Unlocking the Potential of WOL 3D India Limited IPO: A Comprehensive Review

Table of Contents

Introduction to WOL 3D India Limited IPO

The WOL 3D India Limited IPO presents an exciting opportunity to invest in the rapidly evolving 3D printing industry. As a key player driving technological advancements in manufacturing, design, and education, WOL 3D’s IPO offers investors a chance to be part of the future of innovation. The IPO is scheduled for subscription from September 23 to September 25, 2024, and promises to be a significant event in the Indian stock market.

Check details of WOL3D India Limited Company.

IPO Details and Key Dates

Issue Dates: The IPO opens on September 23, 2024, and closes on September 25, 2024.
Price Band: The price is set between ₹142 to ₹150 per share, attracting a wide range of investors.
Market Lot Size: Investors can apply for a minimum of 1,000 shares, which amounts to ₹150,000 at the upper price band.
Listing Date: The listing is expected on September 30, 2024, on the NSE SME platform.

Based on the information available up to September 22, 2024, here’s a tabular form with details about WOL 3D India Limited’s IPO:

Detail	Information
IPO Open Date	September 23, 2024
IPO Close Date	September 25, 2024
Price Band	₹142 – ₹150 per share
Issue Size	₹25.56 Crores
Fresh Issue	1,452,000 shares
Offer for Sale	252,000 shares
Face Value	₹10 per share
Market Lot Size	1,000 shares
Retail Quota	35%
QIB Quota	50%
HNI/NII Quota	15%
Allotment Date	September 26, 2024
Listing Date	September 30, 2024
Lead Manager	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd
Stock Exchange Listing	SME platform of NSE
Purpose of Issue	– Working capital
	– Capital expenditure
	– Repayment of borrowings
	– General corporate purposes
Minimum Investment	₹150,000 for 1,000 shares

This table summarizes key information about the WOL 3D India Limited IPO, based on the latest available data. However, for the most current details especially regarding quotas, GMP, and exact subscription rates, one should refer to the latest updates or financial news portals closer to the IPO dates.

Company Background: Pioneering 3D Printing in India

WOL 3D India Limited, established in 1988, is a leading provider of 3D printing solutions, offering a wide range of products, including 3D printers, filaments, and prototyping services. The company caters to a variety of industries, including manufacturing, medical, and education. With over 50,000 customers and a presence in 14+ cities across India, WOL 3D has established itself as a key player in the country’s growing 3D printing market.

Financial Performance and Growth

WOL 3D India Limited has shown remarkable financial growth, with a 70% increase in revenue and a 109% rise in profit after tax from FY23 to FY24. This strong performance highlights the company’s operational efficiency and growing acceptance in the market, making the WOL 3D IPO an attractive investment option for those looking to capitalize on high-growth industries.

WOL 3D India Limited, a key player in the 3D printing industry, has demonstrated remarkable financial growth over the last few years. The company’s financials for the period ending on March 31, 2024, reflect significant improvements in both revenue and profit. Below is an analysis of the company’s financial performance over the past four fiscal years.

Revenue Growth

WOL 3D India Limited witnessed a substantial increase in revenue between March 31, 2023, and March 31, 2024. The revenue grew by 69%, rising from ₹2,371.32 lakhs in 2023 to ₹4,001.43 lakhs in 2024. This significant growth indicates the company’s expanding market presence and its ability to capitalize on the growing demand for 3D printing technology in India.

Revenue Progression (₹ in Lakhs):
FY 2024: ₹4,001.43
FY 2023: ₹2,371.32
FY 2022: ₹2,037.03
FY 2021: ₹1,683.9

Profit After Tax (PAT)

The company also reported a sharp increase in its profit after tax (PAT). In FY 2024, the PAT surged by 109%, reaching ₹503.3 lakhs, compared to ₹240.56 lakhs in FY 2023. This jump reflects improved operational efficiency, cost management, and possibly an enhanced product mix driving higher margins.

PAT Progression (₹ in Lakhs):
FY 2024: ₹503.3
FY 2023: ₹240.56
FY 2022: ₹84.42
FY 2021: ₹88.03

Assets

WOL 3D India Limited’s total assets have grown steadily, indicating ongoing investments in infrastructure, technology, and expansion. By March 31, 2024, the company’s total assets reached ₹2,456.27 lakhs, a significant increase from ₹1,390.88 lakhs in the previous fiscal year.

Total Assets (₹ in Lakhs):
FY 2024: ₹2,456.27
FY 2023: ₹1,390.88
FY 2022: ₹1,002.62
FY 2021: ₹671.94

Net Worth

The company’s net worth more than doubled between 2023 and 2024, growing from ₹566.8 lakhs to ₹1,061.22 lakhs. This reflects the company’s ability to retain earnings and reinvest in its business, strengthening its financial position.

Net Worth (₹ in Lakhs):
FY 2024: ₹1,061.22
FY 2023: ₹566.8
FY 2022: ₹326.25
FY 2021: ₹241.83

Reserves and Surplus

WOL 3D India Limited’s reserves and surplus grew sharply, jumping from ₹266.8 lakhs in FY 2023 to ₹761.22 lakhs in FY 2024. This indicates a strong accumulation of retained profits, which provides a buffer for future growth or unexpected challenges.

Reserves and Surplus (₹ in Lakhs):
FY 2024: ₹761.22
FY 2023: ₹266.8
FY 2022: ₹226.25
FY 2021: ₹141.83

Borrowings

Although the company’s borrowings decreased slightly in FY 2024, from ₹678.98 lakhs in FY 2023 to ₹572.6 lakhs, it still maintains a considerable amount of debt. The reduction in borrowing could signal an effort to improve the company’s balance sheet and reduce leverage.

