Indobell Insulation IPO Closed
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Schedule of Indobell Insulation
| Issue open date | 06 Jan 2025 |
| Issue close date | 08 Jan 2025 |
| UPI mandate deadline | 08 Jan 2025 (5 PM) |
| Allotment finalization | 09 Jan 2025 |
| Refund initiation | 10 Jan 2025 |
| Share credit | 10 Jan 2025 |
| Listing date | 13 Jan 2025 |
| Mandate end date | 23 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 08 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 09 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Indobell Insulation
Indobell Insulations Limited, established in 1972 and headquartered in West Bengal, specialises in manufacturing and contracting insulation products, including mineral and ceramic fiber nodules, and prefabricated thermal insulation jackets. Key services include consultancy, engineering, fabrication, material supply, installation, supervision, and project management. With ISO certifications and a strategic presence in West Bengal and Maharashtra, Indobell serves diverse industries, including power and export markets, contributing 33.71% of revenue from exports in FY24. Led by an experienced team, the company emphasizes quality, customization, and innovation, offering tailored solutions to clients worldwide.
Financials of Indobell Insulation
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹10.14 crores |
| Fresh Issue | ₹10.14 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure towards purchase of additional plant and machinery | 0.41 (4.04%) |
| Working Capital Requirements | 7.750 (76.49%) |
| General corporate purposes | 0.70 (6.90%) |
Strengths
- Specialised in insulation products with a strong focus on the power sector.
- Strategically located units in West Bengal and Maharashtra.
- Significant export revenue (33.71% in FY24).
- ISO-certified for quality and safety standards.
Risks
- Dependence on the power sector for revenue.
- Vulnerable to geopolitical and currency risks.
- Payment delays from large-scale clients.
- Intense competition in the insulation industry.
Allotment Status for Indobell Insulation
To check your allotment status – click here.