WOL 3D India IPO: Check issue size, price band, GMP and other details

The SME IPO of WOL 3D India opened for subscription today and will close on September 25. The company aims to raise nearly Rs 26 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

1) WOL 3D India IPO size

The IPO includes a fresh equity issue of 14.52 lakh shares and an offer for sale of 2.52 lakh shares. Through the issue, the company plans to raise Rs 26 crore.

2) WOL 3D India IPO price band

The company is offering its shares at Rs 142-150 apiece, and investors can bid for 1000 shares in 1 lot.

3) WOL 3D India GMP

In the unlisted market, the company’s shares are trading with a GMP of Rs 65, indicating a premium of 43% to the issue price.

4) About WOL 3D India

The company is engaged in the business of providing 3D Printing solutions enabling easier prototyping finding its application in various sectors like manufacturing, education, engineering, architecture, interior designing, fashion designing, product designing, medical, dental etc

5) Industry overview

Additive Manufacturing (AM), also known as 3D printing, is the process of manufacturing an object, layer by layer. It differs from the traditional subtractive manufacturing techniques involving cutting large blocks of material to form the desired object.

6) WOL 3D India financial performance

For the period ended December 2023, the company clocked total revenues of Rs 27.41 crore and net profit of Rs 2.71 crore.

7) Objects of the offer

The net proceeds from the public offer will be used for repayment of debt, working capital requirements and other general corporate purposes.

8) Lead managers and Registrar

Hem Securities is acting as the lead manager to the issue and Bigshare Services is the registrar.

9) Issue structure

About 50% of the offer is reserved for QIB investors, 35% for retail investors, and the rest 15% for non-institutional investors.

10) Important dates

The IPO opened on September 23 and will close on September 25. The final allotment will likely be made on September 26. The company’s shares will likely get listed on September 30..

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