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CWD IPO is a fixed price issue of ₹18.01 crores. The issue is a combination of fresh issue of 0.09 crore shares aggregating to ₹15.31 crores and offer for sale of 0.02 crore shares aggregating to ₹2.70 crores.
CWD IPO bidding started from Sep 30, 2021 and ended on Oct 5, 2021. The allotment for CWD IPO was finalized on Oct 8, 2021. The shares got listed on BSE SME on Oct 13, 2021.
CWD IPO price is ₹180.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,88,000.
Aryaman Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
| IPO Date | September 30, 2021 to October 5, 2021 |
| Listing Date | October 13, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 10,00,800 shares (aggregating up to ₹18.01 Cr) |
| Reserved for Market Maker | 50,400 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.9072 Cr) |
| Fresh Issue (Ex Market Maker) | 8,00,400 shares (aggregating up to ₹14.41 Cr) |
| Offer for Sale | 1,50,000 shares of ₹10 (aggregating up to ₹2.70 Cr) |
| Net Offered to Public | 9,50,400 shares (aggregating up to ₹17.11 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 27,60,600 shares |
| Share Holding Post Issue | 36,11,400 shares |
CWD Limited IPO offers total 10,00,800 shares. Out of which 4,75,200 (47.48%) allocated to NII, 4,75,200 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 50,400 (5.04%) |
| NII (HNI) Shares Offered | 4,75,200 (47.48%) |
| Retail Shares Offered | 4,75,200 (47.48%) |
| Total Shares Offered | 10,00,800 (100.00%) |
CWD IPO opens on September 30, 2021, and closes on October 5, 2021.
| IPO Open Date | Thu, Sep 30, 2021 |
| IPO Close Date | Tue, Oct 5, 2021 |
| Tentative Allotment | Fri, Oct 8, 2021 |
| Initiation of Refunds | Mon, Oct 11, 2021 |
| Credit of Shares to Demat | Tue, Oct 12, 2021 |
| Tentative Listing Date | Wed, Oct 13, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 5, 2021 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
| HNI (Min) | 2 | 1,600 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
CWD is an Information and Communication Technology (ICT) based company that designs, develops, manufactures, and sells integrated solutions. CWD developed products are focused on wireless technologies either on short-range radio technology like NFC, Bluetooth BLE, WiFi, Zigbee; mid-range systems like LORA or long-range communication systems like 5G LTE, NB-IOT, LTE CAT. Its offerings can be majorly divided into - Smart Connectivity Modules, Connected Products, Electronics Design, Product Design, and Software Design. CWD is an end-to-end integrated solution provider and original equipment manufacturers with capabilities ranging from global sourcing, manufacturing, quality testing, packaging, and logistics. The company has a strong focus on R&D and the company’s manufactured products are sold globally to customers who in turn distribute these products under their own brand.
The company has 3 subsidiaries namely CWD Manufacturing Pvt. Ltd., and Global Private Limited SDG in Mumbai, and CWD Innovations HK Limited in Hong Kong.
Competitive strengths
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||||
| Total Assets | 77.55 | 42.27 | |||
| Total Revenue | 34.12 | 30.29 | |||
| Profit After Tax | 14.16 | 5.14 | |||
The Company CWD IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Security Deposit towards acquisition of Registered Office on a long term lease basis | 2.00 |
| 2 | Funding Working Capital requirements | 9.30 |
| 3 | General Corporate Purpose | 3.54 |
[Dilip Davda] The company is in the field of IT services for connected wireless devices. Its financial data is not in line with its asking price. The issue is aggressively priced based on FY21 consolidated earnings. Small equity base post IPO indicates the longer duration for migration to the mainboard. Investors may skip this highly-priced issue that is asking fancy market cap valuations. Read detail review...
| Listing Date | October 13, 2021 |
| BSE Script Code | 543378 |
| NSE Symbol | |
| ISIN | INE0H8H01019 |
| Final Issue Price | ₹180 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹180.90 |
| Low | ₹180.15 |
| High | ₹189.00 |
| Last Trade | ₹180.60 |
CWD Ltd.
101, 1st Floor,
Plot No. 439, Hasham Premji Building,
Kalbadevi Road,
Mumbai, Maharashtra, 400002
Phone: +91 - 90290 25141
Email: compliance@cwdin.com
Website: http://www.cwdin.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: cwdin.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
CWD IPO is a SME IPO of 10,00,800 equity shares of the face value of ₹10 aggregating up to ₹18.01 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on September 30, 2021, and closes on October 5, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in CWD IPO using UPI as a payment gateway. Zerodha customers can apply in CWD IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CWD IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CWD IPO opens on September 30, 2021 and closes on October 5, 2021.
CWD IPO lot size is 800, and the minimum amount required for application is ₹1,44,000.
You can apply in CWD IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for CWD IPO will be done on Friday, October 8, 2021, and the allotted shares will be credited to your demat account by Tuesday, October 12, 2021. Check the CWD IPO allotment status.
The CWD IPO listing date is on Wednesday, October 13, 2021.
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