Indobell Insulations Limited, a leading manufacturer and contractor of specialized insulation products, has launched its Initial Public Offering (IPO) on the BSE SME platform. The company aims to raise ₹1,014.30 lakhs by issuing 22,05,000 equity shares priced at ₹46 each. The IPO will be open for subscription from January 6 to January 8, 2025.
The proceeds from the IPO will be utilized for acquiring advanced machinery to enhance production capacity, meeting working capital requirements, and supporting general corporate purposes. The company, which specializes in Nodulated Wool, Ceramic Fibre Nodules, and Mineral Fibre Nodules, caters to various sectors, including power, commercial, and industrial industries.
Indobell’s manufacturing facilities in West Bengal and Maharashtra ensure high-quality production, positioning the company as a trusted partner in the insulation sector. The company has shown impressive financial growth, with a revenue of ₹556.30 lakhs and a profit after tax (PAT) of ₹42.39 lakhs for the half-year ending September 30, 2024. Mr. Vijay Burman, Managing Director, commented, “This IPO marks a new chapter in our growth journey, strengthening our manufacturing capabilities and expanding our market presence.” In Kolkata, Indobell’s IPO is expected to attract significant attention from local investors, given the city’s growing industrial landscape and the demand for high-quality insulation solutions. The company’s established presence in West Bengal further bolsters its market credibility, making the IPO an appealing opportunity for regional investors seeking exposure to the expanding insulation industry.