Indobell Insulation’s IPO listing exceeded grey market expectations on Monday, January 13, 2025. The shares debuted at ₹87.40 on the BSE SME, marking a 90% premium over the issue price of ₹46. Ahead of the listing, the shares had been trading at ₹85 in the grey market, reflecting a premium of ₹39 or 84.78% over the issue price, according to sources tracking grey market activities.
Indobell Insulations IPO Subscription Status
The Indobell Insulations IPO received an overwhelming response, with the subscription closing at 54.13x on January 8, 2025. Retail Individual Investors (RIIs) subscribed 52.37x, while Non-Institutional Investors (NIIs) subscribed 51.31x, showcasing strong demand across both categories.
A total of 20,94,001 shares were offered, split equally between RIIs and NIIs, with each allocated 10,47,000 shares. By the close, 11.33 crore bids were received, amounting to ₹521.39 crores, with RIIs bidding for ₹252.21 crores and NIIs for ₹247.10 crores. This exceptional response highlights investor confidence in the company’s growth potential.
Indobell Insulations IPO GMP
Indobell Insulation shares are set to debut on the exchanges on Monday, with a grey market premium (GMP) of ₹39. Based on the upper price band of ₹46, the stock is expected to list at an 85% premium to its issue price.
Details About Indobell Insulations IPO
The Indobell Insulations IPO, which was open for subscription from January 6 to January 8, 2025, raised ₹10.14 crores through a fixed-price issue at ₹46 per share, offering 22.05 lakh shares. Allotment was finalized on January 9, 2025, and the shares are expected to list on the BSE SME segment on January 13, 2025. Despite a revenue decline to ₹17.88 crores in 2024 (from ₹20.77 crores in 2023), profits increased to ₹1.03 crores from ₹0.90 crores.
Retail Quota: 50%, minimum investment of ₹1,38,000 (3,000 shares).
HNI Quota: 50%, minimum investment of ₹2,76,000 (6,000 shares).
Indobell Insulations Financial Background
As of September 30, 2024, the company reported assets of ₹1,320.22 lakhs, with a revenue of ₹556.3 lakhs and a profit after tax of ₹42.39 lakhs. Its net worth stood at ₹609.49 lakhs, while reserves and surplus were ₹199.99 lakhs. Total borrowings decreased to ₹341.84 lakhs from ₹526.92 lakhs in March 2024.
Indobell Insulations 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 |
About Company
Indobell Insulation Limited, established in May 1972, specializes in manufacturing insulation products like mineral and ceramic fiber nodules and prefabricated thermal insulation jackets for residential, commercial, and industrial applications.
The company provides customized insulation solutions, including 3D/2D designs and thermal analysis, and operates in West Bengal and Maharashtra. It holds certifications like ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. In 2024, the company reported a revenue of ₹17.88 crores and a Profit After Tax (PAT) of ₹1.03 crores.