Indobell Insulation IPO is a fixed price offering amounting to ₹10.14 crores, consisting entirely of a fresh issue of 22.05 lakh shares.
The subscription window for the Indobell Insulation IPO will open on January 6, 2025, and close on January 8, 2025. The allotment of shares is expected to be finalized on Thursday, January 9, 2025. The IPO is set to list on the BSE SME platform, with a tentative listing date of Monday, January 13, 2025.
Indobell Insulation Limited operates in the manufacturing sector, specifically focusing on producing insulation products. Their product range includes nodulated and granulated wool (mineral and ceramic fiber nodules) and prefabricated thermal insulation jackets. These products cater to residential, commercial, and industrial applications.
The IPO price is set at ₹46 per share, with a minimum application lot size of 3,000 shares. Retail investors need to invest a minimum of ₹1,38,000, while high-net-worth individuals (HNIs) are required to apply for at least 2 lots (6,000 shares), amounting to ₹2,76,000.
Finshore Management Services Limited serves as the book-running lead manager for this issue, while Integrated Registry Management Services Private Limited acts as the registrar. The market-making responsibilities for the Indobell Insulation IPO are handled by Black Fox Financial Private Limited.
Indobell Insulation IPO Details:
| Company Name | Indobell Insulation Limited |
| Sector | Manufacturing |
| IPO Type | SME |
| IPO Open date | 06th Jan 2025 |
| IPO Close date | 08th Jan 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Indobell Insulation IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | 1,38,000 |
| HNI (Min) | 2 | 6000 | 2,76,000 |
Indobell Insulation IPO Timeline:
| IPO Open Date | 06th Jan 2025 |
| IPO Close Date | 08th Jan 2025 |
| Basis of Allotment | 09th Jan 2025 |
| Refund Initiation Date | 10th Jan 2025 |
| Shares Credit to Demat | 10th Jan 2025 |
| Listing Date | 13th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Indobell Insulation’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Indobell Insulation and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
