Indobell Insulation shares make strong debut, listing at a 90% premium over IPO price on BSE SME

Indobell Insulations Ltd made an impressive debut on the stock exchanges today, January 13, with its shares listing at ₹87.40 on the BSE SME platform. This represents a substantial 90% premium over the issue price of ₹46. The strong listing follows robust investor interest, as the IPO was subscribed 54 times during its primary market offering from January 6 to January 8.

Key Highlights:

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  • IPO Details: The ₹10.14-crore IPO witnessed significant demand, with investors oversubscribing by 54 times.
  • Listing Premium: The shares opened at ₹87.40, a 90% premium over the IPO price.
  • Market Valuation: Post-listing, the market capitalization of the Kolkata-based company stood at ₹57.81 crore.

About Indobell Insulations:

Indobell Insulations specializes in manufacturing mineral and ceramic fibre nodules, as well as prefabricated thermal insulation jackets. These products are widely used across residential, commercial, and industrial applications, catering to the growing demand for energy-efficient insulation solutions.

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