Indobell Insulations SME IPO Details, Financials, Valuation & Peers
Explore Indobell Insulations IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Indobell Insulations Limited, established in 1972 and headquartered in Kolkata, West Bengal, is a manufacturer and contractor of thermal insulation solutions for diverse applications. The company specializes in producing Nodulated/Granulated Wool (including mineral and ceramic fiber nodules) and Prefabricated Thermal Insulation Jackets, serving power, industrial, and construction sectors. With a strong focus on customization, the company offers turnkey solutions encompassing consultation, engineering, material supply, fabrication, installation, and project management for insulation and lining systems. Indobell's products and services are utilized across industries such as power, chemicals, construction, and industrial infrastructure. The company operates manufacturing facilities in West Bengal and Maharashtra, ensuring high-quality in-house production processes. With a growing export footprint, contributing 33.71% of its revenue in FY2024, Indobell aims to expand its global presence while maintaining its position as a trusted domestic supplier.
Key Points:
- Product Portfolio
- Manufactured Products:
- Nodulated/Granulated Wool (Ceramic and Mineral Fiber Nodules)
- Pre-fabricated Thermal Insulation Jackets
- Services Offered:
- Consultancy, engineering, fabrication, material supply, installation, supervision, and project management.
- Manufactured Products:
- Strategic Operations
- Manufacturing facilities in West Bengal (producing mineral and ceramic fiber nodules) and Maharashtra (producing ceramic fiber nodules).
- Exports tailor-made insulation jackets to international clients, contributing to 33.71% of FY 2024 revenue.
- Client-Centric Approach
- Offers customized insulation solutions tailored to client specifications, including thermal analysis, 2D/3D designs, and manufacturing drawings.
- Serves a diverse clientele across industries, including power, commercial, and industrial sectors.
- Revenue Streams
- Generated 61.23% of FY 2024 revenue from insulation products.
- Strong focus on domestic and international markets to expand client base.
Objects of the Issue
- Funding Capital Expenditure towards purchase of additional plant and machinery
- To meet the Working Capital Requirements
- General Corporate Purposes.
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 06 Jan - 08 Jan 2025 |
| IPO Price Band | ₹46 per share |
| Fresh Issue | 22,05,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹10.14 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 06 Jan 2025 |
| IPO Closing Date | 08 Jan 2025 |
| Basis Of Allotment | 09 Jan 2025 |
| Refunds | 10 Jan 2025 |
| Demat Transfer | 10 Jan 2025 |
| IPO Listing Date | 13 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 9.77 | 21.05 | 17.99 | 5.56 |
| Total Expenses | 8.96 | 19.03 | 15.86 | 4.70 |
| Net Profit/Loss | 0.15 | 0.90 | 1.03 | 0.42 |
| NPM (*) | 1.57 | 4.28 | 5.74 | 7.62 |
| Total Assets | 14.89 | 12.32 | 15.29 | 13.20 |
| Total Liabilities | 10.99 | 7.59 | 9.62 | 7.11 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 0.37 | 2.20 | 2.52 | 1.04 |
| ROE (%) | 3.94 | 19.04 | 18.21 | 6.95 |
| ROCE (%) | 10.71 | 30.62 | 28.15 | 11.11 |
| D/E Ratio | 1.57 | 0.90 | 0.93 | 0.56 |
| Current Ratio | 1.24 | 1.39 | 1.34 | 1.50 |
| EBITDA MARGIN (%) | 6.78 | 8.36 | 11.30 | 15.17 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Indobell Insulations Limited | 17.88 | 18.24 | 2.52 | 18.21 | 13.85 |
| Beardsell Limited | 231.46 | 20.87 | 2.02 | 11.16 | 18.01 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 51.31 |
| Retail Individual Investor (RII) | 52.37 |
| Total | 54.13 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Integrated Registry Management Services Private limited
Phone: 080-23460815/816/817/818
Email: smeipo@integratedindia.in
Website: www.integratedregistry.in
Company Promoters
- Mr. Vijay Burman
- Mr. Man Mohan Burman
- Ms. Megha Burman
- Ms. Raksha Burman
Lead Managers
- FINSHORE MANAGEMENT SERVICES LIMITED
Company Address
Indobell Insulations Limited
88C, Lake View Road, Kolkata - 700029, West Bengal, India
Phone: +91 99032 51056
Email: cs@indobell.com
Website: www.indobell.com
FAQs
- What is the issue size of the Indobell Insulations SME IPO?The Indobell Insulations SME IPO has an issue size of ₹10.14 crore. This includes a fresh issue of 22,05,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Indobell Insulations IPO?The price band for the Indobell Insulations IPO is ₹46 per share.
- What are the bidding dates for the Indobell Insulations IPO?The Indobell Insulations IPO will open for bidding on 06 Jan 2025 and close on 08 Jan 2025.
- What is the allotment date for the Indobell Insulations IPO?The allotment date for the Indobell Insulations IPO is 09 Jan 2025.
- What is the minimum lot size and investment required for the Indobell Insulations IPO?The minimum lot size for the Indobell Insulations IPO is 3000 shares and the minimum investment required is ₹1,38,000.
- What is the listing date for the Indobell Insulations IPO?The listing date for the Indobell Insulations IPO is 13 Jan 2025.
- What is the Indobell Insulations IPO grey market premium?The grey market premium (GMP) for the Indobell Insulations IPO is currently at ₹39, with an expected listing gain of approximately 84.78%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.