Bharat Mirror English
Business

Indobell Insulations Limited Announces ₹1,014.30 Lakhs IPO to Drive Expansion and Growth

Kolkata, January 2025 – Indobell Insulations Limited, a prominent manufacturer and contractor of specialized insulation products, has launched its Initial Public Offering (IPO) on the BSE SME platform. The IPO aims to raise ₹1,014.30 lakhs through the issuance of 22,05,000 equity shares, priced at ₹46 each. The issue is open from January 6 to January 8, 2025.

IPO Highlights

Issue Size: ₹1,014.30 lakhs

Price Per Share: ₹46

Market Lot: 3,000 shares

Post-IPO Dilution: 35%

Listing Platform: BSE SME

Utilization of Funds

The proceeds from the IPO will be directed towards:

1. Acquiring advanced machinery to enhance production capacity.

2. Supporting working capital requirements to streamline operations.

3. General corporate purposes.

Business Overview

Indobell Insulations Limited specializes in Nodulated Wool, Ceramic Fibre Nodules, and Mineral Fibre Nodules, catering to diverse industries, including power, commercial, and industrial sectors. The company offers comprehensive solutions such as consultancy, engineering, fabrication, installation, and project management.

With state-of-the-art manufacturing facilities in West Bengal and Maharashtra, Indobell ensures superior quality and efficient production processes, positioning itself as a trusted partner in the insulation sector.

Impressive Financial Growth

The company has demonstrated robust financial performance, with revenue of ₹556.30 lakhs and a PAT of ₹42.39 lakhs for the half-year ending September 30, 2024. Its EBITDA margin stands at 15.17%, reflecting operational efficiency. Its net worth is ₹609.49 lakhs, ensuring strong financial stability and growth potential.

Speaking on the IPO launch, Managing Director Mr. Vijay Burman said, “This IPO marks a new chapter in our growth journey. The funds raised will enable us to strengthen our manufacturing capabilities and expand our market presence. We are committed to creating long-term value for our investors and stakeholders while driving innovation in the insulation industry.”

Related posts

Samsung QLED TVs Redefine Home Entertainment with Real Quantum Dot Tech, Knox Security, and Cadmium-Free Innovation

BM English

DLF Receives RERA Approval for Maiden Mumbai Project;Launch Expected Within Two Weeks

BM English

Aayoma Home Appliances Pvt. Ltd: Built in India, Trusted Worldwide

BM English

Dr. Shruti Dutt Shines as Esteemed Panelist at Viksit Bharat Conclave 2047 on 25-26. June in the Parliament, Edinburgh Scotland

BM English

Excel CoolCoat Delivers Impressive Cooling of Buildings in Delhi: Roof Temperatures Drop by 19°C

BM English

Trailblazers Honoured at the House of Commons: Asian–UK Business Meet and Awards 2025 Celebrates Global Innovation and Bilateral Leadership

BM English

Leave a Comment