ARC Insulation & Insulators Limited IPO: Price, Review & Details

ARC Insulation & Insulators Limited IPO
ARC Insulation & Insulators Limited IPO

Here are the complete and latest details for the ARC Insulation & Insulators Limited IPO, which opens on August 21, 2025—a fact confirmed by multiple sources and accurate as of today, August 19, 2025:

The ARC Insulation & Insulators Limited IPO—opening August 21, 2025 and closing August 25, 2025—is a ₹41.19 crore SME book-building issue, with shares priced between ₹119 and ₹125, to be listed on NSE EMERGE.

It comes with compelling financials: robust growth, healthy margins, and solid return ratios.

Business: ARC Insulation & Insulators Ltd., incorporated in 2008 (originally founded as a proprietorship in 2003), manufactures Glass Fiber-Reinforced Polymer (GFRP) composite products—such as rebars, gratings, cable trays, structural profiles—targeting infrastructure, power, chemical, marine and other sectors.

IPO Timeline

EventDate
Opening DateAugust 21, 2025
Closing DateAugust 25, 2025
Basis of AllotmentAugust 26, 2025
Refunds & Demat CreditAugust 28, 2025
Expected Listing DateAugust 29, 2025

IPO Details

  • Face Value: ₹10 per share
  • Price Band: ₹119 to ₹125 per share; Face Value: ₹10 each
  • Lot Size: 1,000 shares.
  • Minimum Retail Application: 2 lots = 2,000 shares = ₹2.38–2.50 lakh (depending on share price)
  • Total Issue Size: 32,95,000 shares
  • Fresh Issue: 28,80,000 shares
  • Offer for Sale: 2,50,000 shares of ₹10
  • Issue Type: Bookbuilding IPO
  • Listing At: NSE SME
  • Share Holding Pre Issue: 72,52,380 shares
  • Share Holding Post Issue: 1,02,97,380 shares

Use of Proceeds

Net proceeds from the fresh issue are planned to be allocated toward:

  • Factory shed as part of new manufacturing unit: ₹8.16 Cr
  • New office space: ~₹3.06 Cr
  • Repayment/pre-payment of debts (including bridge finance): ~₹1.18 Cr
  • Working capital: ₹10 Cr
  • General corporate purposes: unspecified

GMP of ARC Insulation & Insulators Limited IPO

Here’s the latest update on the Grey Market Premium (GMP) for the ARC Insulation & Insulators Limited IPO:

As of August 19, 2025, there is no GMP available for the ARC Insulation IPO—meaning it hasn’t started trading on the grey market yet. All relevant platforms confirm the GMP figure remains blank.

IPOGMP Status as of Aug 19, 2025
ARC Insulation & Insulators LtdNot started / Blank (no GMP available yet)

Promoters of ARC Insulation & Insulators Limited

Here are the detailed profiles of the promoters of ARC Insulation & Insulators Limited, as highlighted in its IPO documentation:

1. Mr. Manish Bajoria

  • Designation: Managing Director & CFO (since June 11, 2024; previously served as Executive Director)
  • Education: Commerce graduate from the University of Calcutta (class of 1992)
  • Experience: Over 16 years in the GFRP/composites sector.

Contributions:

  • Steering overall operations, strategy, and execution.
  • Central figure in establishing and guiding the business.
  • Ensures regulatory and industry standards compliance.

2. Ms. Neelam Bajoria

  • Designation: Promoter & Executive Director (associated since company incorporation)
  • Education: Arts graduate from the University of Calcutta (class of 1993)
  • Experience: More than 15 years in management within the composites industry.

Roles:

  • Oversees operations and strategic business development.
  • Drives a culture of collaboration and continuous improvement across the organization.

3. Mr. Ashish Bajoria

  • Designation: Non-Executive Director (appointed June 11, 2024)
  • Education: Commerce graduate from the University of Calcutta (class of 1996)
  • Experience: Over 10 years, including senior roles at BG Industries (2014–2024).

Contributions:

  • Brings strong leadership, analytical and strategic planning capabilities to the board.

4. M/s. Swabhumi Distributors Private Limited

  • A corporate promoter entity associated with the company.
  • Shares directors in common with ARC Insulation Private Limited.
  • Incorporated in West Bengal, with close business ties to the promoter family.

5. M/s. Manish Bajoria (HUF)

  • Held as a promoter entity—a Hindu Undivided Family business structure headed by Mr. Manish Bajoria.
  • Functions as a vehicle for holding shares from within the promoter’s family.

