Indobell Insulation shares debuted at ₹87.40 on the BSE SME platform, reflecting a 90% premium over the IPO issue price of ₹46. The Indobell Insulation share price thereafter gained further hitting the 5% upper circuit. The IPO was oversubscribed 54 times, and the company aims to use proceeds for expansion.
Indobell Insulation shares made a remarkable debut on the BSE SME platform on January 13, 2025, listing at ₹87.40 per share, a 90% premium over its IPO price of ₹46. Investors who participated in the IPO gained ₹41.40 per share upon listing.
The IPO, consisting of a fresh issue of 22,05,000 equity shares, received overwhelming investor demand.
By the final day of bidding, January 8, 2025, the Indobell Insulation IPO was subscribed 54.13 times in total. The retail category saw a subscription of 52.37 times, while the NII category was subscribed 51.31 times.
The company plans to utilise the funds raised for capital expenditure, including the purchase of additional plant and machinery, as well as for meeting working capital requirements and general corporate purposes.
Founded in May 1972, Indobell Insulation manufactures a variety of insulation products for residential, commercial, and industrial applications. The company operates manufacturing facilities in West Bengal and Maharashtra and primarily caters to the power industry with services such as insulation, surface protection, and fire protection.
At 11:50 AM on January 13, 2025, Indobell Insulation’s share price hit the upper circuit limit of 5%, trading at ₹91.77 on the BSE SME. On its debut day, the stock fluctuated between circuits, reaching a high of ₹91.77 and a low of ₹83.03 until noon.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 13, 2025, 11:55 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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