WOL 3D India IPO: Issue booked 374 times on last day, NIIs’ quota booked 749x

WOL 3D India Limited IPO saw a bumper demand on the third day of subscription on Wednesday, September 25, as the public issue was booked nearly 374 times.

The NSE SME issue received bids for over 42.33 crore shares compared to 11.32 lakh shares on offer, leading to an overall subscription of 373.94 times.

The IPO was booked 749.17 times in the non-institutional investors (NIIs) category with applications for 18.20 crore shares against 2.43 lakh shares reserved for the segment.

Retail individual investors booked their quota 368.46 times with bids for 20.85 crore shares against 5.66 lakh shares reserved for the category.

The qualified institutional buyers (QIBs) submitted applications for over 3.26 crore shares against 3.23 lakh shares set aside for the category. The QIBs booked their segment 101.23 times.

WOL 3D India IPO Offer size, minimum investment and price band

The ₹25.56 crore book-building issue was a combination of fresh issuance of 14.52 lakh shares and an offer-for-sale (OFS) of 2.52 lakh shares.

The price band for the WOL 3D IPO was set between ₹142 and ₹150 per share.

Retail investors interested in participating in the WOL 3D India IPO could bid for a minimum of 1 lot equivalent to 1,000 shares, totalling an investment of ₹1,50,000.

The high net-worth individuals (HNIs) were required to bid for at least 2 lots or 2,000 shares, which corresponded to an investment of ₹3,00,000.

WOL 3D India IPO allotment status and listing date

The IPO share allotment status is expected to be finalised on Thursday, September 26. Refunds will initiate for unsuccessful bidders on Friday, September 27, while allottees will receive shares in their Demat accounts the same day.

Shares of WOL 3D India are scheduled to be listed on the NSE SME platform on Monday, September 30.

WOL 3D India IPO registrar

Bigshare Services Private Limited is serving as the registrar for the WOL 3D India IPO, with Hem Securities Limited acting as the book running lead manager of the issue.

WOL 3D India IPO Objective

The company plans to use the funds raised from the public issue to pay off its debts and meet working capital needs. Additionally, it planned to allocate some of the proceeds for general corporate purposes.

About WOL 3D India Limited

WOL 3D India Limited established in November 1988, specialises in 3D printing solutions across sectors like manufacturing, education, and healthcare.

The company offers a wide range of products, including 3D printers, scanners, filaments and resins, along with 3D prototypes.

With branch offices in major cities and franchises across India, WOL 3D distributes its products through e-commerce platforms and retail outlets.