WOL 3D India Ltd IPO will open on 25 September, check price, GMP, issue size and other important things
WOL 3D India Limited IPO is a book built issue of Rs. 25.56 crore which will open on 23 September and close on 25 September. Here are some important points to know before subscribing to WOL 3D India Limited IPO.
About WOL 3D India Limited
WOL 3D India Limited provides 3D printing solutions, which enable easy prototyping and applications in various fields such as manufacturing, education, engineering, architecture, interior design, fashion design, product design, medicine and dentistry. The company manufactures 3D filaments for additive manufacturing using ABS and PLA plastics. The company has four branch offices in Delhi, Hyderabad, Bangalore and Mumbai and five franchise offices in Pune, Chennai, Coimbatore, Rajkot and Nagercoil.
The company’s manufacturing facility in Bhiwandi, Maharashtra focuses on manufacturing filament for 3D printing solutions.
WOL 3D IPO Details
WOL 3D IPO is a book built issue of Rs. 25.56 crore. It is a combination of a fresh issue of 14.52 lakh shares worth Rs. 21.78 crore and 2.52 lakh offer for sale shares worth Rs. 3.78 crore.
The price band for WOL 3D IPO is Rs. 142-150 per share. There is a minimum lot size of 1000 shares with a single application. The minimum investment amount for retail investors is Rs. 1 lakh 50 thousand.
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹142 to ₹150 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,704,000 shares (aggregating up to ₹25.56 Cr) |
| Fresh Issue | 1,452,000 shares (aggregating up to ₹21.78 Cr) |
| Offer for Sale | 252,000 shares of ₹10 (aggregating up to ₹3.78 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,000,000 |
| Share holding post issue | 6,452,000 |
| Market Maker portion | 88,000 shares Hem Finlease |
WOL 3D IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
WOL 3D IPO Timeline (Tentative Schedule)
WOL 3D IPO opens on September 23, 2024, and closes on September 25, 2024. Share allotment for the IPO will likely be finalized on September 26. Share credit or refund in demat account is expected on September 27. The company expects to list the shares on the NSE SME platform on September 30.
| IPO Open Date | Monday, September 23, 2024 |
| IPO Close Date | Wednesday, September 25, 2024 |
| Basis of Allotment | Thursday, September 26, 2024 |
| Initiation of Refunds | Friday, September 27, 2024 |
| Credit of Shares to Demat | Friday, September 27, 2024 |
| Listing Date | Monday, September 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2024 |
WOL 3D IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹150,000 |
| Retail (Max) | 1 | 1000 | ₹150,000 |
| HNI (Min) | 2 | 2,000 | ₹300,000 |
WOL 3D IPO Issue Structure
About 50% of the public offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the remaining 35% for retail investors.
Company Financials
WOL 3D India Limited’s revenue grew by 69% and profit after tax (PAT) grew by 109% between the financial years ending March 31, 2024 and March 31, 2023. The company’s revenue in FY24 was Rs 40.01 crore and profit after tax was Rs 5.03 crore.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 2,456.27 | 1,390.88 | 1,002.62 | 671.94 | ||||||||||||||||||||||||||||||||||||
| Revenue | 4,001.43 | 2,371.32 | 2,037.03 | 1,683.9 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 503.3 | 240.56 | 84.42 | 88.03 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,061.22 | 566.8 | 326.25 | 241.83 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 761.22 | 266.8 | 226.25 | 141.83 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 572.6 | 678.98 | 509.78 | 336.75 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
WOL 3D IPO Objectives
The company will use the funds raised through this issue to repay borrowings, meet working capital requirements and meet general corporate purposes.
WOL 3D IPO GMP
According to market analysts, WOL 3D IPO GMP in the unlisted market is Rs 65, which is 43.3 percent higher than the cap price.
WOL 3D IPO Manager
Hem Securities Limited is the Book Running Lead Manager for WOL 3D IPO.
WOL 3D IPO Registrar
Bigshare Services Private Limited is the registrar for this issue.
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(Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. BseNseIPO never advises anyone to invest money here.)
