Indobell Insulations Ltd
Indobell Insulation Limited, a Kolkata-based manufacturer specializing in insulation products, is set to launch its Initial Public Offering (IPO) on the BSE SME platform. The company aims to raise ₹10.14 crore through this fixed-price issue.
Company Overview
Established in 1998, Indobell Insulation Limited produces a range of insulation materials, including mineral and ceramic fiber nodules, as well as prefabricated thermal insulation jackets. These products are utilized across residential, commercial, and industrial applications to enhance energy efficiency and safety.
IPO Timeline
- IPO Opening Date: January 6, 2025
- IPO Closing Date: January 8, 2025
- Basis of Allotment: January 9, 2025
- Initiation of Refunds: January 10, 2025
- Credit of Shares to Demat Accounts: January 10, 2025
- Listing Date: January 13, 2025
Price Band and Lot Size
- Issue Price: ₹46 per share
- Lot Size: 3,000 shares
- Minimum Investment: ₹1,38,000 for retail investors
- Minimum Investment for HNIs: 6,000 shares amounting to ₹2,76,000
Financials
| Financial Metric | FY2023 | FY2024 |
|---|---|---|
| Revenue (₹ in Crores) | 20.77 | 17.88 |
| Profit After Tax (₹ Cr) | 0.90 | 1.03 |
Strengths
- Established Industry Presence: Over two decades of experience in the insulation manufacturing sector.
- Diverse Product Range: Offers a variety of insulation solutions catering to multiple applications.
- Quality Certifications: ISO-certified for quality and safety standards.
Risks
- Revenue Dependence: Significant reliance on the power sector for revenue.
- Market Competition: Faces competition from both domestic and international insulation product manufacturers.
- Payment Delays: Potential delays in payments from large-scale clients could impact cash flow.
IPO Anchor Investors Details
As of now, there is no information available regarding anchor investors for this IPO.
IPO Promoter Holding
The promoters of the company are Mr. Vijay Burman, Mr. Man Mohan Burman, Ms. Megha Burman, and Ms. Raksha Burman. The pre-issue shareholding of the promoters is 99.99%, which will reduce to 65.00% post-issue.
IPO Grey Market Premium (GMP)
As of January 2, 2025, there is no reported Grey Market Premium for Indobell Insulation Limited’s IPO.
Final Thoughts
Indobell Insulation Limited’s IPO offers investors an opportunity to invest in a company with a longstanding presence in the insulation manufacturing industry. Potential investors should carefully assess the company’s financial performance, market position, and associated risks before making investment decisions.