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CWD Limited IPO is a fixed price issue of Rs 18.01 crores. The issue is a combination of fresh issue of 8.51 lakh shares aggregating to Rs 15.31 crores and offer for sale of 1.5 lakh shares aggregating to Rs 2.70 crores.
CWD Limited IPO bidding started from September 30, 2021 and ended on October 5, 2021. The allotment for CWD Limited IPO was finalized on Friday, October 8, 2021. The shares got listed on BSE SME on October 13, 2021.
CWD Limited IPO price is ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Aryaman Financial Services Limited is the book running lead manager of the CWD Limited IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to CWD Limited IPO RHP for detailed information.
| IPO Date | September 30, 2021 to October 5, 2021 |
| Listing Date | October 13, 2021 |
| Face Value | ₹10 per share |
| Price | ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,000,800 shares (aggregating up to ₹18.01 Cr) |
| Fresh Issue | 850,800 shares (aggregating up to ₹15.31 Cr) |
| Offer for Sale | 150,000 shares of ₹10 (aggregating up to ₹2.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,760,600 |
| Share holding post issue | 3,611,400 |
| Market Maker portion | 50,400 shares |
CWD Limited IPO offers 1,000,800 shares. 475,200 (47.48%) to NII, 475,200 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 50,400 (5.04%) |
| Other Shares Offered | 475,200 (47.48%) |
| Retail Shares Offered | 475,200 (47.48%) |
| Total Shares Offered | 1,000,800 (100%) |
CWD Limited IPO opens on September 30, 2021, and closes on October 5, 2021.
| IPO Open Date | Thursday, September 30, 2021 |
| IPO Close Date | Tuesday, October 5, 2021 |
| Basis of Allotment | Friday, October 8, 2021 |
| Initiation of Refunds | Monday, October 11, 2021 |
| Credit of Shares to Demat | Tuesday, October 12, 2021 |
| Listing Date | Wednesday, October 13, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 5, 2021 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| Lot Size Calculator | |||
Mr. S. Siddhartha Xavier and Mr. Tejas Kothari are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.29% |
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 net proceed from the IPO will be utilized towards the following purposes;
[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...
The CWD Limited IPO is subscribed 1.31 times on October 5, 2021 6:52:00 AM. 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) |
|---|---|
| Other | 1.91 |
| Retail | 0.71 |
| Total | 1.31 |
| Listing Date | October 13, 2021 |
| BSE Script Code | 543378 |
| NSE Symbol | |
| ISIN | INE0H8H01019 |
| Final Issue Price | ₹180 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹180.00 |
| ₹180.90 |
| ₹180.15 |
| ₹189.00 |
| ₹180.60 |
CWD Limited
101, 1st Floor,
Plot No. 439, Hasham Premji Building,
Kalbadevi Road, Mumbai – 400 002
Phone: +91 - 90290 25141
Email: compliance@cwdin.com
Website: http://www.cwdin.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cwdin.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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CWD Limited IPO is a SME IPO of 1,000,800 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 Shares.
The IPO opens on September 30, 2021, and closes on October 5, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in CWD Limited IPO using UPI as a payment gateway. Zerodha customers can apply in CWD Limited IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CWD Limited IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CWD Limited IPO opens on September 30, 2021 and closes on October 5, 2021.
CWD Limited IPO lot size is 800 Shares, and the minimum amount required is ₹144,000.
You can apply in CWD Limited IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for CWD Limited 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 Limited IPO allotment status.
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