Total Borrowings (₹ in Lakhs):
FY 2024: ₹572.6
FY 2023: ₹678.98
FY 2022: ₹509.78
FY 2021: ₹336.75

WOL 3D India Limited has shown exceptional financial growth over the past four years, particularly in revenue and profit after tax. The company’s increasing assets and reserves, coupled with reduced borrowings, indicate strong financial health and suggest that it is well-positioned for continued growth in the rapidly expanding 3D printing sector. As WOL 3D continues to innovate and expand its market reach, it is likely to maintain this upward trajectory in the coming years.

Market Analysis: 3D Printing Industry

The global 3D printing market is expanding rapidly, with applications extending beyond prototyping to direct manufacturing, medical models, and even food production. WOL 3D India Limited is well-positioned to tap into this growing market with its focus on making 3D printing more accessible and affordable for industries, educational institutions, and small businesses in India. This strategic focus on affordability could give WOL 3D a competitive edge over global giants like 3D Systems and Stratasys.

IPO Analysis: Subscription, GMP, and Risks

Here’s the updated information for today, September 25, 2024, regarding WOL 3D India Limited IPO:
WOL 3D India Limited IPO Update (September 25, 2024)
Grey Market Premium (GMP): The GMP has seen a further adjustment, now standing at ₹70 per share, which suggests a 46.67% premium over the issue price. This movement might indicate a growing confidence in WOL 3D’s market prospects, though still within a speculative context.
Subscription Status:
- Overall Subscription: The IPO has now been subscribed over 110 times, reflecting an extraordinary investor demand across all categories.
- Retail Investors: Subscription in this category has climbed to an astonishing 105 times, showcasing strong retail investor interest potentially fueled by the company’s innovative niche in 3D printing.
- Non-Institutional Investors (NII): This segment’s subscription has surged to 72.15 times, indicating a wide investor appeal beyond retail.
- Qualified Institutional Buyers (QIB): Subscription here has increased to 4.25 times, further solidifying institutional backing or interest in WOL 3D’s business model.
IPO Details:
- Price Band: Remains at ₹142 to ₹150 per share, with the market leaning towards the higher end due to substantial subscription and GMP trends.
Market Sentiment and Analysis:
- Subscription and GMP: The adjustment in GMP alongside the high subscription rates suggests investors are not only betting on current valuations but also on future growth in the 3D printing sector.
- Industry Outlook: WOL 3D’s strategic focus on 3D printing, with applications in diverse fields, likely underpins the positive sentiment, driven by technological advancements and increasing market acceptance.
Investment Considerations:
- High Retail and Market Interest: This signifies strong demand and potential for significant listing gains, but also hints at the risk of overvaluation or unmet expectations.
- Modest GMP Increase: The slight rise in GMP might reflect cautious optimism, suggesting the market believes in WOL 3D’s intrinsic value without necessitating a speculative bubble.
- Broader Market Conditions: Investors should consider how general market trends, particularly in technology and manufacturing, could influence WOL 3D’s post-listing performance.
Given these updates, there’s evident strong interest in WOL 3D India Limited’s IPO, driven by its niche market focus and the broader appeal of 3D printing technology. Investors are advised to weigh these factors against potential market risks for a comprehensive investment decision.

WOL 3D India Limited IPO EPS and PE Ratio

Based on the information available up to September 23, 2024, regarding WOL 3D India Limited’s IPO:

EPS (Earnings Per Share):
- Pre-Issue EPS: ₹10.07
- Post-Issue EPS: ₹7.80
PE Ratio:
- Pre-Issue PE Ratio: 14.89x
- Post-Issue PE Ratio: 19.23x

These figures are calculated based on the financial performance up to March 31, 2024, and the price band set for the IPO at ₹142 to ₹150 per share. The change in EPS and PE ratio from pre-issue to post-issue reflects the dilution effect due to the issuance of new shares during the IPO.

The PE ratio provides an insight into how the market values WOL 3D India Limited relative to its earnings, suggesting that investors are willing to pay approximately 19.23 times the earnings for each share post-IPO, which might be considered on the higher side depending on industry standards and growth expectations. This valuation could imply strong market expectations for future growth or other qualitative factors justifying this premium.

For potential investors, while these metrics offer a snapshot of valuation, a comprehensive investment decision should consider broader market conditions, the company’s business model, financial health, and future growth prospects.

Post-IPO Strategy

WOL 3D plans to use the funds raised through the IPO to expand its franchise model, enhance research and development (R&D), and strengthen its market presence across India. By investing in these key areas, WOL 3D aims to drive broader adoption of 3D printing technologies, which could result in long-term value for its shareholders.

Conclusion: Why Invest in WOL 3D India Limited IPO?

The WOL 3D India Limited IPO offers a unique opportunity to invest in the rapidly growing 3D printing industry. With a strong business model, proven financial performance, and strategic growth plans, WOL 3D stands out as a compelling investment option. Whether you’re a long-term investor looking to diversify into high-tech sectors or someone interested in capitalizing on emerging technologies, WOL 3D’s IPO is one to watch closely.

FAQs

What is the lot size for WOL 3D IPO? The lot size is 1,000 shares.
When is the listing date for WOL 3D IPO? The IPO is expected to list on September 30, 2024.
What are the risks associated with WOL 3D IPO? Risks include market competition, technology adoption challenges, and sector-specific volatility.

Disclaimer

Investing in IPOs involves risks, and this blog post is not intended as financial advice. It is important to conduct thorough research or consult with a financial advisor before making any investment decisions.