WOL 3D is coming with an IPO consisting of a fresh issue of 14,52,000 shares worth INR 21.78 crores and an offer to sell 2,52,000 shares worth INR 3.78 crores. The company aims to fund the working capital requirements, repay its borrowings, and for general corporate purposes.
WOL 3D IPO – Important Dates
WOL 3D IPO Date | September 23, 2024 to September 25, 2024 |
WOL 3D IPO Listing Date | September 30, 2024 |
WOL 3D IPO Price | INR 142- 150 per share |
WOL 3D IPO Lot Size | 1000 Shares |
WOL 3D IPO Total Issue Size | INR 25.56 crores |
WOL 3D IPO Basis of Allotment | September 26, 2024 |
WOL 3D IPO Initiation of Refunds | September 27, 2024 |
WOL 3D IPO Credit of Shares to Demat | September 27, 2024 |
WOL 3D IPO Issue Type | Book Built Issue IPO |
WOL 3D IPO Listing At | NSE SME |
Read more about WOL 3D India Limited IPO GMP
WOL 3D India Limited IPO – Company Profile
WOL 3D provides 3D printing solutions, enabling easier prototyping and finding applications in various sectors like manufacturing, education, engineering, architecture, interior design, fashion design, product design, and medical and dental. The company is a 3D Printing Solutions Company aimed at bridging the gap between creativity and manufacturing by providing high-quality and cost-effective 3D Printing solutions with cutting-edge technology.
The portfolio of offerings includes (i) Hardware like 3D printers, 3D Scanners, Laser Engravers, and 3D pens (ii) Consumables like 3D Filaments, and 3D Resins, (iii) 3D Prototyping services, and (iv) Other services. 3D Printing is used for additive manufacturing (AM), a computer-controlled process that creates three-dimensional objects by depositing materials, usually in layers.
The company has four branch offices in Delhi, Hyderabad, Bangalore, and Mumbai and five franchisee offices in Pune, Chennai, Coimbatore, Rajkot, and Nagercoil.
WOL 3D India IPO Fundamental Analysis
WOL 3D’s strong revenue growth, improved profitability, higher RoNW, reduced debt, and steady liquidity position show strong financial health. These factors make the IPO an attractive investment opportunity. However, before investing, potential investors should assess any external risks and industry dynamics.
Revenue Growth:
- Revenue has grown consistently, from ₹1,969.25 lakh in FY22 to ₹3,958.62 lakh in FY24, showing a solid upward trend.
Profitability:
- Profit after tax increased from ₹117.57 lakh in FY22 to ₹673.06 lakh in FY24, representing robust profit growth. Diluted EPS also surged from ₹1.69 to ₹10.07, indicating a strong earnings expansion.
Return on Net Worth (RoNW):
- RoNW improved significantly, rising from 25.88% to 47.43%, showcasing the company’s growing efficiency in generating returns from its equity base.
Debt Management:
- The debt-equity ratio decreased from 1.56 in FY22 to 0.54 in FY24, reflecting reduced financial leverage and lower dependence on debt, strengthening financial sustainability.
Liquidity Position:
- The current ratio has slightly declined from 2.97 to 2.26, but it remains above 2, indicating that the company maintains a comfortable level of liquidity to meet short-term obligations.
Net Asset Value (NAV):
- NAV per share increased from ₹6.52 in FY22 to ₹21.22 in FY24, signaling consistent growth in shareholders’ equity.
WOL 3D India Limited IPO Financial Analysis
Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
Revenue (₹ in lakh) | 1,969.25 | 2,331.11 | 3,958.62 |
Equity (₹ in lakh) | 326.25 | 566.80 | 1,061.22 |
Expenses (₹ in lakh) | 1,919.46 | 2,031.07 | 3,328.36 |
Profit and Loss After Tax (₹ in lakh) | 117.57 | 340.25 | 673.06 |
RoNW (%) | 25.88 | 42.44 | 47.43 |
NAV per Equity Share (₹) | 6.52 | 11.34 | 21.22 |
Diluted EPS only (₹) | 1.69 | 4.81 | 10.07 |
Total Assets (in lakhs) | 1,002.62 | 1,390.88 | 2,456.27 |
Total Liabilities (in lakhs) | 676.37 | 824.08 | 1,395.05 |
Debt Equity Ratio | 1.56 | 1.20 | 0.54 |
Current Ratio (in time) | 2.97 | 2.78 | 2.26 |
WOL 3D IPO Peer Comparison
There are no listed companies in India that are engaged in a business similar to that of the company. So it is not possible to provide an industry comparison in relation to the company.
