Indobell Insulations IPO subscribed overall 54.13 times on the last day, while A retail quota was subscribed 52.37 times, QIB was subscribed 0.00 times, and NII quota subscribed 51.31 times respectively.
Details About Indobell Insulations
Indobell Insulations received approval from SEBI for an IPO worth ₹10.14 crores with a face value of 10 for each share to raise funds and maintain financial stability. Moreover, the company has set up a price band is ₹46 per share In this IPO, a total of 3000 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category also, while S-HNI (Min) had a total of 6000 shares in 2 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,38,000 and maximum.
- Small HNI (S-HNI): Minimum investment of ₹2,76,000.
Subscription duration of Indobell Insulations
The opening date of Indobell Insulations IPO subscription was January 6 and the closing date was January 8, 2025. The Indobell Insulations IPO allotment was finalized on January 9, 2025, and the IPO listing is on January 13, 2025.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- Financing capital expenditures for the acquisition of more equipment and plants
- For Working Capital Requirements
- General Corporate Purposes
About Indobell Insulations IPO
After its establishment in 1998, Indobell Insulations was famous for manufacturing and contracting insulation products, including mineral and ceramic fiber nodules, as well as prefabricated thermal insulation jackets. Additionally, these nodules are beneficial in a variety of contexts, including industries, residences, and other insulation applications. This company was started by the close association to a growing need for energy savings. Financially, the company generated a revenue of ₹17.88 crores in 2024, compared to ₹20.77 crores in 2023. The Profit After Tax (PAT) stood at ₹1.03 crores in 2024, up from ₹0.90 crores in 2023.
Indobell Insulations IPO Financial Background
The company reported revenue of ₹17.88 crore in 2024 against ₹20.77 crore in 2023. The company reported a profit of ₹1.03 crores in 2024 against a Profit of ₹0.90 crores in 2023.
