WOL 3D INDIA LIMITED 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. They are a 3D Printing Solutions Company aimed at bridging gap between ideation and manufacturing by providing high quality and cost-effective 3D Printing solutions with cutting edge technology.
Wol 3D, an Book Built Issue amounting to ₹25.56 Crores, consisting an Fresh Issue of 14.52 Lakh Shares worth ₹21.78 Crores and an Offer for Sale of 2.52 Lakh Shares totalling to ₹3.78 Crores. The subscription period for the Wol 3D IPO opens on September 23, 2024, and closes on September 25, 2024. The allotment is expected to be finalized on or about Thursday, September 26, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, September 30, 2024.
The Share price band of Wol 3D IPO is set at ₹142 to ₹150 equity per share, with a minimum lot size of 1,000 shares. Retail investors are required to invest a minimum of ₹1,50,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,000 shares), amounting to ₹3,00,000.
Hem Securities Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar for the Issue. Hem Finlease Private Limited is the sole Market Marker for the Wol 3D IPO.
Wol 3D India Limited IPO GMP Today
The Grey Market Premium of Wol 3D India Limited IPO is expected in the range of ₹70 to ₹75 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Wol 3D India Limited IPO Live Subscription Status Today: Real-Time Updates
As of 11:26 AM on 23 September 2024, the Wol 3D India Limited IPO live subscription status shows that the IPO subscribed 3.04 times on its First day of subscription period. Check the Wol 3D India Limited IPO Live Subscription Status Today at NSE.
Wol 3D India Limited IPO Anchor Investors Report
Wol 3D has raised ₹7.26 Crore from Anchor Investors at a price of ₹150 per shares in consultation of the Book Running Lead Managers. The company allocated 4,84,000 equity shares to the Anchor Investors. Check Full list of Wol 3D India Anchor Investors List
Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.
Wol 3D India Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Wol India IPO allotment date is 26 September, 2024, Thursday. Wol 3D India IPO Allotment will be out on 26th September 2024 and will be live on Registrar Website from the allotment date. Check Wol 3D India Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Wol 3D India Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Wol 3D India Limited IPO
Wol 3D Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹300.00 Lakhs is required for Repayment in full or in part, of certain of our outstanding borrowings;
2. ₹1450.00 Lakhs is required to meet Working Capital requirements
3. General Corporate Purpose
Refer to Wol 3D India Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.
The Upcoming IPOs in this week and coming weeks are Avax Apparels & Ornaments Limited, WOL 3D India Limited, Rappid Valves (India) Limited, TechEra Engineering Limited, Unilex Colours & Chemicals Limited, Thinking Hats Entertainment Solutions Limited, Manba Finance Limited, KRN Heat Exchanger Refrigerator Limited, Divyadhan Recycling Industries Limited, Archit Nuwood Industries Limited.
The current active IPO is Avi Ansh Textiles Limited, Phoenix Overseas Limited, BikeWo GreenTech Limited, SD Retail Limited, Kalana Ispat.
Wol 3D India IPO Details |
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IPO Date | September 23, 2024 to September 25, 2024 | ||||||||||
Listing Date | September 30, 2024 | ||||||||||
Face Value | ₹10 | ||||||||||
Price | ₹142 to ₹150 per share | ||||||||||
Lot Size | 1,000 Shares | ||||||||||
Total Issue Size | 17,04,000 Equity Shares (aggregating up to ₹25.56 Cr) | ||||||||||
Fresh Issue | 14,52,000 Equity Shares (aggregating to ₹21.78 Cr) | ||||||||||
Offer for Sale | 2,52,000 Equity Shares (aggregating upto ₹3.78 Cr) | ||||||||||
Issue Type | Book Built Issue IPO | ||||||||||
Listing At | NSE SME | ||||||||||
Share holding pre issue | 50,00,000 | ||||||||||
Share holding post issue | 64,52,000 |
Wol 3D India IPO Lot Size |
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Application | Lots | Shares | Amount | ||||||||
Retail (Min) | 1 | 1,000 | ₹1,50,000 | ||||||||
Retail (Max) | 1 | 1,000 | ₹1,50,000 | ||||||||
HNI (Min) | 2 | 2,000 | ₹3,00,000 |
Wol 3D India IPO Timeline (Tentative Schedule) |
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IPO Open Date | Monday, September 23, 2024 | ||||||||||
IPO Close Date | Wednesday, September 25, 2024 | ||||||||||
Basis of Allotment | Thursday, September 26, 2024 | ||||||||||
Initiation of Refunds | Thursday, September 26, 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 India IPO Reservation |
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Investor Category | Shares Offered | Reservation % | |||||||||
QIB Portion | 3,23,000 | Not More than 50% of the Net Issue | |||||||||
Non-Institutional Shares Offered | 2,43,000 | Not Less than 15% of the Net Issue | |||||||||
