WOL 3D India's IPO to hit the market on Sept 30

WOL 3D India Limited, a leader in 3D printing solutions since 1988, is set to launch its SME IPO on the NSE platform, aiming to raise ₹25.56 crore by issuing 17.04 lakh new shares at a price range of ₹142 to ₹150 per share.

The IPO subscription will run from September 23-25, 2024, with the expected listing on September 30. Allocation is divided between Qualified Institutional Buyers (50%), retail investors (35%), and Non-Institutional Investors (15%).

Retail investors must invest a minimum of ₹1.5 lakh for 1,000 shares, while High Net Worth Individuals (HNIs) need to bid for 2,000 shares. WOL 3D India, specializing in 3D filaments and prototyping services, has seen impressive growth with a 70% increase in revenue and a 109% rise in profit after tax from FY 2023 to FY 2024.

The company operates through branch offices in Delhi, Hyderabad, Bangalore, and Mumbai, as well as franchise offices, distributing its products via experience centres and e-commerce platforms.

Funds from the IPO will be used to repay borrowings, fulfill working capital needs, and general corporate purposes. Hem Securities is the lead manager, with Bigshare Services as the registrar and Hem Finlease as the market maker.

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