Upcoming SME IPO: WOL 3D India Gears Up for September 30 Listing – Check Issue Size, Price Band & Key Dates!

Upcoming SME IPO: WOL 3D India Limited, a company known for 3D printing solutions since 1988, is launching its initial public offering (IPO) on the NSE SME platform on September 30, 2024. The company plans to raise ₹25.56 crore by issuing 17.04 lakh new shares, with a price range of ₹142 to ₹150 per share.

Key Dates and Information:

• Subscription Period: September 23-25, 2024
• Expected Listing Date: September 30, 2024
• Share Allotment Date: September 26, 2024
• Demat Account Credit: September 27, 2024

The IPO allocates 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs). Retail investors need to invest at least ₹1.5 lakh for 1,000 shares, while High Net Worth Individuals (HNIs) must bid for at least 2,000 shares, amounting to ₹3 lakh at the upper price range.

About WOL 3D India

WOL 3D India specialises in 3D printing and serves industries like manufacturing, education, engineering, and healthcare. The company showed strong growth with a 70% revenue increase and a 109% profit jump between March 31, 2023, and March 31, 2024, according to official figures.

Market Presence

The company produces 3D printing materials using ABS and PLA plastics and provides prototyping services with FDM, SLA, and SLS technologies. They also offer CAD/CAM modelling, reverse engineering, and vacuum casting services.

WOL 3D India has four branch offices in Delhi, Hyderabad, Bangalore, and Mumbai, and five franchise offices in other cities. They distribute products through physical experience centres and online platforms.

The funds from the IPO will be used to repay debt, meet working capital needs, and for general corporate purposes.

Hem Securities Limited is the lead manager for the IPO, Bigshare Services is the registrar, and Hem Finlease is the market maker.