Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Mon, Jul 22, 2019 - Mon, Jul 29, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jul 22, 2019
IPO Close
Mon, Jul 29, 2019
Issue Price
₹89 per share
Market Cap (Pre-IPO)
₹74.54 Cr
| IPO Date | 22 to 29 Jul, 2019 |
| Listed on | Tue, Aug 6, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹89 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 22,24,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,12,000 shares Bhaijee Portfolio Pvt.Ltd. (agg. up to ₹0.9968 Cr) |
| Fresh Issue (Ex Market Maker) | 21,12,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 21,12,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 76,00,000 shares |
| Share Holding Post Issue | 83,75,500 shares |
| NSE Symbol | WEL |
| ISIN | INE02WG01016 |
Wonder Fibromats IPO comprises a total issue size of 22,24,000 shares. The net offer to the public is 21,12,000 shares, after excluding 1,12,000 shares allotted on a firm basis. Of the Net offer 10,56,000 (50.00%) allocated to NII 10,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,56,000 | 50.00% | 47.48% |
| Retail Shares Offered | 10,56,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,12,000 | 5.04% | |
| Total Shares Offered | 22,24,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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
| 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 | 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 |
The Wonder Fibromats IPO is subscribed 1.26 times on July 29, 2019 5:00:00 PM (Day 6). The public issue subscribed 0.33 times in the retail category, [.] times in the QIB category, and 2.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.19 | 10,56,000 | 23,16,800 |
| Retail | 0.33 | 10,56,000 | 3,53,600 |
| Total | 1.26 | 21,12,000 | 26,70,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars etc. | 1.15 |
| 2 | Market Making Fees for three years | 0.07 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.03 |
| 4 | Advertisement & Marketing Expenses | 0.04 |
| 5 | Regulatory & other expenses | 0.05 |
| 6 | Miscellaneous Expenses | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹89.00 |
| Open | ₹93.00 |
| Low | ₹89.00 |
| High | ₹93.00 |
| Last Trade | ₹89.05 |
Lead Manager Reports
Wonder Fibromats IPO is a SME IPO of 22,24,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹89 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Jul 22, 2019, and closes on Mon, Jul 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 Mon, Jul 22, 2019 and closes on Mon, Jul 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 Wed, Jul 31, 2019. Check the Wonder Fibromats IPO allotment status.
The Wonder Fibromats IPO listing date is on Tue, Aug 6, 2019.
