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Wealth First Portfolio IPO is a fixed price issue of ₹8.42 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹8.42 crore.
Wealth First Portfolio IPO bidding started from Mar 10, 2016 and ended on Mar 18, 2016. The shares got listed on NSE SME on Mar 30, 2016.
Wealth First Portfolio IPO price is ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Innovate Securities Pvt.Ltd..
Refer to Wealth First Portfolio IPO RHP for detailed Information.
| IPO Date | March 10, 2016 to March 18, 2016 |
| Listing Date | March 30, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,83,000 shares (aggregating up to ₹8.42 Cr) |
| Reserved for Market Maker | 84,000 shares Innovate Securities Pvt.Ltd. (aggregating up to ₹0.4200 Cr) |
| Net Offered to Public | 15,99,000 shares (aggregating up to ₹8.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 47,10,000 shares |
| Share Holding Post Issue | 63,90,000 shares |
Wealth First NSE SME IPO offers total 16,80,000 shares. Out of which 7,98,000 (47.50%) allocated to NII, 7,98,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 84,000 (5.00%) |
| NII (HNI) Shares Offered | 7,98,000 (47.50%) |
| Retail Shares Offered | 7,98,000 (47.50%) |
| Total Shares Offered | 16,80,000 (100.00%) |
Wealth First Portfolio IPO opens on March 10, 2016, and closes on March 18, 2016.
| IPO Open Date | Thu, Mar 10, 2016 |
| IPO Close Date | Fri, Mar 18, 2016 |
| Tentative Listing Date | Wed, Mar 30, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 18, 2016 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Wealth First Portfolio Managers Ltd (WFPM) is a one-stop financial services provider for various types of financial products available in the Indian market. Its product portfolio provides the right mix of financial assets that suits financial goals in the short and long term depending on the client's perception and need. WFPM offers in-depth research for products that deliver compatible performance in terms of yield as well as makes sure that investments stay secure over the period, though the market risk is always there which is beyond the company's control.
The company offers various financial instruments according to risk appetite and holding period of clients that include Government Bonds & Securities, Direct Equity, Cash Management Services, Derivative products, Mutual Funds, Insurance products, Commodities, REITS and Market Making Services. It is registered with BSE Limited and National Stock Exchange of India Limited as its member. WFPM is also registered with CDSL as a Depositary Participant. The major part of its revenue comes from the sale & purchase of taxable & tax-free bonds and brokerages & commissions from the Mutual fund distribution business.
The Company Wealth First Portfolio 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 | Augmenting long term Working Capital for Bond market operations | 5.50 |
| 2 | Technology Upgrade | 1.00 |
| 3 | Expansion of our domestic operations for mutual fund distribution business | 0.50 |
| 4 | Issue Related Expenditure | 0.50 |
| 5 | General Corporate Purpose | 0.90 |
[Dilip Davda] <p>As Mutual Fund distribution segment is controlled by SEBI with stricter norms and the stock market is in bad shape, one may give this issue a miss being aggressively priced.</p> Read detail review...
| Listing Date | March 30, 2016 |
| BSE Script Code | |
| NSE Symbol | WEALTH |
| ISIN | INE658T01017 |
| Final Issue Price | ₹50 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹52.00 |
| Low | ₹45.00 |
| High | ₹52.00 |
| Last Trade | ₹51.50 |
Wealth First Portfolio Managers Ltd.
Capitol House, 10 Paras-II,
Near Campus Cornor, Prahalad Nagar,
Anand Nagar,
Ahmedabad, Gujarat, 380051
Phone: 07940240000
Website: http://www.wealth-firstonline.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Wealth First Portfolio IPO is a SME IPO of 16,83,000 equity shares of the face value of ₹10 aggregating up to ₹8.42 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on March 10, 2016, and closes on March 18, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Wealth First Portfolio IPO using UPI as a payment gateway. Zerodha customers can apply in Wealth First Portfolio IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Wealth First Portfolio IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Wealth First Portfolio IPO opens on March 10, 2016 and closes on March 18, 2016.
Wealth First Portfolio IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Wealth First Portfolio 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 Wealth First Portfolio IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Wealth First Portfolio IPO allotment status.
The Wealth First Portfolio IPO listing date is on Wednesday, March 30, 2016.
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