Indobell Insulation Limited IPO is going to open on January 6 to raise Rs 10.14 crore. Before subscribing to this issue, check out 10 key points about this IPO.

1) Indobel Insulation IPO Size and Promoters

This is a fixed price issue of Rs 10.14 crore. This is a completely fresh issue of 22.05 lakh shares. The promoters of the company are Vijay Burman, Man Mohan Burman, Megha Burman and Raksha Burman.

2) Indobel Insulation Limited IPO Price Band

The price of Indobell Insulation IPO has been fixed at Rs 46 per share. The minimum lot size with one application is 3000 shares. The minimum investment amount for retail investors is Rs 1 lakh 38 thousand.
 

3) Indobel Insulation IPO GMP

According to market sources, Indobell Insulation IPO GMP in the unlisted market is Rs Zero.
 

4) About Indobel Insulation Limited

Kolkata-based Indobel Insulation Limited is a manufacturer of insulation products including nodulated and granular wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets.

The company's products are used in residential, commercial and industrial applications with various related insulation materials. The company provides customised insulation solutions tailored to customer requirements, including specific sizes, shapes and densities for projects involving 3D and 2D design, manufacturing drawings and thermal analysis. The company's manufacturing units are located in West Bengal and Maharashtra. The company has received ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System) and ISO 45001:2018 (Occupational Health and Safety Management System) certifications for the production of nodulated fibre and thermal insulation materials.

5) Financial Performance of Indobel Insulation Limited

The company's revenue in FY24 was Rs 17.98 crore and profit after tax was Rs 1.03 crore. In the current financial year, for the period ending 30 September 2024, the company's revenue is Rs 5.56 crore and profit after tax is Rs 42.39 lakh.
 

6) Purpose of the offer

The objective of the issue is to finance purchase of additional plant and machinery, meet working capital requirements and for general corporate purpose.
 

7) Indobel Insulation Limited IPO Lead Manager

Finshore Management Services Limited is the book running lead manager of Indobel Insulation IPO.

8) Indobel Insulation Limited IPO Registrar

Integrated Registry Management Services Private Limited is the registrar of this issue.

9) Issue Structure

50% reserved for retail investors 50% for others.

10) Important Dates

The IPO will open on January 6 and close on January 8. Allotment of shares will be finalized on January 9 and the final allotment will be done on January 10. The company's shares will be listed on BSE, SME on January 13.