WOL 3D India IPO Listing Details

WOL 3D India Limited, a provider of 3D printing solutions and related products, made a strong debut on the Indian stock market on Monday, 30th September 2024, with its shares listing at a significant premium to the issue price on the National Stock Exchange (NSE) SME platform.

Listing Details

• Listing Price: WOL 3D India shares were listed at ₹180.05 per share on the NSE SME platform, marking a strong start to its journey as a publicly traded company.
• Comparison to Issue Price: The listing price represents a substantial premium over the IPO issue price. WOL 3D India had set its IPO price band from ₹142 to ₹150 per share, with the final issue price being fixed at the upper end of ₹150.
• Percentage Change: The listing price of ₹180.05 on the NSE SME translates to a premium of 20% over the issue price of ₹150.

First-Day Trading Performance

• Opening vs. Latest Price: Following its strong opening, WOL 3D India's share price continued to rise. By 10:41 AM, the stock was trading at ₹189, up 4.97% from its opening price and 26% above the issue price, hitting the upper circuit for the day.
• Market Capitalisation: As of 10:41 AM, the company's market capitalisation stood at ₹121.94 crore.
• Trading Volume: The traded volume was 6.72 lakh shares with a traded value of ₹12.07 crore, indicating significant investor interest on the first day of listing.

Market Sentiment and Analysis

• Market Reaction: The market reacted overwhelmingly positively to WOL 3D India's listing. The strong listing premium and hitting the upper circuit indicate robust demand and investor confidence in the company's prospects.
• Subscription Rate: The IPO was massively oversubscribed by 373.86 times, with NIIs leading at 748.81 times, followed by retail investors at 368.47 times, and QIBs at 101.24 times.
• Price Band: The stock hit its upper circuit of ₹189.05 (5% above the opening price) during morning trading.

Growth Drivers and Challenges

Expected drivers of future performance:

• Established brand in the 3D printing solutions market in India
• Diverse product portfolio, including hardware, consumables, and services
• Strong after-sales network and customer support
• In-house filament manufacturing capability
• Presence on major e-commerce platforms and retail chains

Potential challenges:

• Highly competitive and rapidly evolving 3D printing technology sector
• Sustainability concerns over recent profit growth
• Dependence on imported components for some products

Utilisation of IPO Proceeds

WOL 3D India plans to use the funds for:

• Repayment of outstanding borrowings
• Meeting working capital requirements
• General corporate purposes

Financial Performance

The company has demonstrated significant growth:

• Revenue increased by 69% to ₹4,001.43 lakh in FY2024 from ₹2,371.32 lakh in FY2023
• Profit After Tax (PAT) rose by 109% to ₹503.3 lakh in FY2024 from ₹240.56 lakh in FY2023

As WOL 3D India begins its journey as a listed entity, market participants will closely monitor its ability to leverage its position in the growing 3D printing solutions market and expand its product offerings to drive future growth and shareholder value. The stellar listing and overwhelming subscription rates suggest extremely positive market sentiment towards the company's prospects in the specialised 3D printing technology sector.