WOL 3D India, a company that provides 3D printing solutions, has launched its initial public offering (IPO) on the National Stock Exchange’s SME platform. The IPO opened for subscription on September 23 and will remain open until September 25. The company aims to raise ₹25.56 crore through this IPO, which includes a fresh issue of shares and an offer for sale from existing shareholders.
The IPO has received an enthusiastic response from investors. The issue was fully subscribed, indicating strong interest from both retail and non-institutional buyers. The overall subscription reached 4.57 times, with the retail portion particularly popular, getting subscribed 8.20 times, while the segment for non-institutional buyers was subscribed 2.21 times. However, there was no subscription from qualified institutional buyers at that time.
The gray market premium (GMP) for WOL 3D India’s IPO stood at ₹65. This means that investors are willing to pay ₹65 more than the issue price for each share. Given that the upper price band for the IPO is set at ₹150, the shares are expected to list at around ₹215, reflecting a potential premium of over 43%.
The price band for WOL 3D India’s IPO is fixed between ₹142 and ₹150 per share. The company will issue a total of 14.52 lakh shares, which includes a fresh issue of 12.18 lakh shares and an offer for sale of 2.52 lakh shares by existing shareholders. This means that a lot in the IPO consists of 1,000 shares, making it accessible for a wider range of investors.
The share allotment for the IPO is expected to be finalized on September 26. Investors who are successful in their bids can expect the shares to be credited to their demat accounts by September 27. Those who do not receive shares will likely receive refunds on the same day. The listing of WOL 3D India on the NSE SME is scheduled for September 30, and many are eagerly awaiting this event.
WOL 3D India focuses on providing innovative additive manufacturing solutions, including 3D printing services, 3D scanning, and engineering consulting. The company has developed its own software and hardware for 3D printing, which sets it apart in a rapidly growing market.
However, it’s essential for investors to conduct thorough research before making any investment decisions. As the IPO progresses, it will be interesting to see how investor sentiment evolves and what the final listing price will be.