Summary Table

PromoterRole/TypeBackground & Highlights
Mr. Manish BajoriaManaging Director & CFOCommerce grad, 16+ years in GFRP, key leader in strategy & ops.
Ms. Neelam BajoriaExecutive DirectorArts grad, 15+ years in management, operations, strategic planning.
Mr. Ashish BajoriaNon-Executive DirectorCommerce grad, 10+ years experience, strengths in analytics & strategy.
Swabhumi Distributors Pvt LtdCorporate Promoter EntityClosely linked distributor entity, family-associated.
Manish Bajoria HUFFamily/Promoter EntityFamily-held promoter structure for internal shareholding.

Additional Context

  • The promoter entities include both individuals (Mr. Manish, Ms. Neelam, Mr. Ashish) and business entities (Swabhumi Distributors Pvt Ltd and Manish Bajoria HUF), reflecting a family-led corporate structure.

ARC Insulation & Insulators Limited IPO Lot Size

Here’s the lot size and application details for the ARC Insulation & Insulators Limited IPO, summarized clearly in a table:

ApplicationLotsSharesAmount
Individual investors (Retail) (Min)22,000₹2,50,000
Individual investors (Retail) (Max)22,000₹2,50,000
S-HNI (Min)33,000₹3,75,000
S-HNI (Max)88,000₹10,00,000
B-HNI (Min)99,000₹11,25,000

Minimum Retail Investment: Retail investors must apply for at least 2 lots, i.e., 2,000 shares — equating to approximately ₹250,000 at the upper end of the price band.

Small HNI & Big HNI Category:

  • SHNI: Minimum of 3 lots = ₹375,000; Maximum of 8 lots = ₹1,000,000.
  • BHNI: Minimum of 9 lots = ₹1,125,000.

ARC Insulation & Insulators Limited IPO Promoter Holding

Here’s the detailed information on promoter shareholding for ARC Insulation & Insulators Limited IPO:

Shareholding PositionPromoter Holding (%)
Pre-IPO Promoter Holding94.48%
Post-IPO Promoter HoldingNot yet disclosed / To be determined

Additional Promoter Context

  • Pre-IPO Shareholding: Promoters collectively hold ~94.48% of the company’s equity before the public issue.
  • Post-IPO Shareholding: The exact figure for promoter shareholding after the IPO isn’t specified in publicly available documentation. Sources denote it as “TBD” (To Be Determined).

About ARC Insulation & Insulators Limited

Incorporation & Background

  • Founded in 2008 as a private limited company, ARC later converted to a public limited company in 2024.
  • Its roots go further back: in 2009, it acquired the business of a proprietorship—M/s ARC Insulation and Insulators.

Business Focus

  • The company specializes in manufacturing and supplying Glass Fiber Reinforced Polymer (GFRP) and Fiber Reinforced Polymer (FRP) composite products.
  • Products offered include GFRP rebars, gratings, cable trays, pipelines, fencing systems, fiberglass trench covers, and more—designed as corrosion-resistant, lightweight, and durable alternatives to steel.

Manufacturing Infrastructure

  • Operates a manufacturing facility in Ramdevpur Village, Parganas South, West Bengal.

The facility is equipped with advanced technologies such as:

  • Universal Testing Machine
  • GFRP Rock Bolt Making Machine
  • Aluminium Casting Heater
  • Automated storage systems for inventory management

Industry Presence & Clientele

  • The company serves diverse sectors: infrastructure, energy, chemical, marine, and mining.
  • It maintains a strong domestic distribution network and exports to 11 countries since 2010.

Recognition & Approvals

  • ARC is an approved supplier for major metro projects across India—including Mumbai Metro Line 3, Ahmedabad Metro, and Bangalore Metro—underscoring its credibility in large-scale urban infrastructure ventures.

IPO Objectives & Financial Use

  • Capital expenditure for a new manufacturing unit
  • Acquisition of new office space
  • Repayment or prepayment of existing debt facilities (including bridge financing)
  • Enhanced working capital
  • General corporate purposes

These indicate a clear focus on expansion, operational enhancement, and balance sheet strengthening.

