WOL 3D INDIA LIMITED is poised to revolutionize the 3D printing landscape with its advanced solutions that cater to a wide range of sectors, including manufacturing, education, engineering, architecture, interior design, fashion design, product design, medical, and dental applications. By bridging the gap between ideation and manufacturing, Wol 3D offers high-quality and cost-effective 3D printing solutions leveraging cutting-edge technology.

The Wol 3D IPO is a Book Built Issue amounting to ₹25.56 Crores, which includes a Fresh Issue of 14.52 Lakh Shares valued at ₹21.78 Crores and an Offer for Sale of 2.52 Lakh Shares totaling ₹3.78 Crores. The subscription period is open from September 23, 2024, until September 25, 2024, with allotment expected to be finalized by September 26, 2024. Shares will be listed on the NSE SME with a tentative listing date of September 30, 2024.

Subscription Details

The share price band for the Wol 3D IPO is set between ₹142 to ₹150 per share, with a minimum lot size of 1,000 shares. Retail investors are required to invest a minimum of ₹1,50,000, while High-Net-Worth Individuals (HNIs) must invest for 2 lots (2,000 shares), totaling ₹3,00,000.

As of 11:26 AM on September 23, 2024, the IPO has already been subscribed 3.04 times, reflecting significant interest from investors. The Grey Market Premium (GMP) is estimated to be between ₹70 to ₹75, suggesting strong potential for listing gains of 45% to 50%. However, potential investors should approach the GMP with caution, as it is speculative and does not guarantee actual trading prices upon listing.

Anchor Investors and Capital Allocation

Wol 3D has successfully raised ₹7.26 Crores from Anchor Investors at the upper price band of ₹150 per share, allocating 4,84,000 equity shares to them. This underscores the confidence of institutional investors in the company’s growth trajectory and operational capabilities.

Objectives of the IPO

Proceeds from the Fresh Issue will be directed toward the following key objectives:

Repayment of Borrowings: ₹300.00 Lakhs is allocated for the full or partial repayment of outstanding borrowings.

Working Capital Requirements: ₹1,450.00 Lakhs is set aside to meet ongoing working capital needs.

General Corporate Purposes: Remaining funds will be utilized for various corporate objectives.

Financial Performance Overview

WOL 3D INDIA LIMITED has shown substantial growth in its financial metrics over recent fiscal years. The company’s revenue increased from ₹2,037.03 Lakhs in Fiscal 2022 to ₹4,001.43 Lakhs in Fiscal 2024. Similarly, EBITDA has surged from ₹113.28 Lakhs in FY22 to ₹694.37 Lakhs in FY24, while the Profit After Tax (PAT) rose from ₹84.42 Lakhs in FY22 to ₹503.30 Lakhs in FY24.

For the Wol 3D IPO, the company is issuing shares with a pre-issue Earnings Per Share (EPS) of ₹10.07 and a post-issue EPS of ₹7.80. The pre-issue Price-to-Earnings (P/E) ratio stands at 14.89x, while the post-issue P/E ratio is 19.23x. With a Return on Capital Employed (ROCE) of 42.50% and a Return on Equity (ROE) of 61.83%, these figures suggest that the IPO is fairly priced based on the company’s robust financial standing.

Investment Recommendation

Considering Wol 3D’s strong financial performance, significant subscription interest, and promising potential for listing gains, we recommend that investors Apply to the Wol 3D India Limited IPO. This IPO offers an attractive opportunity for both immediate gains upon listing and sustainable long-term investment growth due to the company’s innovative approach in the rapidly evolving 3D printing sector.

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