The WOL 3D IPO is a book-built issue valued at ₹25.56 crores. It comprises a fresh issue of 14.52 lakh shares totaling ₹21.78 crores and an offer for sale of 2.52 lakh shares amounting to ₹3.78 crores.
Bidding for the WOL 3D IPO opened on September 23, 2024, and will close on September 25, 2024. Allotment for the IPO is anticipated to be finalized on Thursday, September 26, 2024. The shares will be listed on the NSE SME, with a tentative listing date set for Monday, September 30, 2024.
The price band for the WOL 3D IPO is established at ₹142 to ₹150 per share. The minimum lot size for an application is 1,000 shares, requiring a minimum investment of ₹150,000 from retail investors. For high-net-worth individuals (HNIs), the minimum investment is 2 lots (2,000 shares), totaling ₹300,000.
Hem Securities Limited serves as the book-running lead manager for the WOL 3D IPO, while Bigshare Services Pvt Ltd acts as the registrar for the issue. Hem Finlease is designated as the market maker for the IPO.
Below are the details of WOL 3D India IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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WOL 3D India IPO Details
| 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 |
WOL 3D India IPO Timeline
| 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 India IPO Lot Size
| 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 India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 4,84,000 (28.4%) |
| Market Maker Shares Offered | 88,000 (5.16%) |
| QIB Shares Offered | 3,23,000 (18.96%) |
| NII (HNI) Shares Offered | 2,43,000 (14.26%) |
| Retail Shares Offered | 5,66,000 (33.22%) |
| Total Shares Offered | 17,04,000 (100%) |
WOL 3D India IPO Anchor Investor
| Bid Date | September 20, 2024 |
| Shares Offered | 484,000 |
| Anchor Portion Size (In Cr.) | 7.26 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 26, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 25, 2024 |
WOL 3D India IPO Financial Information
| 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 India IPO Review
WOL 3D India Ltd. specializes in 3D printing solutions, catering to various sectors such as manufacturing, education, architecture, and medical fields. The company aims to bridge the gap between ideation and manufacturing with its high-quality and cost-effective products, which include 3D printers, scanners, consumables, and prototyping services. Notably, WOL 3D is a distributor for several international 3D printer brands and has recently patented designs for its 3D pens, expanding its innovative offerings.
The company is launching its initial public offering (IPO) of 1,704,000 equity shares priced between ₹142 and ₹150 per share, aiming to raise ₹25.56 crores. The IPO opens for subscription on September 23, 2024, and closes on September 25, 2024. Proceeds will be allocated for debt repayment, working capital, and general corporate purposes.
Financially, WOL 3D has shown steady growth, with an increase in total income and net profit over the past three fiscal years. However, the sharp rise in profits for FY24 raises concerns about sustainability in a competitive market. With an average return on net worth (RoNW) of 42.17% and a price-to-earnings (P/E) ratio of 19.23 based on FY24 earnings, the IPO appears fully priced.
Given the company’s performance and market position, investors are advised to approach this opportunity with caution, considering it as a moderate long-term investment due to the competitive landscape and the need for sustainable growth.