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    Home»Business»Indobell Insulations Limited Announces Rs.1,014.30 Lakhs IPO to Drive Expansion and Growth
    Business

    Indobell Insulations Limited Announces Rs.1,014.30 Lakhs IPO to Drive Expansion and Growth

    Shruti JoshiBy Shruti JoshiJanuary 3, 2025No Comments2 Mins Read
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    Kolkata (West Bengal) [India], January 03: Indobell Insulations Limited, a prominent manufacturer and contractor of specialized insulation products, has launched its Initial Public Offering (IPO) on the BSE SME platform. The IPO aims to raise ₹1,014.30 lakhs through the issuance of 22,05,000 equity shares, priced at ₹46 each. The issue is open from January 6 to January 8, 2025.

    IPO Highlights

    • Issue Size: ₹1,014.30 lakhs
    • Price Per Share: ₹46
    • Market Lot: 3,000 shares
    • Post-IPO Dilution: 35%
    • Listing Platform: BSE SME

    Utilization of Funds

    The proceeds from the IPO will be directed towards:

    1. Acquiring advanced machinery to enhance production capacity.
    2. Supporting working capital requirements to streamline operations.
    3. General corporate purposes.

    Business Overview

    Indobell Insulations Limited specializes in Nodulated Wool, Ceramic Fibre Nodules, and Mineral Fibre Nodules, catering to diverse industries, including power, commercial, and industrial sectors. The company offers comprehensive solutions such as consultancy, engineering, fabrication, installation, and project management.

    With state-of-the-art manufacturing facilities in West Bengal and Maharashtra, Indobell ensures superior quality and efficient production processes, positioning itself as a trusted partner in the insulation sector.

    Impressive Financial Growth

    The company has demonstrated robust financial performance, with revenue of ₹556.30 lakhs and a PAT of ₹42.39 lakhs for the half-year ending September 30, 2024. Its EBITDA margin stands at 15.17%, reflecting operational efficiency. Its net worth is ₹609.49 lakhs, ensuring strong financial stability and growth potential.

    Speaking on the IPO launch, Managing Director Mr. Vijay Burman said, “This IPO marks a new chapter in our growth journey. The funds raised will enable us to strengthen our manufacturing capabilities and expand our market presence. We are committed to creating long-term value for our investors and stakeholders while driving innovation in the insulation industry.”

    For more information, please visit: www.indobell.com

    For Media Inquiries:

    ICON PR and Media

    iconprgujarat@gmail.com

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

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