Indobell Insulations IPO Allotment Status: Check Allotment Status Online on BSE & Integrated Registry Management Services Pvt
Indobell Insulation Limited, specialized in producing a wide range of insulation products, including nodulated and granulated wool made from ceramic and mineral fibers, as well as prefabricated thermal insulation jackets, opened its IPO for subscription from January 6, 2025, to January 8, 2025. The allotment of shares is expected to be finalized today, January 9, 2025.
Indobell Insulations IPO Details
Indobell Insulation IPO is a fixed-price offering aiming to raise ₹10.14 crore through a fresh issue of 22.05 lakh equity shares at ₹46 per share. The bidding period began on January 6, 2025, and concludes today, January 8, 2025. The allotment of shares is slated for January 9, 2025, with the company's listing on the BSE SME platform scheduled for January 13, 2025. Retail investors are required to apply for a minimum of 3,000 shares, amounting to ₹1,38,000, while HNI investors must apply for at least two lots, or 6,000 shares, requiring an investment of ₹2,76,000.
Checking the Allotment Status of Indobell Insulations Limited Online
Steps to Check the Allotment Status of Indobell Insulations Limited on BSE
- Head to the IPO allotment page on the BSE website here.
- Click on 'Equity' under the Issue Type dropdown menu.
- Select 'Indobell Insulations Limited' under the company name.
- Enter your application number or PAN.
- Clear the 'Captcha' for verification purposes.
- Select the 'Search' option to view your allotment status.
Steps to Check Allotment Status of Indobell Insulations Limited on Integrated Registry Management Services
- Head to the Allotment page of Integrated Registry Management Services Pvt. Ltd. website here.
- Select ‘IPO’ as the allotment option.
- Select the Company dropdown menu. Choose 'Indobell Insulations Limited'.
- Under the Select Choice tab, choose between IPO application number, DPID and Client ID and PAN
- Enter details as per your selection.
- Click submit to view status.
Indobell Insulations Business Overview
Indobell Insulations specializes in manufacturing and contracting insulation products such as nodulated and granulated wool and prefabricated thermal insulation jackets. These products cater to various applications, including residential, commercial, and industrial insulation needs. The company's primary revenue stream stems from the sale of its manufactured insulation products—Mineral Fibre Nodules, Ceramic Fiber Nodules, and Thermal Insulation Jackets—which are customized to meet specific customer requirements.
Utilization of IPO Proceeds
The primary objectives of the Indobell Insulation IPO include funding capital expenditure for acquiring additional plant and machinery, meeting the company’s working capital requirements, and addressing general corporate purposes to support its overall growth and operational efficiency.
Grey Market Premium (GMP)
As per Livemint, the Grey Market Premium (GMP) for Indobell Insulations GMP today stood at nil. This indicates that the company's shares are trading at par with the IPO price of ₹46 a piece and are unlikely to be listed at a premium.
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Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market.