WOL 3D India IPO: NSE SME issue booked nearly 12 times so far; check price band and other key details

WOL 3D India Limited IPO opened to a strong demand on Monday, September 23, as the public offer was fully subscribed within hours of launch.

The NSE SME issue has been subscribed 11.87 times so far on the first day of subscription driven by strong retail demand.

Retail individual investors category was booked 20.48 times. WOL 3D India IPO was booked 6.23 times in the non-institutional investors (NIIs) portion, while the qualified institutional buyers (QIBs) quota was subscribed 1.03 times.

The investors interested in the initial public offer of WOL 3D India Limited should check important details about the issue like price band, offer size, lot size and listing date, before bidding.

WOL 3D India IPO: Offer size and price band

The ₹25.56-crore book-building issue consists of a fresh issue of 14.52 lakh shares along with an offer-for-sale (OFS) of 2.52 lakh shares. WOL 3D IPO price band has been fixed at ₹142 to ₹150 per share.

Retail investors interested in applying for WOL 3D India IPO can place bids for a minimum lot size of 1 lot or 1,000 shares which aggregates to an investment of ₹1,50,000. High Networth Individuals (HNIs) can place bids for a minimum lot size of 2 lots or 2,000 shares which amounts to an investment of ₹3,00,000.

WOL 3D India IPO share allotment status and listing date

The subscription window for WOL 3D IPO opened on Monday, September 23. The IPO will close for bidding on September 25. The share allotment status is expected to be finalised on Thursday, September 26. After the share allotment status is finalised, refunds will be initiated for unsuccessful bidders on Friday, September 27 and successful bidders will receive shares of WOL 3D India in their Demat accounts the same day. Shares of WOL 3D India will list on the NSE SME platform, Emerge. The tentative listing date for WOL 3D India shares is Monday, September 30.

WOL 3D India: Key financials

WOL 3D India’s revenue for FY24 increased over 68% to ₹40.01 crore compared to ₹23.71 crore in FY23. The company’s profit-after-tax grew over 109% to ₹5.03 crore in FY24 against ₹2.4 crore in FY23. The net worth of the company surged more than 87% to ₹10.61 crore in FY24 compared to ₹5.66 crore in the preceding financial year.

WOL 3D India IPO Registrar

The WOL 3D India IPO book running lead manager is Hem Securities Limited, the registrar for the issue is Bigshare Services Pvt Ltd.

WOL 3D India Promoters

WOL 3D India promoters include Rahul Virendra Chandalia, Saloni Rahul Chandalia, Pradeep Shripal Jain and Swati Pradeep Jain. The promoters of the company held 89.53% stake in the company before the issue. After the public issue the shareholding of the promoters will reduce to 65.48%.

WOL 3D India IPO Objective

The company plans to use the money raised via the public issue for repayment of its borrowings and for meeting working capital requirements. The company will also use the proceeds of the public issue for general corporate purposes.

About WOL 3D India Limited

WOL 3D India Limited was incorporated in November 1988. The company provides 3D printing solutions to sectors, such as manufacturing, education, engineering, architecture, interior design, fashion design, product design, medical, and dental. The company’s product portfolio comprises 3D printing hardware, 3D printing consumables like 3D filaments and 3D Prototyping services. The company had 77 employees as of August 31, 2024.