WOL 3D IPO Listing: The share of 3D printing company WOL 3D India Ltd (NSE: WOL3D) made a strong entry on NSE’s SME platform on Monday. The IPO was over 373 times more than the overall offer. The share has been issued for Rs 150 under the IPO.
On Monday it entered NSE SME at Rs 180.05, that is, IPO investors got a listing gain of 20 percent (WOL 3D Listing Gain). However, the excitement of IPO investors diminished over just a few days when shares dropped.
It sank to 178.00 rupees (WOL 3D Share Price) That is, IPO investors are currently making 18.67 % of profit.
WOL 3D IPO Got A Huge Response
WOL 3D India Ltd’s initial public offering of 25.56 crore rupees IPO was available for registration from September 23 to September 25. The IPO received an overwhelming response from investors, and in total, it was viewed 373.86 times.
In this instance, the part that is reserved for qualified Institutional Buyers (QIB) was subscribed 101.24 times. The portion for Non-Institutional Investors (NII) was subscribed 748.81 times and the part for retail investors was subscribed 368.47 times.
New share of around 21.78 crore rupees was issued in this IPO. In addition, 2.52 lakh shares with a price of face value Rs. 10 have been sold in the Sale window. The proceeds of an Offer for Sale will be given to shareholders who sell the shares.
In addition, the funds raised by the sale of shares will be used by the company for repayment of the debt, to satisfy working capital requirements, and for general corporate goals.
About WOL 3D
Formed in November 1988, WOL 3D India Ltd provides services related to 3D printing. The product range includes hardware, such as 3D printers 3D scanners, laser engraving machines, and 3D pen, as well as consumables like 3D filaments, and 3D resins, 3D prototype services, as well as others.
It has four branch offices in Delhi, Hyderabad, Bengaluru and Mumbai. In addition, the franchise has five offices located in Pune, Chennai, Coimbatore, Rajkot, and Nagercoil. Its manufacturing plant is located situated in Bhiwandi, Maharashtra.
Discussion about the finances of the business has been steadily improving. In the fiscal year 2021, the company made net earnings of 88.03 lakh rupees. This increased to 84.42 lakh rupees for the next fiscal year 2022.
However, after this it grew rapidly and reached Rs 2.41 crore in FY 2023 and Rs 5.03 crore in FY 2024. In this time when the company’s revenues increased, it was by a compound annual growth rate (CAGR) of over 33 % per year to reach 40.01 rupees crore.
Quick Fact
| Company name | WOL 3D |
|---|---|
| IPO price | ₹150 |
| Listing price | ₹180.05 |
| Listing gain | 20% |
| Current share price | ₹178 |
| Profit for IPO investors | 18.67% |
| IPO subscription | 373.86 times |
| QIB subscription | 101.24 times |
| NII subscription | 748.81 times |
| Retail subscription | 368.47 times |
| IPO size | ₹25.56 crore |
| New share issue size | ₹21.78 crore |
| Face value per share | ₹10 |
| Shares sold in Offer for Sale | 2.52 lakh shares |
| Company formation | November 1988 |
| Products | 3D printers, 3D scanners, laser engraving machines, 3D pens, 3D filaments, 3D resins, 3D prototype services |
| Offices | 4 branches (Delhi, Hyderabad, Bengaluru, Mumbai), 5 franchises (Pune, Chennai, Coimbatore, Rajkot, Nagercoil) |
| Manufacturing plant | Bhiwandi, Maharashtra |
| FY 2021 net earnings | ₹88.03 lakh |
| FY 2022 net earnings | ₹84.42 lakh |
| FY 2023 net earnings | ₹2.41 crore |
| FY 2024 net earnings | ₹5.03 crore |
| CAGR | Over 33% |
| Revenue (FY 2024) | ₹40.01 crore |
| Funds Usage | Debt repayment, working capital, corporate goals |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
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