Indobell Insulation Limited IPO
Indobell Insulation Limited IPO
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The public market debut of Indobell Insulation Limited's was completed on 13-01-2025 with its listing on the BSE exchange. The IPO process raised 22,05,000 Shares in total capital, consisting of 22,05,000 Shares in new equity.
The offering featured a price range of ₹46 to ₹46 and minimum application size of 3000 shares. Investor response during the subscription period from 06-01-2025 to 08-01-2025 influenced the final allotment ratios across investor categories.
Final allotment was announced on 09-01-2025, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Indobell Insulation IPO About Company
Established in May 1972, Indobell Insulation Limited is a leading manufacturer of insulation products, including mineral and ceramic fiber nodules (granulated and nodulated wool) and prefabricated thermal insulation jackets for residential, commercial, and industrial use. The company offers customized insulation solutions with 2D/3D designs and thermal analysis to meet specific project needs. With manufacturing units in West Bengal and Maharashtra, Indobell holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, ensuring quality, environmental care, and safety standards. Supported by a team of 31 skilled professionals, the company continues to deliver efficient, reliable, and high-quality insulation solutions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Indobell Insulation IPO Strength Factors
- Experienced Management Team: Led by professionals with strong industry knowledge.
- Efficient Operations: Streamlined processes ensure timely delivery and consistent quality.
- Clear Organizational Structure: Well-defined hierarchy improves productivity and decision-making.
Indobell Insulation IPO Risk Factors
- Ongoing Legal Proceedings: Current legal cases involving the company or its leadership may affect operations and financial stability if outcomes are unfavorable.
- Development Plan Risks: Inability to execute proposed development plans effectively could impact performance.
- Manufacturing Expansion Delays: Delays in ordering or procuring machinery may disrupt timelines and increase costs.
Indobell Insulation IPO Lead Manager(s)
- Finshore Management Services Limited
Indobell Insulation IPO Promoter(s)
- Mr. Vijay Burman
- Mr. Man Mohan Burman
- Ms. Megha Burman
- Ms. Raksha Burman
Indobell Insulation IPO FAQs
Indobell Insulation Limited IPO subscribed 51.89 times. The public issue subscribed 52.37 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 24, 2025 11:35:49 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Indobell Insulation IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Indobell Insulation IPO FAQs
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