IPO
Indobell Insulation Limited, established in May 1972, manufactures a variety of insulation products, including nodulated and granulated wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets. These products serve residential, commercial, and industrial applications.
The company provides customized insulation solutions, with offerings tailored to specific project needs, including 3D and 2D designs and thermal analysis. Operating in West Bengal and Maharashtra, it holds certifications such as ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. As of December 30, 2024, it employs 31 people and is supported by a strong management team.
Founded in 1998, Indobell Insulation initially focused on manufacturing mineral and ceramic fibre nodules and thermal insulation jackets. The company expanded to offer services in the power industry, including insulation, scaffolding, surface protection, fire safety, and chimney lining. Financially, the company reported a revenue of ₹17.88 crores in 2024, down from ₹20.77 crores in 2023, with a Profit After Tax (PAT) of ₹1.03 crores in 2024, up from ₹0.90 crores in 2023.
Indobell Insulation Limited Financial Information
The following table presents the key financial figures of Indobell Insulation Limited over the past few years, highlighting its assets, revenue, profit after tax, net worth, reserves and surplus, and borrowings as of various periods.
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Lakhs) | 1,320.22 | 1,528.77 | 1,232.03 | 1,488.6 |
| Revenue (₹ Lakhs) | 556.3 | 1,798.57 | 2,105.22 | 977.31 |
| Profit After Tax (₹ Lakhs) | 42.39 | 103.26 | 90.01 | 15.34 |
| Net Worth (₹ Lakhs) | 609.49 | 567.09 | 472.63 | 389.37 |
| Reserves and Surplus (₹ Lakhs) | 199.99 | 157.6 | 404.38 | 321.12 |
| Total Borrowing (₹ Lakhs) | 341.84 | 526.92 | 424.34 | 612.79 |
Indobell Insulations IPO Valuation – FY2024
These KPIs demonstrate the company’s solid profitability, with notable return on equity and capital employed. The company’s debt to equity ratio is moderate, indicating a balanced approach to leveraging. The P/E ratio and EPS reflect the market’s view of the company’s earnings potential, while the EBITDA and PAT margins show strong operational efficiency. The Net Asset Value further supports its financial stability.
| KPI | Values |
|---|---|
| ROE (Return on Equity) | 18.21% |
| ROCE (Return on Capital Employed) | 28.15% |
| EBITDA Margin | 11.30% |
| PAT Margin (Profit After Tax) | 5.74% |
| Debt to Equity Ratio | 0.93 |
| Earnings Per Share (EPS) | ₹2.52 (Basic) |
| Price/Earnings (P/E) Ratio | 18.24 |
| Return on Net Worth (RoNW) | 18.21% |
| Net Asset Value (NAV) | ₹13.85 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Beardsell Limited | 2.02 | 20.87 | 11.16% | 18.01 | 231.46 Cr. |
Objects of the Issue
The funds from the Indobell Insulation IPO will be used for capital expenditure to purchase additional plant and machinery, meet working capital requirements, and for general corporate purposes to support business growth.
Indobell Insulations IPO Registrar
Integrated Registry Management Services Private Limited
Phone: 044 – 28140801 to 28140803
Email: smeipo@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
Company Address
Indobell Insulation Limited
88C
Lake View Road,
Kolkata – 700029
Phone: +91 99032 51056
Email: cs@indobell.com
Website: https://www.indobell.com/
Indobell Insulations IPO FAQs
What is the Indobell Insulation IPO Issue Size?
The Indobell Insulation IPO is a fresh issue of 22.05 lakh shares amounting to approximately ₹10.14 crores.
What is the Price Band for the Indobell Insulation IPO?
The IPO price is set at ₹46 per share.
When is the Indobell Insulation IPO Opening and Closing?
The IPO opens for subscription on January 6, 2025 and closes on January 8, 2025.
What is the Minimum Lot Size for the IPO?
The minimum lot size for the IPO is 3,000 shares.
What is the Allotment Date for the Indobell Insulation IPO?
The allotment for the Indobell Insulation IPO is expected to be finalized on January 9, 2025.
When Will the Indobell Insulation IPO Be Listed?
The IPO is expected to be listed on the BSE SME on January 13, 2025.
What is the Face Value of Each Share in the Indobell Insulation IPO?
The face value of each share is ₹10.
What is the Category-wise Allocation for the IPO?
The IPO has a 50% retail quota, 0% QIB quota, and 50% HNI quota.
What are the Key Objectives of the Indobell Insulation IPO?
The funds raised will be used for capital expenditure, working capital requirements, and general corporate purposes.
What is the Promoter Holding in the Company Before and After the IPO?
The promoter holding will decrease from 99.99% pre-issue to 65.00% post-issue.