WOL 3D India listing: Shares of 3D printing solutions provider WOL 3D India got listed at a premium of 20 premium at ₹180.05, against the issue price of ₹150, and rose further to hit their 5 per cent upper price band of ₹189.05 apiece.
The initial public offering (IPO) of WOL 3D India opened for subscription on Monday, September 23, and concluded on Wednesday, September 25. The SME IPO combined a fresh issue of 14.52 lakh share shares and an offer for sale (OFS) of 2.52 lakh shares.
The company aimed to raise ₹25.56 crore from the issue, with ₹21.78 crore from the fresh issue of shares, which it will use to pay borrowings and meet working capital requirements.
The issue witnessed an overall subscription of nearly 374 times, with the retail portion subscribed over 368 times and the segment reserved for non-institutional buyers subscribed nearly 749 times.
The company provides 3D printing solutions in various sectors. Its profit after tax (PAT) has seen a significant jump in the last two financial years. For FY22, FY23 and FY24, the company’s PAT stood at ₹84.42 lakh, ₹2.41 crore and ₹5 crore, respectively.
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