WOL 3D India IPO Details
WOL 3D India Limited is all set to launch its Initial Public Offering (IPO) opening on 23 September 2024. The company aims to raise a total of ₹25.56 crore through this public offering. Investors will have the opportunity to participate in this IPO until 25 September 2024. Notably, the company has already garnered ₹7.26 crore from anchor investors, showcasing strong preliminary interest.
IPO Structure and Pricing
The IPO features a price band set between ₹142 and ₹150 per share. With a total of 14.52 lakh fresh equity shares being issued, valued at ₹21.78 crore, an additional 2.52 lakh shares will be offered through an Offer for Sale (OFS), amounting to ₹3.78 crore. The shares from this offering are expected to be allotted to successful investors on 26 September 2024, with shares scheduled to list on the NSE SME platform on 30 September 2024.
| IPO Detail | Amount |
|---|---|
| Total Amount to be Raised | ₹25.56 crore |
| Fresh Equity Shares Issued | 14.52 lakh |
| OFS Shares | 2.52 lakh |
| Price Band | ₹142 – ₹150 |
| Minimum Lot Size | 1000 shares |
| Minimum Investment for Retail Investors | ₹150,000 |
| Expected Allotment Date | 26 September 2024 |
| Expected Listing Date | 30 September 2024 |
Investor Participation and Allocation
The IPO has reserved 35% of the shares for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 50% for High Net-worth Individuals (HNIs). Hem Securities Limited is serving as the book running lead manager, while Bigshare Services Private Limited is the registrar to the issue. Hem Finlease has been appointed as the market maker for this IPO.
Grey Market Premium (GMP)
The WOL 3D India IPO has shown promising signs in the grey market, trading at a premium of ₹65 as of 22 September 2024. If this trend continues, shares could be listed at approximately ₹215, suggesting a potential profit of 43.33% for early investors. However, it’s important to note that grey market dynamics can be volatile and can change quickly.
Company Overview and Financial Performance
Established in 1988, WOL 3D India is a prominent player in the 3D printing solutions industry. The company provides a comprehensive range of products and services including 3D printers, 3D scanners, laser engravers, 3D pens, consumables like 3D filaments and resins, as well as 3D prototyping services. Their focus is on delivering high-quality and cost-effective 3D printing solutions powered by cutting-edge technology.
In terms of financial performance, WOL 3D India reported a revenue of ₹40.01 crores in 2024, significantly up from ₹23.71 crores in 2023. The company also saw a notable increase in profits, climbing to ₹5.03 crores in 2024 from ₹2.41 crores the year before. This growth trajectory highlights the company’s expanding footprint in the 3D printing market and its commitment to innovation and quality.