WOL 3D India IPO Objective
The main objective of WOL 3D’s IPO is to allocate INR 3 crores to repay borrowings, INR 14.50 crores for working capital needs in FY 2025, and the remaining proceeds for general corporate purposes like acquisitions, marketing, and brand building.
- To repay the borrowings: The company proposes to utilise an estimated amount of INR 3 crores from the Net Proceeds to repay in part or full certain borrowings.
- To fund the working capital requirement: The company proposes to utilize INR 14.50 crores of the Net Proceeds in Fiscal 2025 towards the Company’s working capital requirements.
- General Corporate Purposes: The company plans to use the net proceeds for general corporate purposes, including strategic initiatives and acquisitions, enhancing marketing and distribution, brand building, and addressing any other emerging needs.
WOL 3D IPO Risks And Challenges
WOL 3D’s risk includes a dependency on limited-term authorizations for distributing international 3D printer brands, which, if terminated or unfavorably renewed, could impact operations. Additionally, import restrictions, rising shipment costs, and industry disruptions may affect performance.
- The company is an authorized distributor 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, the operations may be adversely affected.
- Restrictions on import and an increase in shipment cost may adversely impact the business, cash flows, and results of operations.
- The markets in which the company competes are characterized by consumers and their rapidly changing preferences and advancement in technology, and therefore, as a result, the Company may be affected by any disruptions in the industry.
WOL 3D India IPO – Industry & Market Potential
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 large-scale 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 the 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.
WOL 3D IPO – Type of Offer
WOL 3D plans a fresh issue of shares, seeking INR 21.78 crores to fund working capital requirements, repay the borrowings and general corporate purposes. Additionally, the company proposes an offer for sale, intending to sell 2,52,000 existing shares.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 21.78 crores. The company intends to utilize the proceeds from the fresh issue to fund working capital requirements, repay the borrowings, and general corporate purposes.
- Offer for sale: WOL 3D is offering to sell 2,52,000 existing shares for INR 3.78 crores. The following are the details of the existing shareholders who are also the promoters selling the shares:
Name of the promoter selling shareholder | Maximum number of offered shares for sale |
Rahul Virendra Chandalia | 70,000 |
Saloni Rahul Chandalia | 1,00,000 |
Pradeep Shripal Jain | 47,000 |
Swati Pradeep Jain | 35,000 |
WOL 3D India Limited IPO Offer Size
The offer size is INR 25.56 crores, comprising a fresh issue of 14,52,000 shares worth INR 21.78 crores and an offer for sale of 2,52,000 shares worth INR 3.78 crores. WOL 3D intends to use the proceeds for working capital, debt repayment, and general corporate purposes.
WOL 3D IPO Allotment Structure
WOL 3D Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 88,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 88,000 shares, are reserved for market makers.
Read more about WOL 3D IPO Allotment Status
How to apply for the WOL 3D India Limited IPO?
To apply for the WOL 3D Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the WOL 3D Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the WOL 3D Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more about WOL 3D IPO Day 1 Subscription
How do you check WOL 3D IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the WOL 3D Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the WOL 3D Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the WOL 3D Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the WOL 3D Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
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WOL 3D India IPO Offer Registrar
The registrar for the WOL 3D Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400093, India.
Telephone: +91 22 6263 8200
Email: [email protected]
Read more about WOL 3D IPO Day 3 Subscription
WOL 3D IPO – FAQs
The allotment date of the WOL 3D Limited IPO is September 26, 2024.
The price band of WOL 3D Limited IPO is INR 142-150 per share.
The offer size is INR 25.56 crores, comprising a fresh issue of 14,52,000 shares worth INR 21.78 crores and an offer for sale of 2,52,000 shares worth INR 3.78 crores. WOL 3D intends to use the proceeds for working capital, debt repayment, and general corporate purposes.
The listing date of WOL 3D Limited’s IPO is September 30, 2024.