Indobell Insulations Ltd - IPO

Indobell Insulations Ltd IPO Details

Initial public offer of 22,05,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Indobell Insulations Limited (the Company or the Issuer) for cash at a price of Rs. 46/- per equity share, including a share premium of Rs. 36/- per equity share (the Issue Price), aggregating to Rs. 10.14 crores (The Issue), of which 1,11,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 46/- per equity share, aggregating to Rs. 0.51 crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 20,94,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 46/- per equity share, aggregating to Rs. 9.63 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 35.00% and 33.24% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 46/- each i.e., 4.6 times of the face value of the equity shares. The minimum lot size is 3,000 equity shares.

Objective of issue

Funding capital expenditure towards purchase of additional plant and machinery. Working capital requirements. General corporate expenses.

Indobell Insulations Ltd Contact Details

Indobell Insulations Ltd, #30 Ramana Residency, 4th Cross Sampige Rd, Malleswaram, Bangalore - 560003

Phone - 91-80-23460815-818

Fax - 91-80-23460819

Email - cs@indobell.com

Website - www.indobell.com