WOL 3D India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹150
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,50,000
Issue Size
₹25.56 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
WOL 3D India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
89.53%
Promoter Holding (Post-Issue)
65.48%
Issue Type
Book Building - SME
ISIN
INE0OO201011
About the Company
We are 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. We are a 3D Printing Company aimed at bridging gap between ideation and manufacturing by providing high quality and cost-effective 3D Printing solutions with cutting edge technology. Our portfolio of offerings includes (i) Hardware 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.
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. 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 ational 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.
Company History
Our Company was originally incorporated as a private limited Company under the name of "Parekh Polyster Private Limited" on November 01, 1988 bearing registration number as 11-49454. Subsequently, Ratan Mohanraj Chandalia, Virendra Mohanraj Chandalia, Sumitra Virendra Chandalia, Shweta Virendra Chandalia and Swati Virendra Chandalia, purchased the entire shareholding in the year 2003. Thereafter, the name of the company was changed from "Parekh Polyster Private Limited" to "Wol 3D India Private Limited" vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on April 30, 2018 and consequent to name change a fresh Certificate of Incorporation was granted to our Company on June 20, 2018 by the Registrar of Companies, Mumbai. Subsequently, our Company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on December 12, 2022 and consequently the name of our Company was changed from "WOL 3D India Private Limited" to "WOL 3D India Limited" vide fresh Certificate of Incorporation granted to our Company consequent upon conversion into public limited company dated January 02, 2023 by the Registrar of Companies, Mumbai bearing Corporate Identification Number U74110MH1988PLC049454.
Growth Strategy
- Increase our geographical reach and expansion of addressable market.
- Scale up branding, promotional and digital activities.
- Continue to strengthen our existing product portfolio.
- Continue to expand our manufacturing facility and invest in additional plant and machinery and increase backward integration in the plant.
- Continue to strive for cost efficiency.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 17,04,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Wol 3d India Limited (The Company or Wol 3d or the issuer) at an offer price of Rs. 150 per equity share for cash, aggregating up to Rs. 25.56 crores (public offer) comprising of a fresh issue of 14,52,000 equity shares aggregating to Rs. 21.78 crores (the fresh issue) and an offer for sale of 2,52,000 equity shares by the selling shareholders (offer for sale) aggregating to Rs. 3.78 crores comprising; 70,000 equity shares aggregating up to Rs. 1.05 crores by Rahul Virendra Chandalia; 1,00,000 equity shares aggregating Rs. 1.50 crores by Saloni Rahul Chandalia, 47,000 equity shares aggregating up to Rs. 0.71 crores by Pradeep Shripal Jain and 35,000 equity shares aggregating up to Rs. 0.53 crores by Swati Pradeep Jain (collectively refferd as selling shareholders) out of which 88,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 150 per equity share for cash, aggregating Rs. 1.32 crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The public offer less market maker reservation portion i.e. offer of 16,16,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 150 per equity share for cash, aggregating Rs. 24.24 crores is herein after referred to as the net offer. The public offer and net offer will constitute 26.41% and 25.05% respectively of the post-offer paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established 3D Printing Ecosystem.
- Widespread, well connected distribution network with a presence across multiple cities, retail channels and online ecommerce platforms.
- Dedicated after-sales network.
- Established filament manufacturing capability for efficient backward integration.
- Consistent focus on quality.
- Its future success depends on the compay ability to promote its brand and protect the company reputation. Its failures to establish and promote the company's brand and any damage to its reputation will hinder the company's growth.
- Its business may be adversely impacted by product defects and liability issues which may adversely affect its business, reputation and results of operations.
- If the company fails to capitalize industry trends or partner with new brand or suppliers and commercialize new products, services and technologies that are well received by consumers in a timely manner, its operating results may be materially and adversely affected.
- The company is authorized distributors for International 3D Printer brands in India. Such authorizations are usually valid for a limited period and if such authorizations are terminated or not renewed at favourable terms, its operations may be adversely affected.
- Restrictions on import and an increase in shipment cost may adversely impact its business, cash flows and results of operations.