Indobell Insulation came to market through an SME IPO that opened on 6 January 2025 and closed on 8 January 2025, and the shares listed on 13 January 2025 on BSE SME. The price band was ₹46 per share and one lot was 3000 shares, so the minimum application was ₹1,38,000. The issue size was ₹10.14 crore. The whole issue was fresh shares, so the money raised went to the company.
Integrated Registry Management Services Private Limited was the registrar to the issue, and Finshore Management Services Limited was the lead manager.
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Indobell Insulation Limited, a company incorporated in May 1972, manufactures and manufactures insulation products such as nodulated and granulated wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets. The company's products are used in residential, commercial, and industrial applications alongside various related insulation materials. The company's product range includes:
Nodulated/Granulated Wool which includes Ceramic Fibres Nodules Mineral Fibre Nodules Pre-fabricated Thermal Insulation Jackets The company provides custom-fit insulation solutions according to the needs of each client, including specific sizes, shapes, and densities for projects such as 3D and 2D designs, manufacturing drawings, and thermal analysis. The company has its manufacturing units in West Bengal and Maharastra.
The company has certifications of ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), and ISO 45001:2018 (Occupational Health & Safety Management System) for the products Nodulated Fibers and thermal insulation materials. As on 30 December, 2024, the company has a strength of 31 people in the organization. Management Team with Years of Experience Flawless functioning Crystalline Organizational structure Well established manufacturing facility Quality assurance and accreditations Diversified Product portfolio
As described in the offer document.
Mr. Vijay Burman, Mr. Man Mohan Burman, Ms. Megha Burman, Ms. Raksha Burman. Promoter holding 99.99% before the issue and 65.00% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Indobell Insulation IPO was a ₹10.14 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹46 per share with a lot size of 3,000 shares (₹1,38,000). The IPO was open from January 6 to January 8, 2025. Shares listed on BSE SME on January 13, 2025 at ₹87.40, a 90.0% premium to the issue price of ₹46. Integrated Registry Management Services Private Limited is the registrar.
Finshore Management Services Limited is the book running lead manager.
The issue price of Indobell Insulation IPO is ₹46 per share (fixed price).
The lot size of Indobell Insulation IPO is 3000 shares.
The minimum investment for Indobell Insulation IPO is approximately ₹1,38,000 based on the issue price.
The allotment date of Indobell Insulation IPO is Jan 9, 2025.
Indobell Insulation IPO's final recorded GMP before listing was ₹28 per share (a 61% premium over the ₹46 upper price band). The shares listed at ₹87.4. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Indobell Insulation IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Indobell Insulation IPO allotment status on Rupix for quick and easy access.
₹46 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 3000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,38,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,38,000, for one lot of 3000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 6 January 2025 and closed on 8 January 2025.
The basis of allotment was published on 9 January 2025 by Integrated Registry Management Services Private Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 13 January 2025 on BSE SME.
The issue size was ₹10.14 crore. The fresh issue was 22,05,000 shares (aggregating up to ₹10.14 crore).