Indobell Insulation is coming up with an IPO offering 22,05,000 fresh equity shares of the company, aggregating to INR 10.14 crores. The company intends to purchase additional plant and machinery and meet working capital expenditure and general corporate expenses.

Indobell Insulation IPO – Important Dates

Indobell Insulation Limited IPO – Company Profile 

Indobell Insulations Limited Manufactures and Contracts for Insulation Products like Nodulated/Granulated Wool (Mineral and Ceramic Fibre Nodules) and Prefabrication Thermal Insulation Jackets. These products are used to insulate a variety of applications, including homes, commercial buildings, and industrial plants. Indobell Insulations Limited also manufactures and contracts for all other related insulation materials, which are part of the company’s insulation designs. 

The core business is carried out in the power industry, which requires a full range of insulation and lining Services, scaffolding, surface protection, refractory, passive fire protection and borosilicate lining in chimneys. 

The company’s range of products under its manufacturing capabilities are summarised as follows: 

• Nodulated/Granulated Wool, which includes – Ceramic Fibres Nodules – Mineral Fibre Nodules • Pre-fabricated Thermal Insulation Jackets

Indobell Insulations Ltd IPO Fundamental Analysis  

Indoshell Insulations has shown resilience in managing costs and maintaining profitability; declining revenue and short-term challenges necessitate caution.

Revenue Growth: 

The revenue decline suggests challenges in maintaining sales momentum. The drop in H1 FY2025 may indicate seasonal or operational challenges impacting performance.

Profitability: 

Despite declining revenue, PAT growth in FY2024 shows improved efficiency. However, the H1 FY2025 figure is significantly lower, hinting at potential pressures.

Return on Net Worth (RoNW): 

RoNW decline reflects increased equity and reduced efficiency in generating returns.

Earnings Per Share (EPS): 

EPS growth aligns with profitability. Annualising H1 FY2025 EPS suggests a slight decline compared to FY2024.

Net Asset Value (NAV) per Equity Share: 

The significant NAV increase reflects shareholder value creation, with continued growth in H1 FY2025.

Asset and Liability Management: 

The company has invested in asset growth, but the slight dip in H1 FY2025 could indicate operational adjustments. Liabilities have been reduced in H1 FY2025, improving the debt position.

Indobell Insulation IPO Financial Analysis

Indobell Insulation Limited IPO Peer Comparison

Indobell Insulations, with ₹1,788.15 lakhs revenue, outperforms Beardsell’s 11.16% RoNW at 18.21%. However, Beardsell’s ₹23,146.00 lakhs revenue and higher NAV of ₹18.01 exceed Indobell’s ₹13.85 despite lower EPS of ₹2.02.

Indobell Insulations Ltd IPO Objective

Indobell Insulations plans to invest INR 0.41 crores for upgrading machinery, INR 7.75 crores to fund working capital needs, and the remaining funds for general corporate purposes, enhancing operations, R&D, and distribution.

1. To purchase additional plant and machinery: The Company is proposing to install a Multi CNC Abrasive Horizontal and Vertical Cutting Machine. Currently, the Company performs all cutting and sizing activities for insulation materials manually. The company proposes to utilise up to INR 0.41 crores of the net proceeds for the said purpose.

2. To fund the working capital requirement: The company proposes to utilise up to INR. 7.75 crores of the net proceeds to meet its estimated working capital requirements. This will be utilised to meet the company’s working capital requirements.

3. General corporate purposes:  The company will deploy funds for general corporate purposes and target synergies benefiting from management expertise, R&D, manufacturing, and distribution network.

Indobell Insulation IPO Risks And Challenges

Indobell Insulations faces legal proceedings involving Directors, Promoters, and Group Companies, which could adversely affect operations. Dependence on a few major customers and intense competition may impact revenue, profitability, and market demand.

1. The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the business, operations, and financial condition.

2. A substantial portion of the revenues has been dependent upon a few customers. The loss of any one or more of the major customers would have a material effect on the business operations and profitability.

