Considering the upper price band of Rs 46, the stock is expected to list at a premium of 85% over the issue price.
However, it is important to note that grey market premiums are just an indicator as to how the company’s shares are stacked up in the unlisted market and are subject to change rapidly.
Indobell Insulations stands as a manufacturer and contractor of insulation products like nodulated wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets which are used to insulate for a variety of applications, including commercial buildings, and industrial plants.
IPO Calendar: 3 new issues, 8 listings investors’ need to watch out for this weekIts core business is carried out in power industry, oil, gas and refineries which requires full range of insulation and lining Services, scaffolding, surface protection, refractory, passive fire protection and borosilicate lining in chimneys.
The primary source of revenue of the company is through the sales of the Insulations products manufactured i.e. mineral fibre nodules, ceramic fiber nodules and thermal insulation jacket, which is done in customized process, according to the demand of the customer requirements which consists 61.23% of the total revenue from operation for FY24.
The company offers tailored insulation solutions to meet specific customer requirements. This includes providing customized sizes, shapes, and densities of insulation materials based on the client’s projects which include 3D design, 2D designs, manufacturing drawings, and doing a thermal analysis of the insulation.
Apart from this, it alsos offer installation services to clients who prefer a one-stop solution for their insulation needs. The company also fulfils overseas requirements of the customers by exporting its tailor-made jackets which are designed as per the customer’s specifications.
As on March 2024, the company’s export turnover was 33.71% of its total revenue from operations. The company is also trying to explore more opportunities of getting more clients who require insulations from time to time.
