Indobell Insulation IPO: GMP, Date, Price & Details

Indobell Insulation IPO-Complete Overview

Indobell Insulation IPO under the SME IPO category is a fixed price issue of Rs.10.14 Cr (22.05 lac Shares) by Indobell Insulation Limited established in May 1972. The company manufactures insulation products, such as nodulated and granulated wool (both mineral and ceramic fiber nodules), pre-fabricated thermal insulation jackets, and similar products. Most insulation materials manufactured by it are for use in residences, offices, and industries.

Some of the many varieties of products made available by the Company include the following:

Nodulated/Granulated Wool that consists of:

1. Ceramic Fibres Nodules

2. Mineral Fibre Nodules

3. Pre-fabricated Thermal Insulation Jackets

The company offers customized insulation requirements for the client, varying sizes, shapes, and densities for projects involving 3D and 2D designs, manufacturing drawings, and thermal analysis.

The two manufacturing facilities of the company are located in West Bengal and Maharashtra. The company has been certified for ISO 9001:2015 for the Quality Management System, ISO 14001:2015 for the Environmental Management System, and ISO 45001:2018 for the Occupational Health & Safety Management System applicable to the production of Nodulated Fibers as well as thermal insulation materials.

Indobell IPO Overview

This Indobell Insulation IPO date is 06 January, and its ‘initial public offering’ will end on 08 January 2025. 

The Rs.10.14 crore new SME IPO comprises a wholly fresh issue of 22.05 lac Shares.

This upcoming IPO date is on 06 January 2025. The Indobell Insulation IPO Price is Rs.46 for each Share. 

The expected IPO listing date is Monday, 13 January 2025, and listing at BSE and SME.

To open a demat account and apply for the IPO, Click Here.

Company Financial

(Amount in Lac)

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in lac)

 

Product-wise Revenue Breakdown  

(Amount in lac)

Geography-wise Revenue Breakdown  

(Amount in lac)

 

State-wise Revenue Breakdown  

(Amount in lac)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing capital expenditures for the acquisition of more equipment and plants.

• To fulfill the requirements for working capital.

• General corporate purposes.

 

Peers of Indobell Insulation IPO Ltd.

 

Note:-The basic EPS of the peers is for the financial year ended on 31 March 2024.

 

Evaluation

The Indobell IPO share price is Rs.46 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 March 2024 with an EPS of Rs.2.52 from the last year, the resulting P/E ratio is 18.24x.

Considering the weighted EPS of Rs.2.06 for the last three years, the P/E ratio is 22.33x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is NA.

IPO's Strengths

• Competent management team.

• Seamless operations flow.

• Clearly defined organizational structure

• Established manufacturing infrastructure

• Quality assurance and certifications

• Diverse product portfolio
  
  

IPO’s Weaknesses

• Dependency on Key Personnel: The success of the company depends on its Directors, Promoters, and key managerial personnel. Their departure or failure to attract adequately qualified replacements may adversely affect the business operations and growth.

• Risks Associated with Challenges in Building Brand Recognition: Cultivation and sustenance of strong brand recognition are critical elements for the acquisition of customers and such success in business and missteps in this aspect would have ramifications on the financial condition and results of the company.

• Market and Competitive Risks: The company is part of an industry that is very competitive with low entry barriers, which leaves it open to threats from organized and unorganized competitors. Increased competition could negatively affect market share and profitability.

• Economic Slowdowns: Substantial regional or global slowdown in economic growth will affect demand for the company's products and consequently its financial condition.

• Operational Interruptions Caused by Pandemic: Events, such as the COVID-19 pandemic of 2020, adversely affect the functioning of businesses, supply chains, and financial performances. Similar disruptions may occur due to another pandemic or public health emergencies.

 

Indobell Insulation IPO GMP

Indobell Insulation IPO GMP today has not started as of 02 January 2025.

IPO Timetable (Tentative)

The IPO opening date is January 06, with allotment on January 09, refund initiation on January 10, and listing on January 13, 2025.

Indobell Insulation IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 22,05,000 Shares (Rs.10.14 Cr).

Indobell Insulation Limited IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (3000 Shares) amounting to Rs.138000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (6000 Shares) amounting to Rs.276000.

 

IPO Reservation (% of Net Issue)

Promoters And Management of Indobell Insulation Ltd.

• Mr. Vijay Burman

• Mr. Man Mohan Burman

• Ms. Megha Burman

• Ms. Raksha Burman.
  
  

IPO Lead Managers

Finshore Management Services Limited.

Dividend Policy

 

Conclusion

Indobell Insulation IPO is an opportunity for investors as one of the well-established companies in its line of products with esteemed manufacturing facilities that are ISO certified. The use of proceeds from the IPO would be on capital expansion, working capital requirements, and general corporate purposes. 

Some of the well-known strengths indicate competent management teams and quality assurance, while potential risks include market competition and economic slowdowns. Investors should take some time to evaluate whether the company's financials meet their expectations and how much growth potential the company has.

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DISCLAIMER: NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company

To Read the Prospectus of the Company Click Here  to Download the DRHP.

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