WOL 3D India listing: Shares rise nearly 5% after making a decent debut at 20% premium; check details

WOL 3D India Ltd made a strong debut on the NSE SME platform on Monday, September 30, with its shares listing at a premium of 20% over the issue price.

Shares of the company opened at ₹180.05 per share, reflecting gains of 20% over the issue price of ₹150 apiece.

The stock, however, slipped 5% to hit an intraday low of ₹171.05 per share after listing due to some profit taking by investors. However, the stock recovered soon and hit an intraday high of ₹189.05 apiece.

More than 5.72 lakh shares of the company changed hands in the first five minutes of trade. The traded value was over ₹10 crore. The market valuation stood at ₹118.65 crore.

WOL 3D India IPO details

WOL 3D India last week raised ₹25.56 crore through its initial public offering on the NSE SME platform Emerge. The IPO was open for subscription from September 23 to September 25. The IPO comprised a fresh issue of 14.52 lakh shares and an Offer-for-Sale of 2.52 lakh shares. The company had fixed the price band at ₹142 to ₹150 per share. The minimum lot size was 1,000 shares and the minimum investment was ₹1,50,000 at the upper band for retail investors.

The WOL 3D India Limited IPO was booked 374 times at the close of bidding on September 25. Applications for more than 42.33 crore shares were received against 11.32 lakh shares on offer.

The non-institutional investors’ category was booked 749.18 times. The retail portion was subscribed 368.52 times and the qualified institutional investors’ portion was booked 101.23 times.

WOL 3D India IPO objective

According to RHP, WOL 3D India Limited has proposed to use an estimated amount of ₹3 crore from the IPO proceeds to repay in part or full certain borrowing. As at March 31, 2024 we had various borrowings facilities with total outstanding of ₹361.14 lakh.

Additionally, the company will utilise ₹14.50 crore to meet working capital requirements and for general corporate purposes.

About WOL 3D India Limited

WOL 3D India Limited is in the business of 3D printing solutions that enable simpler prototyping. The company caters to various sectors such as manufacturing, engineering, education, interior design, architecture, fashion design, and more.

WOL 3D India has offices in Mumbai, Delhi, Hyderabad and Bangalore and five franchisee offices in Chennai, Pune, Rajkot, Coimbatore and Nagercoil. The company also offers products through e-commerce websites like Amazon and Flipkart and offline stores like Crossword.