Indobell Insulation IPO allotment expected today: Here’s how to check status on BSE, Integrated Registry Management Services

Indobell Insulation Limited is likely to finalise the share allotment status for its initial public offering on Thursday, January 9, following the successful subscription.

The ₹10.14-crore BSE SME IPO of the company was open for bidding from January 6 to January 8. The issue received robust demand from investors and was booked over 54 times at the close of bidding on Wednesday.

As per the BSE data, the IPO garnered bids for more than 11.34 crore shares against the net issue size of 20.94 lakh shares, leading to an oversubscription of 54.18 times.

The retail individual investors placed bids for over 5.48 crore shares against the quota of 10.47 lakh shares. The retail portion was subscribed 52.4 times.

The Non-Institutional Investors (NIIs) category was booked 51.4 times as applications for more than 5.38 crore shares were received against the allocated quota of 10.47 lakh shares. The Qualified Institutional Buyers (QIBs) placed bids for 48 lakh shares.

Successful bidders will be informed about the share allocation through emails and SMS. Investors can also check the allotment status on the website of IPO registrar and BSE.

Steps to check IPO allotment status on issue registrar’s website

Follow these steps to check the allotment status on IPO registrar Integrated Registry Management Services’ website:

• Open the official website of IPO registrar, Integrated Registry Management Services Private Limited
• Click on ‘Registrar to Issues and STA’ link on the main menu
• Click on IPO / Rights Issue Allotment status
• Select IPO from the dropdown menu for ‘Allotment Option’
• Select Indobell Insulation from dropdown list for IPO names
• Choose PAN, Application Number or Client ID
• Submit details to check status

Steps to check IPO allotment status on BSE

• Go to BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check.aspx
• Choose ‘equity’ as issue type
• Select Indobell Insulation Ltd from the list
• Enter PAN details or application number
• Clear Captcha
• Submit to check details

The company will initiate refunds and start transferring shares to the Demat accounts on Friday, January 10.

Indobell Insulation IPO details

Indobell Insulations Ltd is a manufacturer and contractor of various insulation products and services. It produces high-quality nodulated and granulated wool, such as ceramic fibre and mineral fibre nodules and prefabricated thermal insulation jackets.

These products are used for various applications, from residential and commercial buildings to industrial plants. Indobells primarily supplies products for insulation services like scaffolding, refractory, surface protection, borosilicate lining for chimneys and passive fire protection, to power industry players.

Here are key details about the IPO:

• Indobell Insulation IPO comprised a fresh issue of 22.05 lakh shares.
• The IPO price band was set at ₹46 per share.
• The minimum lot size was 3,000 shares for retail investors, requiring an investment of at least ₹1,38,000 for a single lot.
• Indobell Insulation Limited has proposed to list its shares on the BSE SME platform on January 13.

Use of IPO proceeds

The company has proposed to use IPO funds for the purchase of additional plants and machinery, working capital requirements and general corporate purposes.

The company would use ₹41 lakh for buying machinery - Multi CNC Abrasive Horizontal and Vertical Cutting Machine at its existing facility in Kolkata. Indobell will use ₹7.75 crore of IPO funds for funding working capital requirements and the rest for general corporate purposes.

The company reported revenue of ₹5.56 crore for the half-year period ended September 30, 2024. The net profit stood at ₹42.39 lakh in April-September 2024.

Indobell Insulation reported a revenue of ₹17.98 crore in FY 2023-24 against ₹21.05 crore in FY 2022-23. Its net profit rose to ₹1.03 crore in FY2024 compared to ₹90 lakh in FY2023.

Indobell Insulation Key Performance Indicator