Indobell Insulations IPO Allotment Status: Here Are Steps To Verify Status Online And Latest GMP Details

Indobell Insulations IPO share allotment is set to be finalised on Thursday, Jan. 9. The IPO received a decent response from investors during its three days of bidding period between Jan 6 and Jan 8.

The initial share sale was subscribed 54.13 times over the three days of bidding, where investors placed bids for 11,33,46,000 shares in comparison with 20,94,001 shares on offer.

Non-institutional investors (NIIs) applied for 5,37,18,000 shares against the 10,47,000 shares set aside for the category. The NII quota was subscribed 51.31 times.

Retail investors applied for 5,48,28,000 shares as compared to 10,47,000 shares reserved for them, subscribing their portion by 52.37 times. 

The Rs 10.14-crore BSE SME IPO consists of a fresh issue of 22.05 lakh shares priced at Rs 46 apiece. Integrated Registry Management Services Pvt. is the registrar for the issue.

Shares of the company are expected to be listed on BSE SME on Jan. 13.

Investors who applied for Indobell Insulations IPO can check the allotment status on the websites of the BSE and registrar.

• Open the IPO Application Status page of BSE here

• Select 'Equity'

• Then select 'Indobell Insulations Limited'

• Enter your IPO application number or PAN details

• Click on the 'I am not a Robot' box

• Hit 'Submit' to check the details of the allotment status

• Go to the IPO allotment page of Integrated Registry Management Services Pvt. here

• From the Select Company dropdown menu, choose Indobell Insulations Ltd.

• Under the Select Choice tab, choose between IPO application number, DPID and Client ID and PAN

• Enter details as per your selection

• Click Submit to view the status

The grey market premium (GMP) of Indobell Insulations IPO stood at Rs 19, according to InvestorGain. If the current trends are sustained, Indobell Insulations shares will list at Rs 65 per share, marking a premium of 41.30% over the issue price.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Indobell Insulations will utilise the funds from its IPO to fund capex for acquiring an additional plant and machinery. A portion of the proceeds will also be allocated to meet working capital requirements and for general corporate purposes.

Indobell Insulations Ltd. is a manufacturer of insulation products like nodulated and granulated wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets. These products are used across residential, commercial, and industrial sectors.

The company operates manufacturing facilities in West Bengal and Maharashtra, offering customised insulation solutions that meet the specific requirements of its clients.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.