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18 September 2024

WOL 3D India Limited IPO, GMP, Details, Price, And Review

WOL 3D India Limited is engaged in the business of providing 3D Printing solutions that enable easier prototyping and finding applications in various sectors like manufacturing, education, engineering, architecture, interior designing, fashion designing, product designing, medical, dental etc.

They are a 3D Printing Solutions Company aimed at bridging the gap between ideation and manufacturing by providing high-quality and cost-effective 3D Printing solutions with cutting-edge technology. 3D Printing is used for additive manufacturing (AM) which is a computer-controlled process that creates three-dimensional objects by depositing materials, usually in layers. 3D printing allows materials to be created without joints and with minimal post-processing. Multiple materials can be used during this process, which makes it easy to create new products with minimal waste and lower materials costs.

WOL 3D India IPO Overview:

● Issue Size: ₹25.56 crores
● Fresh Issue: 14.52 lakh shares (₹21.78 crores)
● Offer for Sale: 2.52 lakh shares (₹3.78 crores)

Key Details

● Subscription Dates:
○ Opens: September 23, 2024
○ Closes: September 25, 2024
● Price Band: ₹142 to ₹150 per share
● Minimum Lot Size: 1000 shares

Management and Registrars

● Book Running Lead Manager: Hem Securities Limited
● Registrar: Bigshare Services Pvt Ltd
● Market Maker: Hem Finlease

WHAT IS GMP?

GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.

WOL 3D India Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
30-09-2024	150	65 (43.33%)	30-Sep-2024 12:15
28-09-2024	150	85 (56.67%)	28-Sep-2024 12:05
27-09-2024	150	85 (56.67%)	27-Sep-2024 12:10
26-09-2024	150	85 (56.67%)	26-Sep-2024 12:30
25-09-2024	150	65 (43.33%)	25-Sep-2024 12:00
24-09-2024	150	65 (43.33%)	24-Sep-2024 12:35
23-09-2024	150	65 (43.33%)	23-Sep-2024 12:35

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

WOL 3D IPO Overview

Detail	Description
IPO Date	September 23, 2024 to September 25, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹142 to ₹150 per share
Lot Size	1000 Shares
Total Issue Size	1,704,000 shares (aggregating up to ₹25.56 Cr)
Fresh Issue	1,452,000 shares (aggregating up to ₹21.78 Cr)
Offer for Sale	252,000 shares of ₹10 (aggregating up to ₹3.78 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre issue	5,000,000
Shareholding post issue	6,452,000
Market Maker portion	88,000 shares Hem Finlease

WOL 3D IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Monday, September 23, 2024
IPO Close Date	Wednesday, September 25, 2024
Basis of Allotment	Thursday, September 26, 2024
Initiation of Refunds	Friday, September 27, 2024
Credit of Shares to Demat	Friday, September 27, 2024
Listing Date	Monday, September 30, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 25, 2024

WOL 3D Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹150,000
Retail (Max)	1	1000	₹150,000
HNI (Min)	2	2,000	₹300,000

WOL 3D Limited IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

WOL 3D IPO Promoter Holding

Share Holding Pre Issue	89.53%
Share Holding Post Issue	65.48%

WOL 3D IPO Anchor Investors Details

Bid Date	September 20, 2024
Shares Offered	484,000
Anchor Portion Size (In Cr.)	7.26
Anchor lock-in period end date for 50% shares (30 Days)	October 26, 2024
Anchor lock-in period end date for remaining shares (90 Days)	December 25, 2024

Company & Financials

Incorporated in November 1988, WOL 3D India Limited provides 3D Printing solutions, which enable easier prototyping and finding applications in various sectors, such as manufacturing, education, engineering, architecture, interior design, fashion design, product design, medical and dental.

The product portfolio of the company includes:

1. Hardware like: 3D printers, 3D Scanners, Laser Engravers and 3D pens.
2. Consumables like 3D Filaments, 3D Resins.
3. 3D Prototyping services.
4. Other services.

The company manufactures 3D filaments for additive manufacturing using ABS and PLA plastics. It offers a range of products at various price points and provides prototyping services using FDM, SLA and SLS technology, including CAD/CAM modeling, reverse engineering and vacuum casting.

The company has four branch offices in Delhi, Hyderabad, Bangalore and Mumbai and five franchise offices in Pune, Chennai, Coimbatore, Rajkot and Nagercoil. The company's manufacturing facility in Bhiwandi, Maharashtra focuses on producing filaments for 3D Printing solutions and holds ISO 9001:2015, ROHS, CE and BIS Certifications. The company sells its products through e-commerce platforms such as Flipkart India Private Limited, Jiomart, Firstcry, Indiamart, Snapdeal, Moglix and Amazon Seller Services Private Limited or through retail chain outlets like CROMA and Crosswords.

Competitive Strength:

● An India-based brand offering 3D printers, scanners, engravers, pens, filaments, resins and prototyping services.
● Dedicated after-sales network to provide excellent customer support and ensure the success and satisfaction of our 3D printing customers.
● Consistent focus on quality.
● Established filament manufacturing capability for efficient backward integration.

WOL 3D Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,456.27	1,390.88	1,002.62	671.94
Revenue	4,001.43	2,371.32	2,037.03	1,683.9
Profit After Tax	503.3	240.56	84.42	88.03
Net Worth	1,061.22	566.8	326.25	241.83
Reserves and Surplus	761.22	266.8	226.25	141.83
Total Borrowing	572.6	678.98	509.78	336.75
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	61.83%
ROCE	42.50%
Debt/Equity	0.54
RoNW	47.43%
P/BV	7.07
PAT Margin (%)	12.71

	Pre IPO	Post IPO
EPS (Rs)	10.07	7.8
P/E (x)	14.9	19.23

Objectives of WOL 3D IPO

The Company proposes to utilize the funds which are being raised through the Fresh Issue towards funding the following objectives:

1. Repayment in full or in part, of certain of the outstanding borrowings.

2. To meet Working Capital requirements.

3. General Corporate Purpose.

WOL 3D IPO Review

The company is engaged in the business of providing 3D printing solutions along with related products/hardware. It marked growth in its top and bottom lines for the reported periods. The sudden boost in bottom lines for FY24 raises eyebrows and concern over its sustainability, as it is operating in a highly competitive and fragmented segment. Based on FY24 super earnings, the issue relatively appears fully priced. Small equity post IPO indicates longer gestation for migration. Well-informed investors may park moderate funds for the long term.

FAQs for WOL 3D IPO

What is WOL 3D India IPO?

WOL 3D India IPO is a main-board IPO. The company is going to raise ₹25.56 Crores via IPO. The issue is priced at ₹142 to ₹150 per equity share. The IPO is to be listed on NSE.
When will the WOL 3D India IPO open for subscription?

The IPO is to open on September 23, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 25, 2024.
What is the WOL 3D India IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is WOL 3D India Issue Size?

WOL 3D India issue size is ₹25.56 crores.
What is WOL 3D India IPO Price Band?

WOL 3D India IPO Price Band is ₹142 to ₹150.
What is WOL 3D India IPO Lot Size?

The minimum bid is 1000 Shares with ₹150,000 amount.
What is the WOL 3D India IPO Allotment Date?

WOL 3D India IPO allotment date is September 26, 2024.
What is the WOL 3D India IPO Listing Date?

WOL 3D India IPO listing date is September 30, 2024. The IPO is to list on NSE.
What is the current GMP of the WOL 3D India?

The current GMP of the WOL 3D India is 65 (43.33%).