WOL 3D India Limited, a leader in 3D printing solutions, is launching its Initial Public Offering (IPO) on September 23, 2024. The company aims to raise ₹25.56 crore through this public issue. The IPO will remain open for subscription till September 25, offering investors a chance to participate in the growing 3D printing industry.
IPO Details: Price Band and Share Distribution
The price band for the WOL 3D IPO has been set at ₹142-150 per share. Investors can apply for a minimum lot size of 1,000 shares, which means a minimum investment of ₹150,000 for retail participants. The company has reserved 35% of the IPO for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs).
Out of the total issue, 14.52 lakh fresh equity shares worth ₹21.78 crore will be issued. Additionally, 2.52 lakh shares valued at ₹3.78 crore will be sold through an Offer for Sale (OFS). The promoters, including Rahul Virendra Chandalia and Saloni Rahul Chandalia, are among the sellers in the OFS. The allotment of shares to successful investors is expected to take place on September 26, with the company’s shares likely to be listed on the NSE SME platform by September 30.
Strong Grey Market Sentiment
The grey market for WOL 3D India’s shares has shown positive signs ahead of the IPO. On September 22, the day before the issue opens, the shares were trading at a premium of ₹65 in the unlisted market. This implies that if the current trend continues, the shares could be listed at ₹215, offering investors a potential gain of over 43% from the upper price band of ₹150. However, it’s important to note that grey market conditions can change rapidly and may not always reflect actual listing performance.
WOL 3D India’s Business: A Leading Player in 3D Printing
WOL 3D India is a prominent name in the 3D printing industry, providing a wide range of 3D printing solutions. The company was founded in 1988 and has since expanded its product portfolio to include 3D printers, 3D scanners, laser engravers, and consumables like 3D filaments and resin. WOL 3D also offers 3D prototyping services, catering to a variety of industries.
The company focuses on delivering high-quality, cost-effective 3D printing solutions using advanced technology. It aims to make 3D printing more accessible to businesses and consumers in India. WOL 3D India’s cutting-edge products have helped position the company as a key player in the rapidly growing 3D printing market.
Financial Performance: Steady Growth in Revenue and Profit
WOL 3D India has shown strong financial growth in recent years. The company reported a revenue of ₹40.01 crore in 2024, a significant increase from ₹23.71 crore in 2023. Its net profit also grew from ₹2.41 crore in 2023 to ₹5.03 crore in 2024, reflecting its improving profitability and business expansion.
With the funds raised from the IPO, WOL 3D plans to further scale its operations and enhance its product offerings. The company’s strategy to stay at the forefront of technology while offering competitive prices positions it well for future growth.
Investment Considerations
For investors looking to invest in a technology-driven business with a promising future, WOL 3D India’s IPO presents an interesting opportunity. While the grey market premium offers an encouraging sign, investors should also carefully assess the company’s financials, business model, and the overall 3D printing industry’s potential before making their decisions.
