WOL 3D IPO: Review, Valuation, Date & GMP

WOL 3D IPO-Complete Overview

WOL 3D IPO an SME IPO is a book-built issue of Rs.25.56 crore by WOL 3D Limited which was founded in November 1988 and offers 3D printing technologies that facilitate quicker prototyping and finding applications in a variety of fields, including education, engineering, manufacturing, architecture, interior design, fashion design, product design, medicine, and dentistry.

The company's product line consists:

• Hardware such as laser cutters, 3D pens, 3D printers, and 3D scanners

• Supplies such as 3D resins, 3D filaments

• 3D prototyping services

• Other services.

The company uses PLA and ABS plastics to make 3D filaments for additive manufacturing. It provides prototyping services using FDM, SLA, and SLS technologies, along with CAD/CAM modeling, reverse engineering, and vacuum casting. It offers a variety of products at different pricing points.

The company operates five franchise offices in Pune, Chennai, Coimbatore, Rajkot, and Nagercoil in addition to four branch offices in Delhi, Hyderabad, Bangalore, and Mumbai. The company's Bhiwandi, Maharashtra, production plant is certified by ISO 9001:2015, ROHS, CE, and BIS and specializes in creating filaments for 3D printing solutions.

The business sells its goods via retail chains like CROMA and Crosswords as well as online retailers like Flipkart India Private Limited, Jiomart, Firstcry, Indiamart, Snapdeal, Moglix, and Amazon Seller Services Private Limited.

This new SME IPO  is to be launched on 23 September 2024, and its ‘initial public offering’ will end on 25 September 2024.

 

 WOL 3D IPO Overview

The Rs.25.56 crore WOL 3D IPO is a combination of a fresh issue of 14.52 lac Shares (Rs.21.78 Cr) and an offer for sale (OFS) of 2.52 lac Shares (Rs.3.78 Cr.) This SME IPO date is from September 23-September 25, 2024. The expected IPO listing will take place on Monday, 30 September 2024, on NSE and SME. WOL 3D IPO price is Rs.142 to Rs.150 for each Share.

 

To open a demat account and apply for the IPO, Click Here.

 

Company Financial

The company’s revenue was increased by 69% and PAT grew by 109% during FYs ending 31 March 2024 and 31 March 2023.

(Amount in Lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Sales Breakdown During The Last Three Fiscals

(Amount in lac)

 

Product-wise Revenue Breakdown 

(Amount in lac)

 

Customer-wise Revenue Breakdown During The Last Three Fiscals

(Amount in lac)

 

 

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To fulfill working capital needs

• Repayment of borrowings in full or part.

• General corporate purposes.

 

Peers of WOL 3D Ltd.

 There are no listed companies in India engaged in the same business of comparable size.

 

Evaluation

The IPO price is Rs.142 to Rs.150 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.10.07 from the last year, the resulting P/E ratio is 14.9x.

Considering the weighted EPS of Rs.6.92 for the last three years, the P/E ratio is 21.68x.

Comparative Analysis With Listed Peers

No listed companies. So it is not possible to provide industry comparison.

 

 IPO's Strengths 

• An established ecosystem for 3D printing

• A vast, well-connected distribution network that operates in several cities and encompasses retail stores and online e-commerce sites

• A dedicated network for after-sales

• Capable of producing filaments for effective backward integration

• A constant emphasis on quality

• A management group and promoter with experience.

 

IPO’s Weaknesses

• Restricted geographic reach in comparison to international rivals

• Reliance on 3D printer imports for specific brands

• Quick technical progress in the 3D printing sector

• Possible international companies entering the Indian market

• Price fluctuations for raw materials used in the production of filaments.

 

WOL 3D IPO GMP Today

Its IPO GMP today is Rs.0 as of 20 September 2024. With a price band of Rs.150, WOL 3D's estimated IPO listing price is Rs.150 at the time of writing this information.

IPO Timetable (Tentative)

The IPO date is from September 23 to September 25, 2024, with allotment on September 26, refund initiation on September 27, and listing on September 30, 2024.

 

WOL 3D IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on September 23, 2024, close on September 25, 2024, and offer a total issue size of 1,704,000 Shares (Rs.25.56 Cr).

WOL 3D IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1000 Shares) amounting to Rs.1,50,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2000 Shares) amounting to Rs.3,00,000.

 

WOL 3D IPO Reservation (% of Net Issue)

 

 

Promoters And Management of WOL 3D Ltd.

• Rahul Virendra Chandalia

• Saloni Rahul Chandalia

• Pradeep Shripal Jain

• Swati Pradeep Jain.

 

IPO Lead Managers

• Hem Securities Limited.

Dividend Policy

The company has not paid dividends in the last three financial years.

Conclusion

WOL 3D Ltd. has experienced negative cash flow in operating, financing, and investing activities in the last fiscal years. The company's business is to offer 3D printing solutions and associated hardware and products. For the given periods, it showed an increase in both its top and bottom lines. The company is launching an IPO for the general public to achieve its goals. Hope this blog helped you with the information you were seeking.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer:  The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.

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