WOL 3D India shares debuted on September 30 at Rs 180, 20% above the issue price of Rs 150, but below grey market expectations, where shares traded at a 45% premium before the official listing.
The Rs 22.5 crore public offer saw strong demand, subscribed 374 times overall. Non-institutional investors led with 749 times their reserved portion, while retail investors subscribed 368 times their quota. Qualified institutional buyers took up 101 times their allocation.
WOL 3D specializes in 3D printing solutions that facilitate prototyping across various sectors, including manufacturing, education, and healthcare. The company aims to connect creativity with manufacturing through high-quality, cost-effective offerings, including hardware like 3D printers and scanners, consumables like filaments and resins, and prototyping services. WOL 3D operates branch offices in Delhi, Hyderabad, Bangalore, and Mumbai, with franchises in Pune and other cities.
The objective of this IPO is to raise funds for growth initiatives, including business expansion, working capital needs, and debt repayment. It also provides an opportunity for existing shareholders to partially exit through the offer for sale component.