WOL 3D India IPO Subscription Status

WOL 3D's initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing dramatically over the three-day period. Starting strong on day one, the IPO witnessed a surge in demand, resulting in an impressive 94.80 times oversubscription by 11:01:59 AM on day three. This response underscores the strong market appetite for WOL 3D's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 23rd September 2024, has seen significant growth in investor participation across all categories. WOL 3D attracted bids for 10,73,09,000 equity shares amounting to ₹1,609.64 crore.

The Retail Investors segment, in particular, has shown overwhelming demand, followed by strong interest from Non-Institutional Investors (NII). The Qualified Institutional Buyers (QIB) have also shown solid participation.

Subscription Status of WOL 3D IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for WOL 3D IPO as of Day 3 (25th September 2024, 11:01:59 AM):

Total Applications: 75,580

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of WOL 3D is currently subscribed 94.80 times, with exceptional demand from Retail Investors.
• Retail investors have shown overwhelming interest, with a subscription ratio of 133.53 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 121.49 times.
• Qualified Institutional Buyers (QIB) have shown solid interest, with a subscription ratio of 6.83 times.
• The overall subscription trend increases significantly day-on-day, indicating high investor confidence and positive sentiment towards the issue.

WOL 3D IPO - Day 2 Subscription at 60.65 Times

Key Highlights:

• On Day 2, WOL 3D's IPO was subscribed 60.65 times, with strong demand from Retail Investors and NIIs.
• Retail investors showed significantly increased interest with a subscription ratio of 91.05 times.
• Non-Institutional Investors (NII) showed substantial interest with a subscription ratio of 65.23 times.
• Qualified Institutional Buyers (QIB) showed growing interest with a subscription ratio of 3.94 times.
• The overall subscription trend indicated building momentum, with all investor categories showing significant increased participation.

WOL 3D IPO - Day 1 Subscription at 17.11 Times

Key Highlights:

• The IPO of WOL 3D was subscribed 17.11 times on Day 1, with strong initial demand across all investor categories.
• Retail investors showed early strong interest with a subscription ratio of 27.91 times.
• Non-Institutional Investors (NII) showed significant initial interest with a subscription ratio of 11.95 times.
• Qualified Institutional Buyers (QIB) showed moderate initial interest with a subscription ratio of 2.07 times.
• The first-day response laid a strong foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About WOL 3D India Ltd:

WOL 3D India Limited, incorporated in November 1988, is a key player in India’s 3D printing solutions sector, serving diverse industries like manufacturing, education, architecture, and healthcare. The company offers a wide range of products including 3D printers, scanners, laser engravers, 3D pens, and consumables like filaments and resins. With its own manufacturing facility in Maharashtra, WOL 3D controls its supply chain by producing its own 3D filaments, enhancing its competitive edge. The company holds multiple quality certifications, including ISO 9001:2015 and CE, reflecting its commitment to high standards.

Geographically, WOL 3D operates through four branch offices and five franchise offices, ensuring a broad reach. Financially, the company has experienced significant growth, with revenue nearly doubling from ₹2,037.03 lakhs in FY22 to ₹4,001.43 lakhs in FY24, and Profit After Tax (PAT) increasing by 496% over the same period. WOL 3D aims to expand its market presence by enhancing its product portfolio, improving supply chain efficiency, and leveraging its network. The upcoming IPO will support further growth by helping repay borrowings, meet working capital needs, and fund corporate initiatives, positioning the company for future success in the rapidly growing 3D printing industry.

Read more about WOL 3D IPO

Highlights of the WOL 3D IPO:

• IPO Date: 23rd September 2024 to 25th September 2024
• Listing Date: 30th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹142 to ₹150 per share
• Lot Size: 1000 Shares
• Total Issue Size: 1,704,000 shares (aggregating up to ₹25.56 Cr)
• Fresh Issue: 1,452,000 shares (aggregating up to ₹21.78 Cr)
• Offer for Sale: 252,000 shares (aggregating up to ₹3.78 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Hem Finlease