ARC Insulation & Insulators Limited IPO
ARC Insulation & Insulators Limited IPO

ARC Insulation & Insulators Limited Financial Information

Here’s the financial overview of ARC Insulation & Insulators Limited, based on the latest available data through FY 2025, presented clearly in a table for easy reference:

Period Ended31 Mar 2025Mar 31 202431 Mar 2023
Assets₹39.30 Crore₹22.42 Crore₹18.27 Crore
Total Income₹33.15 Crore₹28.83 Crore₹24.48 Crore
Profit After Tax₹8.57 Crore₹6.10 Crore₹2.64 Crore
EBITDA₹12.50 Crore₹9.05 Crore₹4.29 Crore
Net Worth₹25.22 Crore₹12.45 Crore₹6.35 Crore
Reserves and Surplus₹17.97 Crore₹10.74 Crore₹4.64 Crore
Total Borrowing₹5.97 Crore₹2.78 Crore₹5.30 Crore

Key Performance Indicator (KPI)

Here are the Key Performance Indicators (KPI) of ARC Insulation & Insulators Limited IPO based on its financials and RHP data:

KPI MetricValue
Earnings Per Share (EPS)₹12.15
Net Asset Value (NAV) per share₹34.78
Price to Earnings (P/E) Ratio10.29 – 11.52 (based on IPO price band)
Return on Net Worth (RoNW)45.47%
Return on Capital Employed (RoCE)49.84%
EBITDA Margin38.22%
Net Profit Margin25.87%
Debt-to-Equity Ratio0.24
Current Ratio2.34
PAT (2025)₹8.57 Cr
EBITDA (2025)₹12.50 Cr

Interpretation of KPIs

  • Strong Profitability: High RoNW (45.47%) and RoCE (49.84%) show efficient use of shareholder funds and capital.
  • Healthy Margins: EBITDA margin of 38.22% and Net Profit margin of 25.87% highlight solid cost control and operating leverage.
  • Low Leverage: With a Debt-to-Equity of 0.24, the company is conservatively geared, reducing financial risk.
  • Attractive Valuation: P/E multiple between 10.29 – 11.52 makes it relatively attractive compared to industry peers.
  • Liquidity Strength: Current ratio of 2.34 shows a strong short-term liquidity position.

Strengths of ARC Insulation & Insulators Limited IPO

1) Strong Financial Growth

  • Revenue grew from ₹24.48 Cr (2023) to ₹33.15 Cr (2025).
  • Profit After Tax (PAT) jumped from ₹2.64 Cr (2023) to ₹8.57 Cr (2025).

2) High Profitability & Returns

  • RoNW (45.47%) and RoCE (49.84%) show excellent capital efficiency.
  • Net Profit Margin of 25.87% reflects strong pricing power and cost control.

3) Diverse Product Portfolio

  • Specializes in Glass Fibre Reinforced Polymer (GFRP) composites and electrical insulation materials used in power transmission, distribution, and railways.

4) Low Debt Levels

  • Debt-to-Equity ratio of 0.24 shows conservative financial leverage, lowering financial risk.

5) Rising Industry Demand

  • With increasing infrastructure, renewable energy, and electrical power projects in India, demand for GFRP insulation products is expected to rise.

6) Established Relationships

  • Long-term clients from power, electrical, and construction sectors ensure steady demand.

Risks of ARC Insulation & Insulators Limited IPO

1) SME Listing Risk

  • Being listed on the NSE SME platform, liquidity may be lower compared to mainboard stocks.

2) Sector Dependence

  • Business is heavily dependent on power, electrical infrastructure, and railways. Any slowdown in these sectors can affect revenue.

3) Competition Risk

  • Operates in a fragmented industry with many unorganized players offering similar products at lower prices.

4) Raw Material Dependency

  • Key raw materials (resins, fibre, chemicals) are price-sensitive and dependent on imports, exposing the company to volatility in raw material costs.

5) Working Capital Intensive

  • High receivables from clients in power and government contracts could impact cash flow.

6) Geographical Concentration

  • A significant portion of revenue comes from specific regions in India, limiting diversification.

7) IPO Valuation Risk

  • While financials are strong, sustained performance is required to justify valuations in the long term.

Summary:

  • Strengths – Strong growth, high returns, low debt, sector tailwinds.
  • Risks – SME platform liquidity, sector dependency, raw material volatility, competition.

ARC Insulation & Insulators Limited Contact Details

Here are the official contact details for ARC Insulation & Insulators Limited, compiled from multiple credible sources:

Detail TypeInformation
Registered OfficeVillage – Ramdevpur, PO-Bawali Bishnupur-2, South 24 Parganas, West Bengal – 743384
Phone Number+91-62937 61074
Email Addressinfo@arcinsulations.com

Summary

To get in touch with ARC Insulation & Insulators Limited (Public), use the following:

  • Office Address: Village – Ramdevpur, PO-Bawali, Bishnupur-2, South 24 Parganas, West Bengal – 743384
  • Phone: +91-62937 61074

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