Retail Shares Offered | 5,66,000 | Not Less than 35% of the Net Issue | |||||||||
Anchor Investor Portion | 4,84,000 | Allotted from QIB Portion | |||||||||
Market Maker Portion | 88,000 | 5.16% of the Issue |
Wol 3D India IPO Promoter Holding |
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Share Holding Pre Issue | 89.53% | ||||||||||
Share Holding Post Issue | 65.48% |
Wol 3D India IPO Subscription Status |
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Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed | ||||||||
Qualified Institutional Buyers (QIBs) | 3,23,000 | - | - | ||||||||
Non Institutional Investors (NIIS) | 3,31,000 | 3,40,000 | 1.02 | ||||||||
Retail Individual Investors (RIIs) | 5,66,000 | 33,74,000 | 5.96 | ||||||||
Total | 12,20,000 | 37,14,000 | 3.04 |
WOL 3D INDIA LIMITED 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. They are a 3D Printing Solutions Company aimed at bridging gap between ideation and manufacturing by providing high quality and cost-effective 3D Printing solutions with cutting edge technology. Their portfolio of offerings includes (i) Hardwares like: 3D printers, 3D Scanners, Laser Engravers and 3D pens (ii) Consumables like: 3D Filaments, 3D Resins, (iii) 3D Prototyping services and (iv) Other services. 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.
Expanding their operations towards back integration, they also manufacture 3D filaments used in additive manufacturing process. They manufacture these thermoplastic filaments used in 3D printers made from Acrylonitrile Butadiene Styrene (ABS) and Polylactic Acid (PLA) plastic. Their range of products are offered at different pricing points to meet diverse customer requirements. Additionally, they design, develop, manufacture, and sell a wide range of aesthetic products made out of 3D Printing technology. They also provide Prototyping services using FDM, SLA and SLS technology. Their prototyping solutions include services through (i) CAD/CAM moddel, (ii) Reverse Engineering and (iii) Vacuum casting.
Over the years they have expanded their operations through their branch offices and franchisee agreements. They have their 4 branch offices located in Delhi, Hyderabad, Bangalore and Mumbai and 5 franchisee offices located in Pune, Chennai, Coimbatore, Rajkot and Nagarcoil. Their products are largely sold through their experience centres or are sold online through e-commerce platforms such as Flipkart India Private Limited, Jiomart, Firstcry, Indiamart, Snapdeal, Moglix and Amazon Seller Services Private Limited or through retail chains outlets like CROMA and Crosswords. Their company was aired on Shark Tank India in year 2023, which gathered recognition and awareness of their products and its application.
ADDITIVE MANUFACTURING INDUSTRY
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. AM has the potential to transform manufacturing due to design freedom, shape optimisation potential, reduced time-to-market, ease of making changes and low capex requirements. Furthermore, AM plays a key role in bringing about Industrial Revolution 4.0.
India has an excellent opportunity as the world begins to adopt AM techniques. Additive manufacturing development and adoption can help India in become a leading manufacturing hub. To achieve this, the Ministry of Electronics and Information Technology (MeitY) formulated the ‘National Strategy on Additive Manufacturing’. The strategy aims to increase India’s share in global AM to 5% in the next three years. Meity estimates that AM can add US$ 1 billion to India’s GDP by that time.
Additive Manufacturing is ushering the world into an Industrial Revolution 4.0, offering immense potential that could revolutionize India's manufacturing and industrial production landscape through digital processes, communication, imaging, architecture and engineering that provide digital flexibility and efficiency. Valued above US$ 7 billion1 in 2017, the industry is growing rapidly, and is expected to be at USD 35.6 billion by 2023. As countries and companies choose to diversify and recalibrate their supply chains, thus restructuring the global manufacturing order, India is also facing generational opportunity to strengthen its value proposition and realign its global positioning. A strategic effort is, therefore, required to develop indigenous technological capabilities, as also, fully tap and leverage the potential opportunities of the Fourth Industrial Revolution. Collective focus on Additive Manufacturing can immensely augment India's efforts to position itself as Manufacturing Hub of the world. Globally, Governments are closely evaluating the impact of AM technologies on their economies, skills and capability development; and thus developing their National Manufacturing Strategies. In this backdrop, National Strategy on Additive Manufacturing is extremely pertinent to aspire for India's Manufacturing Value Add to 1Trillion USO per annum.
