Indobell Insulations Ltd. has announced public offering of 2205000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 36.00 per share. The gross proceeds of the issue are expected to be Rs 1,014.30 lakhs.
The company's initial public offer (IPO) will open on 06 January 2025 and is expected to close on 08 January 2025, subject to customary closing conditions.
The IPO includes a fresh Issue of 2205000 Equity Shares of the Company at an price of Rs 46.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.
Indobell Insulations Ltd. anticipates using the proceeds of the issue for .
Finshore Management Services Ltd. as lead manager & Integrated Registry Management Services Pvt. Ltd. is the registrar, to the issue.