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ARC Insulation IPO
ARC Insulation & Insulators Ltd
₹1,19,000 /1000 sharesMinimum Investment
ARC Insulation IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹125.00 | ₹145.00 | ₹20.00 (16.00%) |
ARC Insulation IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 21 Aug ‘25 - 25 Aug ‘25 | ₹2,38,000 | 1,000 | ₹119 - ₹125 |
| Issue Size | IPO Doc |
|---|---|
| 41.19Cr | RHP PDF |
Subscription rate
As of 25 Aug'25, 04:01 PM
| Qualified Institutional Buyers | 11.62x |
| Non-Institutional Investor | 20.54x |
| Retail Individual Investor | 14.32x |
| Total | 13.83x |
About ARC Insulation
Founded in
2008
Managing director
Mr Manish Bajoria
Parent organisation
ARC Insulation & Insulators Ltd
Strengths & Financials of ARC Insulation
Strengths
Risks
ARC Insulation & Insulators offers a wide selection of GFRP products, including rebars, grating walkways, tubes, fencing for transformers, cable trays, and fibreglass pipes. The company also provides customised solutions, allowing for products to be manufactured in various sizes, shapes, and profiles according to customer specifications.
The company claims to have expanded its reach both domestically and internationally, with successful exports to 11 countries since 2010. Its products are distributed directly to end customers in the domestic market, contributing to a broad and diversified customer base.
ARC Insulation & Insulators claims to use high-grade materials such as woven roving, glass fibre cloth, and Milo film, ensuring durability and resistance to corrosion. These materials make its products ideal for challenging environments like chemical, marine, and industrial sectors.
ARC Insulation claims to use advanced manufacturing technologies, including filament winding, precision curing, and automated cutting. These processes ensure consistent product quality, reduce material waste, and contribute to cost efficiency and faster production cycles.
The company claims to maintain competitive pricing through streamlined production methods that minimise material waste and optimise resource usage. Despite these lower costs, the company ensures high product quality, making its offerings attractive to cost-conscious customers.
The company’s FRP products feature a high strength-to-weight ratio, making them both strong and lightweight. This combination makes handling, transportation, and installation easier, offering significant cost savings, especially in industries where weight reduction is crucial.
The company is ISO 9001:2015 certified for its quality management systems.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 23.98 crore in FY23 to Rs 28.45 crore in FY24 and Rs 32.72 crore in FY25. PAT increased from Rs 2.64 crore in FY23 to Rs 6.10 crore in FY24 and Rs 8.56 crore in FY25.
The top 10 suppliers accounted for Rs 14.17 crore (88.44 percent) of the company’s total purchases in FY25, Rs 10.92 crore (76.36 percent) in FY24, and Rs 12.54 crore (86.39 percent) in FY23. Furthermore, the top supplier alone accounted for Rs 3.62 crore (22.61 percent) of the company’s total purchases in FY25, Rs 2.71 crore (18.95 percent) in FY24, and Rs 3.99 crore (27.50 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
ARC Insulation & Insulators relies heavily on polymers as a primary raw material for its GFRP/FRP products. Any adverse fluctuations in polymer prices, driven by global supply and demand dynamics, geopolitical events, or changes in input costs, could impact the company’s profitability. While the company attempts to manage these price variations through procurement policies and pricing adjustments, it may not always be able to fully pass on cost increases to consumers, which could negatively affect its financial performance.
The top 10 customers accounted for Rs 21.87 crore (67.21 percent) of the company’s total revenue in FY25, Rs 17.75 crore (62.82 percent) in FY24, and Rs 17.84 crore (74.38 percent) in FY23. Furthermore, the top customer alone accounted for Rs 4.95 crore (15.21 percent) of the company’s revenue in FY25, Rs 4.39 crore (15.52 percent) in FY24, and Rs 3.34 crore (13.91 percent) in FY23. Any failure to retain these key customers, expand the customer base, or loss of business from any of them could adversely affect the company’s business and financial standing.
The company, its directors, promoters, senior management personnel, and key managerial personnel are involved in certain ongoing legal proceedings, including criminal and tax-related cases. Any adverse judgments in any of these cases could be detrimental to the company’s business and finances.
As of FY25, the company had trade receivables of Rs 12.06 crore, a sharp increase from Rs 4.47 crore in FY24. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
A significant portion of the company’s revenue is derived from the sale of its top product, GFRP rebars. It accounted for Rs 21.57 crore (66.27 percent) of the company’s total revenue in FY25, Rs 20.03 crore (70.90 percent) in FY24, and Rs 12.83 crore (53.51 percent) in FY23. Any decline in the sales of this product could hurt the company’s business and financial condition.
The company reported negative cash flow from investing activities amounting to Rs 7.36 crore in FY25, Rs 5.36 crore in FY24, and Rs 1.69 crore in FY23. Additionally, negative cash flow from financing activities amounted to Rs 2.93 crore in FY24. The company also reported a net decrease in cash and cash equivalents amounting to Rs 0.05 crore in FY25 and Rs 0.03 crore in FY23. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
ARC Insulation & Insulators depends heavily on third-party transportation providers for both the supply of raw materials and the delivery of its products to customers. Any adverse developments, such as transportation strikes or the unavailability of trucks, could disrupt the company's supply chain, hindering its ability to operate efficiently.
As of FY25, the company had outstanding financial indebtedness of Rs 5.97 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
ARC Insulation Financials
*All values are in Rs. Cr
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Application Details of ARC Insulation IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹119 - 125 | ₹2 - 5 Lakh |
For ARC Insulation IPO, eligible investors can apply as Individual investor.