This strategy document has been formulated to promote all sub-sectors, such as, machines, materials, software and design within the Additive Manufacturing. It will further accelerate the adoption of untapped potential business opportunities, and strengthen execution of recommendations laid in the National Electronics Policy,2019.
Additive Manufacturing technologies are essentially classified into virtual and physical models. The virtual model represents computational models and applications for simulation and optimization. The physical model represents threedimensional virtual design models that are then speedily fabricated into a physical object. This process is known as rapid prototyping
The Additive Manufacturing process begins with a software programme used to design a digital model for prototyping a physical object, a process referred to as Computer Aided Design. A digital model may also be created through reverse engineering using a 3D scanner. The validation of the technical and commercial feasibility of producing components at preproduction volumes is allowed under AM. Related simulations tools along with production planning are used to capture the shape distortion in the building of a component so geometric adjustments are understood in advance; to find the melt pool dynamic and residual stress state in the ready component which can be disastrous to its load carrying capacity; to improve the building sequence and/or energy deposition in order to improve the state of the component.
To keep pace with rapid global manufacturing prowess, India needs to adopt an integrated approach to additive manufacturing in all segments including defence and public sectors, especially within the nation's small, medium and largescale industries. The National Strategy on Additive manufacturing (AM) will aim to create a conducive ecosystem for design, development and deployment, and to overcome technical and economic barriers for Global AM leaders to set up their operations with supporting ancillaries in India, facilitating development of the domestic market and enhancement of global market share. It will also seek to encourage and promote local manufacturers to seamlessly adopt this emerging technology, creating a support base for foreign companies. Attempts will be made to bring together industry, academia, Government and user organizations on a single platform for information exchange on national priorities, latest innovation and research outcomes, international standards etc., ensuring India optimises the benefits from the commercialization of Additive manufacturing (AM) technologies.
Additive manufacturing (AM) is the digital revolution of industrial production that embraces innovation in digital processes, communications, imaging, architecture and engineering to provide digital flexibility and efficiency to manufacturing operations. The computer-aided-design (CAD) software data is used directly to the hardware under this technology to deposit material layer upon layer in precise geometric shapes. Presently, digital Technology involves CADs to make products using subtractive processes. Future of digital manufacturing will use additive processes, which can sustain agile environment in mass production of hi-tech products and to reduce significant process wastes.
Ministry of Electronics and Information Technology (MeitY), being a nodal agency for Digital Technology, has evolved a strategy to promote all the verticals of the AM sector, including machines, materials, software and designs to leverage the untapped business opportunities in this emerging technology that will unfold in the near future.
AM is among the most revolutionary scientific innovations & discoveries. It enables access to cost-effective and flexible manufacturing and designing techniques. It is a boon for small businesses as they can adapt to the changing demand environment due to simplified supply chains and grow faster through innovation and product differentiation. The National Strategy on AM is thus crucial in helping the Indian industry remain competitive. The strategy aims to create an ecosystem comprising 100 start-ups, 1 lakh new skilled manpower, 10 AM sectors and 50 AM products and technologies. It also aims to create an ecosystem for adopting the latest developments. The PPP model will help procure the best of private and public resources. India is currently a nascent market for AM and, given the strategy, has immense potential to become a world leader in revolutionising manufacturing with AM.
WOL 3D INDIA LIMITED COMPETITIVE STRENGTHS
1. Established 3D Printing Ecosystem
2. Widespread, well connected distribution network with a presence across multiple cities, retail channels and online ecommerce platforms.
3. Dedicated after-sales network
4. Established filament manufacturing capability for efficient backward integration
5. Consistent focus on quality
6. Experienced Promoter and management team
WOL 3D INDIA LIMITED STRATEGIES
1. Increase their geographical reach and expansion of addressable market
2. Scale up branding, promotional and digital activities
3. Continue to strengthen their existing product portfolio.
4. Continue to expand their manufacturing facility and invest in additional plant and machinery and increase backward integration in the plant
5. Continue to strive for cost efficiency
WOL 3D INDIA LIMITED RISK FACTORS & CONERNS
1. They are authorized distributors for International 3D Printer brands in India and such authorizations are usually valid for a limited period.
