Indobell Insulations Limited, a prominent manufacturer and supplier of insulation materials in India, recently concluded its Initial Public Offering (IPO) on the BSE SME platform. Here are the key details:

IPO Details:

• Issue Period: January 6 to January 8, 2025.
• Issue Size: ₹10.14 crore, comprising a fresh issue of 22.05 lakh equity shares.
• Issue Price: Fixed at ₹46 per equity share.
• Lot Size: 3,000 shares, requiring a minimum investment of ₹138,000.
• Listing Date: Scheduled for January 13, 2025, on the BSE SME platform.

Subscription Details:

The IPO received an overwhelming response, being oversubscribed 54.13 times. The breakdown is as follows:

• Retail Individual Investors (RIIs): Subscribed 52.37 times.
• Non-Institutional Investors (NIIs): Subscribed 51.31 times.

Allotment and Listing:

• Allotment Finalization: January 9, 2025.
• Initiation of Refunds: January 10, 2025.
• Shares Credited to Demat Accounts: By January 10, 2025.
• Listing Date: January 13, 2025.

Company Overview:

Established in May 1972, Indobell Insulations Limited is a leading manufacturer and supplier of insulation materials, including nodular/granular wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets. The company offers customized insulation solutions tailored to specific customer requirements and serves both domestic and international markets.

Financial Highlights:

• Revenue: ₹1,798.57 lakh for the fiscal year ended March 31, 2024.Profit After Tax: ₹103.26 lakh for the same period.Net Worth: ₹567.09 lakh as of March 31, 2024.

Utilization of Funds:

Proceeds from the IPO are planned for:

• Capital Expenditure: Funding the purchase of additional plant and machinery.
• Working Capital Requirements: Supporting the company’s operational needs.
• General Corporate Purposes.

For more detailed information, you may refer to the official prospectus and financial reports of Indobell Insulations Limited.