3. The company faces competition, including from other large and established competitors, and it may fail to compete successfully against existing or new competitors, which may reduce the demand for the Products, leading to reduced prices, operating margins, and profits and further result in a decline in revenue. 

Indobell Insulations Ltd IPO – Industry & Market Potential

The Indian thermal insulation market is expected to reach INR 3,674.98 crore by 2028 from INR 2,189.81 crore in 2020. The market is estimated to grow at a CAGR of 7.4% from 2021 to 2028. India has emerged as a manufacturing hub.

The ‘Make in India’ campaign places India on the world map as a manufacturing centre and gives global recognition to the Indian economy. India’s manufacturing sector has the potential to cross US$ 1 trillion by 2025; also, according to the Indian Brand Equity Foundation, India is projected to rank among the top three growing economies and manufacturing destinations in the world.

Indobell Insulation Limited IPO – Type of Offer

Indobell Insulation’s IPO comprises 22,05,000 fresh equity shares worth INR 10.14 crores. Proceeds will fund plant and machinery acquisition, working capital requirements, and general corporate purposes.

Indobell Insulation IPO Offer Size

The offer size for Indobell Insulation’s IPO is INR 10.14 crores, comprising 22,05,000 fresh equity shares. Proceeds will fund machinery acquisition, working capital needs, and general corporate purposes.

Indobell Insulation Limited IPO Allotment Structure

Indobell Insulation Limited’s IPO allotment structure includes categories for retail individual investors (RII), non-RIIs with application values exceeding INR 2 lakhs, and a reservation for market makers for 1,11,000 shares. 

Retail Individual Investors (RII): The application value does not exceed INR 2 lakhs. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.

Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs. 

Market Maker Reservation: 1,11,000 shares are reserved for market makers. 

How to apply for Indobell Insulation IPO through Alice Blue?

To apply for the Indobell Insulation IPO through Alice Blue, you would typically follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Indobell Insulation IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for Indobell Insulation IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How to Check Indobell Insulation IPO Allotment Status on Alice Blue?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Indobell Insulation IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Indobell Insulation IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance. 

Apart from Alice Blue, there are other ways to check the allotment status of the Indobell Insulation IPO:

● Registrar’s Website: Visit the website of Integrated Registry Management Services (P) Limited, the registrar of the Indobell Insulation IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

●   BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.

 Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.

Indobell Insulation Ltd IPO Offer Registrar

The registrar for the Indobell Insulation Limited IPO is Integrated Registry Management Services (P) Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar:

Integrated Registry Management Services (P) Limited

No 30, Ramana Residency, 4th Cross,

Sampige Road, Malleswaram,

Bengaluru – 560003, India Telephone

Email: [email protected] 

Website: www.integratedregistry.in

Indobell Insulation Ltd IPO FAQs

What is the allotment date of the Indobell Insulation IPO?

The allotment date of Indobell Insulation IPO is January 9, 2025.

What is the price band of Indobell Insulation IPO? 

The price band of Indobell Insulation IPO is INR 46 per share.

What is the size of the Indobell Insulation IPO?

The offer size for Indobell Insulation’s IPO is INR 10.14 crores, comprising 22,05,000 fresh equity shares. Proceeds will fund machinery acquisition, working capital needs, and general corporate purposes.

What is the listing date of the Indobell Insulation IPO?

The listing date of Indobell Insulation IPO is January 13, 2025.

Where is the Indobell Insulation IPO Getting Listed? 

Indobell Insulation is getting listed on the SME (Small Medium Enterprise) Platform of the Bombay Stock Exchange (BSE).

What are the open and close dates of the Indobell Insulation Limited IPO? 

The open and close dates of Indobell Insulation Limited are January 6, 2025, and January 8, 2025, respectively. 

How to apply for Indobell Insulation Ltd IPO in Alice Blue? 

To apply for the Indobell Insulation Limited IPO through Alice Blue, open a Demat and Trading account, check IPO details, place your bid, and submit your application. After allotment, check your status. Share allotment depends on IPO demand. 

Who is the Book Runner for the Indobell Insulation IPO? 

The Book Runner for Indobell Insulation is Finshore Management Services Limited.