2. They are susceptible to supply shortages and interruptions, long lead times, and price fluctuations for imported hardware and raw materials used for manufacturing filaments.
3. They are heavily reliant on their relationships with certain online marketplaces.
4. They are dependant on their manufacturing facility for manufacturing of filaments.
5. Excessive dependence on IDFC Bank Limited in respect of Loan facilities obtained by the Company.
Period Ended | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
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Reserve of Surplus | 761.22 | 266.80 | 226.25 |
Total Assets | 2,456.27 | 1,390.88 | 1,002.62 |
Total Borrowings | 572.60 | 678.98 | 509.78 |
Fixed Assets | 55.18 | 56.70 | 33.16 |
Cash | 92.62 | 46.34 | 68.16 |
Net Borrowing | 479.98 | 632.64 | 441.62 |
Revenue | 4,001.43 | 2,371.32 | 2,037.03 |
EBITDA | 694.37 | 355.55 | 113.28 |
PAT | 503.30 | 240.56 | 84.42 |
EPS | 10.07 | 4.81 | 1.69 |
Note 1:- ROE & ROCE calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (PAT) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue/Offer, given in Business Standard/Price Band AD given on Company's Website.
Key Performance Indicator |
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KPI | Values | ||||||||||
EPS Pre IPO (Rs.) | ₹10.07 | ||||||||||
EPS Post IPO (Rs.) | ₹7.80 | ||||||||||
P/E Pre IPO | 14.89 | ||||||||||
P/E Post IPO | 19.23 | ||||||||||
ROE | 61.83% | ||||||||||
ROCE | 42.50% | ||||||||||
P/BV | 2.67 | ||||||||||
Debt/Equity | 0.54 | ||||||||||
RoNW | 47.43% |
Wol 3D India Limited IPO Peer Comparison |
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Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
Wol 3D India Limited | ₹7.80 | 42.50% | 61.83% | 19.23 | 2.67 | 0.54 | 47.43% | ||||
There are no listed peers of the company. | ₹ | % | % | - | - | - | % |
WOL 3D INDIA LIMITED
18, Ground Floor, Bombay Cotton Mill Estate, Dattaram Lad Marg, Kalachowky, Mumbai, Maharashtra, India, 400033
Contact Person : Nayna Pratik Lunker
Telephone : 022 – 23727396
Email Id : investor.relations@wol3d.com
Website : https://worldoflilliputs.com/3d-printer-shop-online/?srsltid=AfmBOoqUFy9IjbB6RU23UIsktn6DIcQM4FjcOPCW9YlLZ6V-YaUHKosK
Registrar : Bigshare Services Private Limited
Contact Person : Ganesh Shinde
Telephone : +91-22-6263 8200
Email Id : ipo@bigshareonline.com
Website : https://www.bigshareonline.com/
Lead Manager : Hem Securities Limited
Contact Person : Roshni Lahoti
Telephone : +91 22 4906 0000
Email Id : ib@hemsecurities.com
Website : https://www.hemsecurities.com/
WOL 3D INDIA LIMITED 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. They are a 3D Printing Solutions Company aimed at bridging gap between ideation and manufacturing by providing high quality and cost-effective 3D Printing solutions with cutting edge technology.
This business was founded by their 1st generation Promoters, Rahul Virendra Chandalia, Saloni Rahul Chandalia, Pradeep Shripal Jain and Swati Pradeep Jain who have been associated with the Company since 2019 and have an experience of around 13 years, 13 years, 20 years and 3 years respectively.
Financially, Revenue in Fiscal 2024, Fiscal 2023 and Fiscal 2022 was ₹4,001.43 Lakhs, ₹2,371.32 Lakhs and ₹2,037.03 Lakhs, respectively. The EBITDA for the Fiscals 2024, 2023 and 2022 were ₹694.37 Lakhs, ₹355.55 Lakhs and ₹113.28 Lakhs respectively. The Profit after Tax for the Fiscals 2024, 2023 and 2022 were ₹503.30 Lakhs, ₹240.56 Lakhs and ₹84.42 Lakhs respectively.
For the Wol 3D India IPO, the company is issuing shares at a pre-issue EPS of ₹10.07 and a post-issue EPS of ₹7.80. The pre-issue P/E ratio is 14.89x, while the post-issue P/E ratio is 19.23x. The company's ROCE for FY24 is 42.50% and ROE for FY24 is 61.83%. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Wol 3D showing potential listing gains of 45% -50%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Wol 3D India Limited IPO for Listing gain or long term investment purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information.
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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