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Indobell Insulation's IPO soared 90% on its debut, drawing strong retail investor interest.
Indobell Insulation's IPO saw a strong debut on the BSE SME platform, listing at a 90% premium.
Subscriptions were high, especially from retail investors.
The company, which makes insulation products for power, commercial, and industrial sectors, will use IPO funds for machinery, working capital, and general purposes.
Export sales accounted for about a third of its recent revenue.
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La OPI de Indobell Insulation se disparó un 90% en su debut, generando un fuerte interés de los inversores minoristas.