Indobell Insulation’s share price debuted at ₹87.40 on the BSE SME, representing a 90% premium. The Indobell Insulation share price subsequently climbed further, reaching the 5% upper circuit thereafter.
Indobell Insulation’s share price increased by 5% to ₹91.77, which was also the stock’s upper price band. The Indobell Insulation share price was then stuck in the upper circuit.
Market participants expected Indobell Insulation’s share price to make a solid launch, as seen by the subscription status and Grey Market Premium.
The Indobell Insulation IPO had been subscribed 54.13 times as of January 8, 2025, the last day for bidding. The public issue was subscribed 52.37 times in the retail sector and 51.31 times in the NII category.
The Grey Market Premium (GMP) for Indobell Insulation was +39. This meant that Indobell Insulation’s shares were trading in the gray market at RS 39 over the issue price. Market participants expected Indobell Insulation shares to be listed for ₹85, representing an 84.78% premium over the issue price of ₹46.
The Indobell Insulation IPO raised ₹10.14 crores at a fixed price and issued 22.05 lakh new shares. Bidding for the Indobell Insulation IPO began on January 6, 2025, and finished on January 8, 2025. The allotment for the Indobell Insulation IPO was finished on Thursday, January 9, 2025.
Indobell Insulation Limited was founded in May 1972 and manufactures a variety of insulation products, including prefabricated thermal insulation jackets and nodules made of mineral and ceramic fibres. The company’s products, like other insulation materials, are used in commercial, industrial, and residential environments.
The company’s product line comprises Nodulated/Granulated Wool, which contains Ceramic Fibre Nodules and Mineral Fibre Nodules.
Indobell Insulation intends to use the revenues from the IPO for funding capital expenditures, such as the purchase of additional plant and machinery.
