WOL 3D is scheduled to hit the market on September 23, 2024 and close on September 25, 2024. WOL 3D plans to raise around ₹25.56 Cr through an IPO with a sale of up to 1,704,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
WOL 3D India Limited was established in November 1988 and specializes in providing 3D printing solutions. Their products make it easier for businesses to create prototypes and are used in various fields like manufacturing, education, architecture, fashion, and medicine. The company offers a variety of hardware, including 3D printers, scanners, laser engravers, and 3D pens. They also sell consumables such as 3D filaments and resins, along with services like prototyping using different technologies like FDM, SLA, and SLS.
WOL 3D has branch offices in major cities like Delhi, Hyderabad, Bangalore, and Mumbai, along with franchise offices in Pune, Chennai, Coimbatore, Rajkot, and Nagarcoil. Their manufacturing unit in Bhiwandi, Maharashtra, focuses on producing high-quality 3D filaments and holds several important certifications. The company sells its products through popular e-commerce platforms like Flipkart and Amazon, as well as retail outlets like CROMA. With a strong focus on quality and customer support, WOL 3D aims to ensure satisfaction for their clients in the 3D printing industry. As of August 31, 2024, they had 77 employees.
WOL 3D IPO Details
WOL 3D IPO opens on September 23, 2024, and closes on September 25, 2024. The Listing date for WOL 3D IPO is on September 30, 2024. The price band for IPO is ₹142 to ₹150 per share and lot size of 1000 Shares.
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | September 30, 2024 |
| Price | ₹142 to ₹150 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹25.56 Cr |
| Face Value | ₹10 per share |
WOL 3D IPO Tentative Timetable
WOL 3D opening date is September 23, 2024 and close date is September 25, 2024. The IPO allotment date is September 26, 2024. Therefund initiation of IPO is on September 27, 2024. The credit of shares in demat account is on September 27, 2024. The listing date is on September 30, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 23, 2024 |
| IPO Closing | September 25, 2024 |
| IPO Allotment Date | September 26, 2024 |
| Refund Initiation | September 27, 2024 |
| Shares Credit to Demat | September 27, 2024 |
| Lisiting Date | September 30, 2024 |
WOL 3D IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹150,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹150,000 |
| Retail(Maximum) | 1 | 1000 | ₹150,000 |
| HNI (Minimum) | 2 | 2000 | ₹300,000 |
WOL 3D IPO Promoter Holding
| Pre Issue Share Holding | 89.53% |
| Post Issue Share Holding | 65.48% |
WOL 3D IPO Review
The company is launching its first IPO using a combo book building method. They are offering 1,704,000 equity shares at a price of Rs. 10 each, aiming to raise Rs. 25.56 crores.
On the financial performance front, for the last four fiscals, the company has posted a total income/net profit of Rs. 20.37 cr. / Rs. 0.84 cr. (FY22), Rs. 23.71 cr. / Rs. 2.41 cr. (FY23), and Rs. 40.01 cr. / Rs. 5.03 cr. (FY24).
For the last three fiscals, it has reported an average EPS of Rs. 6.92 and an average RoNW of 42.17%. The issue is priced at a P/BV of 7.07 based on its NAV of Rs. 21.22 as of March 31, 2024, and at a P/BV of 2.68 based on its post-IPO NAV of 56.06 per share.
If we attribute FY24 super earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a P/E of 19.23. Based on FY23 earnings, the P/E stands at 40.21. Thus the issue relatively appears fully priced. As the company is operating in a highly competitive and fragmented segment, super performance in a pre-IPO year raises eyebrows and concern over its sustainability.
The company reported PAT margins of 4.29% (FY22), 10.32% (FY23), 12.71% (FY24), and RoCE margins of 13.55%, 28.54%, 42.50% for the referred periods, respectively.
This is the 55th mandate from Hem Securities in the last three financial years, including the current one. Out of the last 10 companies that listed their shares, all of them started trading at a premium between 18.18% and 90% on their listing day.
The company provides 3D printing solutions and related products. It has shown growth in both revenue and profits for the recent periods. However, the sudden increase in profits for FY24 has raised some questions about how sustainable this growth is, especially since the market is very competitive and fragmented. Based on the high earnings reported for FY24, the stock seems to be fully priced. The small amount of equity available after the IPO suggests that it may take longer for the company to grow. Savvy investors might consider investing a moderate amount for the long term.
WOL 3D IPO Subscription Status (Bidding Details)
Table not foundWOL 3D IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
WOL 3D IPO FAQs
What is WOL 3D IPO?
WOL 3D is issuing 1,704,000 equity shares with a face value of ₹10 each, totaling up to ₹25.56 Cr. The shares are being offered at a price of ₹142 to ₹150 each, with a minimum order quantity of 1000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When WOL 3D IPO will open?
WOL 3D will open on September 23, 2024 for QIB, NII, and Retail Investors.
When WOL 3D IPO will end?
WOL 3D will end on September 25, 2024.
What is WOL 3D IPO Size?
WOL 3D IPO size is ₹25.56 Cr.
What is WOL 3D IPO Price Band?
WOL 3D price band is ₹142 to ₹150 per share.
What is WOL 3D IPO Allotment Date?
WOL 3D allotment date is September 26, 2024.
What is WOL 3D IPO Listing Date?
WOL 3D listing date is September 30, 2024. The IPO is to be listed on BSE and NSE.
How to WOL 3D IPO through Zerodha?
To apply for the IPO “WOL 3D” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply WOL 3D IPO through Upstox?
To apply for the IPO “WOL 3D” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check WOL 3D IPO Allotment Status?
For WOL 3D IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is WOL 3D IPO GMP?
You can check out here: WOL 3D IPO GMP. Check all IPO GMP here.