Indel B S.p.a., Initial Coverage
Indel B specializes in the production of small refrigerators for the Automotive sector and the production of minibars for the hospitality industry, also purchases and resells safes, electric locks, LED TVs. The Group has been active for 50 years in the mobile refrigeration sector in the Automotive and Leisure Time segments and in the refrigeration sector in the Hospitality segment.
Since May 19th 2017 Indel B is listed on the Italian Stock Exchange, MTA. The IPO price was 23.0€ per share, they were issued 1.6 million shares, of which 1 million from the capital increase and 600,000 items sold by the shareholder, of which 175,000 The company’s net IPO proceeds amounted to 22M€.
Indel B SpA. Indel B SpA is an Italy-based company engaged in the electrical components and equipment industry. Indel B SpA operates through two business lines, such as the Horeca sector, which supplies international hotel chains, minibars and also accessories for hotel rooms, such electronic safes and locks, light-emitting diode (LED) TVs, hairdryers, LED lighting and wine cellars, as well as the Mobile Refrigeration market, that produces refrigerators for trucks, such as the European trucks and Pullman builders, such as Scania, Iveco, Daf, Renault, Volvo, Kenworth, Peterbilt, Irizar, Irisbus, Karosa. The Company focuses on the commercial exploitation of the invention of the semi-hermetic compressor for generating cold temperatures in small spaces.
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