Fixed Price IPO | ₹18 Cr | Listed at BSE SME | Thu, Sep 30, 2021 - Tue, Oct 5, 2021
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 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) (based on upper price). The minimum lot size for investment in 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..
Refer to CWD IPO RHP for detailed Information.
IPO Open
Thu, Sep 30, 2021
IPO Close
Tue, Oct 5, 2021
Issue Price
₹180 per share
Market Cap (Pre-IPO)
₹65.01 Cr
| IPO Date | 30 Sep to 5 Oct, 2021 |
| Listed on | Wed, Oct 13, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,00,800 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 50,400 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.9072 Cr) |
| Fresh Issue (Ex Market Maker) | 8,00,400 shares (agg. up to ₹14 Cr) |
| Offer for Sale | 1,50,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 9,50,400 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 27,60,600 shares |
| Share Holding Post Issue | 36,11,400 shares |
| BSE Script Code | 543378 |
| ISIN | INE0H8H01019 |
CWD IPO comprises a total issue size of 10,00,800 shares. The net offer to the public is 9,50,400 shares, after excluding 50,400 shares allotted on a firm basis. Of the Net offer 4,75,200 (50.00%) allocated to NII 4,75,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,75,200 | 50.00% | 47.48% |
| Retail Shares Offered | 4,75,200 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 50,400 | 5.04% | |
| Total Shares Offered | 10,00,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The CWD Limited IPO is subscribed 1.31 times on October 5, 2021 6:52:00 AM (Day 5). The public issue subscribed 0.71 times in the retail category, [.] times in the QIB category, and 1.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.91 | 4,75,200 | 9,08,800 |
| Retail | 0.71 | 4,75,200 | 3,39,200 |
| Total | 1.31 | 9,50,400 | 12,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.39 |
| 2 | Brokerage and selling commission | 0.05 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹180.90 |
| Low | ₹180.15 |
| High | ₹189.00 |
| Last Trade | ₹180.60 |
Lead Manager Reports
CWD IPO is a SME IPO of 10,00,800 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on Thu, Sep 30, 2021, and closes on Tue, Oct 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 Thu, Sep 30, 2021 and closes on Tue, Oct 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 Tue, Oct 12, 2021. Check the CWD IPO allotment status.
The CWD IPO listing date is on Wed, Oct 13, 2021.
