Wol 3D India Limited IPO has caught the attention of both retail and institutional investors due to its position in the emerging field of 3D printing. The company is involved in providing 3D printing solutions for a wide range of industries, including manufacturing, education, architecture, fashion design, and healthcare. This niche offering places Wol 3D in a strong position to leverage growing demand for prototyping solutions.

The IPO size is ₹25.56 crores, consisting of a Fresh Issue of 14.52 lakh shares worth ₹21.78 crores and an Offer for Sale of 2.52 lakh shares totaling ₹3.78 crores. The IPO subscription opens on September 23, 2024, and closes on September 25, 2024.

Hem Securities Limited is the lead manager, while Bigshare Services Private Limited will act as the registrar for the issue. Shares will be listed on NSE SME, with a tentative listing date of September 30, 2024.

Pricing Details

The price band for the Wol 3D India Limited IPO is set at ₹142 to ₹150 per equity share. The minimum lot size is 1,000 shares, which requires a minimum investment of ₹1,50,000 for retail investors. HNIs must invest in a minimum of two lots (2,000 shares), amounting to ₹3,00,000.

Financial Performance

Wol 3D India Limited has shown impressive growth over the last few years. Revenue for Fiscal 2024 stood at ₹4,001.43 lakhs, compared to ₹2,371.32 lakhs in Fiscal 2023, a significant growth of 68.7%. The company's EBITDA increased to ₹694.37 lakhs in FY2024 from ₹355.55 lakhs in FY2023. The Profit after Tax also rose to ₹503.30 lakhs in FY2024, compared to ₹240.56 lakhs in the previous year.

With a Return on Capital Employed (ROCE) of 42.50% and a Return on Equity (ROE) of 61.83%, Wol 3D stands out as a profitable and growing company in the SME space.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Wol 3D India Limited IPO is expected to be in the range of ₹70 to ₹75 per share, indicating potential listing gains of 45% to 50%. However, it's important to note that GMP does not guarantee actual listing performance, as it is largely driven by speculative demand and supply in the unofficial market.

Subscription Status

As of 11:26 AM on the first day of the subscription period (September 23, 2024), Wol 3D IPO was subscribed 3.04 times. The subscription rates are expected to increase as the final days approach, reflecting growing investor interest. Investors can check the real-time subscription status at NSE for the latest updates.

Allotment and Listing

The allotment date for Wol 3D India Limited IPO is set for September 26, 2024. Investors can check their allotment status by visiting the Registrar’s Website. To check the allotment:

Go to the IPO allotment page.

Select Wol 3D India Limited IPO from the list.

Enter your application number, PAN, or DP Client ID.

Submit the details to check your allotment status.

The shares are expected to be listed on NSE SME on September 30, 2024.

Objectives of the Issue

The proceeds from the Fresh Issue will be utilized for the following purposes:

₹300.00 lakhs for repayment of certain outstanding borrowings.

₹1,450.00 lakhs for meeting working capital requirements.

General corporate purposes.

Promoters

Wol 3D India Limited was founded by its first-generation promoters: Rahul Virendra Chandalia, Saloni Rahul Chandalia, Pradeep Shripal Jain, and Swati Pradeep Jain. These individuals bring a collective experience of over two decades in diverse fields such as manufacturing and 3D technology.

Should You Apply?

The valuation for Wol 3D India Limited IPO seems reasonable, with a pre-issue P/E ratio of 14.89x and a post-issue P/E ratio of 19.23x. With a pre-issue EPS of ₹10.07 and a post-issue EPS of ₹7.80, combined with the company’s impressive ROE and ROCE, investors can consider applying to this IPO for listing gains or long-term investment.

However, given the risk factors associated with SME IPOs and the volatility of the 3D printing market, this investment may appeal more to those with a higher risk appetite.

Final Thoughts

Wol 3D India Limited IPO presents an exciting opportunity in the 3D printing industry, a sector with tremendous potential for growth. The company's robust financials and strong ROE make it an attractive option for both listing gains and long-term investors. However, investors should carefully assess their risk profile before applying.

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