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Wonder Fibromats IPO is a fixed price issue of ₹19.79 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹19.79 crore.
Wonder Fibromats IPO bidding started from Jul 22, 2019 and ended on Jul 29, 2019. The allotment for Wonder Fibromats IPO was finalized on Jul 29, 2019. The shares got listed on NSE SME on Aug 6, 2019.
Wonder Fibromats IPO price is ₹89.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,42,400 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,84,800.
Navigant Corporate Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Bhaijee Portfolio Pvt.Ltd..
Refer to Wonder Fibromats IPO RHP for detailed Information.
| IPO Date | July 22, 2019 to July 29, 2019 |
| Listing Date | August 6, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹89 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,24,000 shares (aggregating up to ₹19.79 Cr) |
| Reserved for Market Maker | 1,12,000 shares Bhaijee Portfolio Pvt.Ltd. (aggregating up to ₹0.9968 Cr) |
| Net Offered to Public | 21,12,000 shares (aggregating up to ₹18.80 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 76,00,000 shares |
| Share Holding Post Issue | 83,75,500 shares |
Wonder Fibromats IPO offers total 22,24,000 shares. Out of which 10,56,000 (47.48%) allocated to NII, 10,56,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,12,000 (5.04%) |
| NII (HNI) Shares Offered | 10,56,000 (47.48%) |
| Retail Shares Offered | 10,56,000 (47.48%) |
| Total Shares Offered | 22,24,000 (100.00%) |
Wonder Fibromats IPO opens on July 22, 2019, and closes on July 29, 2019.
| IPO Open Date | Mon, Jul 22, 2019 |
| IPO Close Date | Mon, Jul 29, 2019 |
| Tentative Allotment | Mon, Jul 29, 2019 |
| Initiation of Refunds | Tue, Jul 30, 2019 |
| Credit of Shares to Demat | Wed, Jul 31, 2019 |
| Tentative Listing Date | Tue, Aug 6, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 29, 2019 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,42,400 |
| Retail (Max) | 1 | 1,600 | ₹1,42,400 |
| HNI (Min) | 2 | 3,200 | ₹2,84,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in October 2009, Delhi based Wonder Fibromats Limited is engaged in manufacturing, supplying, designing of motors, home appliances, energy-efficient fans and allied equipment. The company manufactures and supplies products to many well-known companies to distribute under their brand name. It also has an in-house quality management lab and professional R&D team to maintain quality and market requirements. Under the supervision of the quality check (QC) department, a client-satisfaction cell reviews the clients' complaints.
The main business of Wonder Fibromats is to manufacture exhaust, ceiling, pedestal and brushless DC (BLDC) fans in different attractive patterns, color and designs.
Some of the products of the company also qualify for the quality standards of the Bureau of Indian Standards.
Currently, the company has a manufacturing facility located at Raipur Industrial Area, Uttarakhand. It is also setting up a new manufacturing plant with the aim of 24,00,000 fans per annum production capacity in Hyderabad.
The competitive strengths of the company are:
1. Strong relationships with the customer base.
2. Quality assurance
3. Dedicated research and development team
4. Backward integration
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 13,038.37 | 12,588.64 | 6,675.75 | |
| Total Revenue | 30,663.90 | 29,371.22 | 16,562.95 | |
| Profit After Tax | 613.84 | 797.30 | 509.16 | |
The Company Wonder Fibromats 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 | To finance the Expenditure towards Acquisition of Land, Site Development and Other Civil Work. | 4.40 |
| 2 | To Acquire the Plant & Machinery | 2.90 |
| 3 | To part finance the requirement of Incremental Working Capital | 9.00 |
| 4 | To meet General corporate purposes | 2.36 |
| 5 | To meet the expenses of the Issue | 1.36 |
[Dilip Davda] <strong>The issue appears fully priced. Its comparison with brand leaders is just an eyewash. Considering major concerns listed here above, there is no harm in giving this issue a miss. (Avoid)</strong> Read detail review...
| Listing Date | August 6, 2019 |
| BSE Script Code | |
| NSE Symbol | WEL |
| ISIN | INE02WG01016 |
| Final Issue Price | ₹89 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹89.00 |
| Open | ₹93.00 |
| Low | ₹89.00 |
| High | ₹93.00 |
| Last Trade | ₹89.05 |
Wonder Fibromats Ltd.
45,
Okhla Industrial Estate,
Phase-III,
New Delhi, New Delhi, 110020
Phone: 011 66058952
Email: info@wonderfibromats.com
Website: http://wonderfibromats.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Wonder Fibromats IPO is a SME IPO of 22,24,000 equity shares of the face value of ₹10 aggregating up to ₹19.79 Crores. The issue is priced at ₹89 per share. The minimum order quantity is 1600.
The IPO opens on July 22, 2019, and closes on July 29, 2019.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Wonder Fibromats IPO using UPI as a payment gateway. Zerodha customers can apply in Wonder Fibromats IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Wonder Fibromats IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Wonder Fibromats IPO opens on July 22, 2019 and closes on July 29, 2019.
Wonder Fibromats IPO lot size is 1600, and the minimum amount required for application is ₹1,42,400.
You can apply in Wonder Fibromats 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 Wonder Fibromats IPO will be done on Monday, July 29, 2019, and the allotted shares will be credited to your demat account by Wednesday, July 31, 2019. Check the Wonder Fibromats IPO allotment status.
The Wonder Fibromats IPO listing date is on Tuesday, August 6, 2019.
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