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Wonder Fibromats IPO is a fixed price issue of Rs 19.79 crores.
Wonder Fibromats IPO bidding started from July 22, 2019 and ended on July 29, 2019. The allotment for Wonder Fibromats IPO was finalized on Monday, July 29, 2019. The shares got listed on NSE SME on August 6, 2019.
Wonder Fibromats IPO price is ₹89 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹142,400.
Navigant Corporate Advisors Ltd is the book running lead manager of the Wonder Fibromats IPO, while Kfin Technologies Limited is the registrar for the issue.
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 |
| Price | ₹89 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,224,000 shares (aggregating up to ₹19.79 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,600,000 |
| Share holding post issue | 8,375,500 |
| Market Maker portion | 112,000 shares |
Wonder Fibromats IPO offers 2,224,000 shares. 1,056,000 (47.48%) to NII, 1,056,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 112,000 (5.04%) |
| Other Shares Offered | 1,056,000 (47.48%) |
| Retail Shares Offered | 1,056,000 (47.48%) |
| Total Shares Offered | 2,224,000 (100%) |
Wonder Fibromats IPO opens on July 22, 2019, and closes on July 29, 2019.
| IPO Open Date | Monday, July 22, 2019 |
| IPO Close Date | Monday, July 29, 2019 |
| Basis of Allotment | Monday, July 29, 2019 |
| Initiation of Refunds | Tuesday, July 30, 2019 |
| Credit of Shares to Demat | Wednesday, July 31, 2019 |
| Listing Date | Tuesday, August 6, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 29, 2019 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹142,400 |
| Retail (Max) | 1 | 1600 | ₹142,400 |
| Lot Size Calculator | |||
Mr. Harsh Kumar Anand, Mr. Yogesh Anand and Mr. Yogesh Sahni are the promoters of the company.
| Share Holding Pre Issue | 97.75% |
| Share Holding Post Issue | 71.79% |
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 | |
Objects of the Fresh Issue:
1. To finance the Expenditure towards Acquisition of Land, Site Development and Other Civil Work;
2. To Acquire the Plant & Machinery;
3. To part finance the requirement of Incremental Working Capital;
4. To meet General corporate purposes;
5. To meet the expenses of the Issue.
[Dilip Davda] 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) Read detail review...
The Wonder Fibromats IPO is subscribed 1.26 times on July 29, 2019 5:00:00 PM. 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) |
|---|---|
| Other | 2.19 |
| Retail | 0.33 |
| Total | 1.26 |
| Listing Date | August 6, 2019 |
| BSE Script Code | |
| NSE Symbol | WEL |
| ISIN | INE02WG01016 |
| Final Issue Price | ₹89 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹89.00 |
| ₹93.00 |
| ₹89.00 |
| ₹93.00 |
| ₹89.05 |
Wonder Fibromats Limited
45, Okhla Industrial Estate,
Phase-III,
New Delhi 110020
Phone: 011 66058952
Email: info@wonderfibromats.com
Website: http://wonderfibromats.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Wonder Fibromats IPO is a SME IPO of 2,224,000 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 Shares.
The IPO opens on July 22, 2019, and closes on July 29, 2019.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Wonder Fibromats IPO opens on July 22, 2019 and closes on July 29, 2019.
Wonder Fibromats IPO lot size is 1600 Shares, and the minimum amount required is ₹142,400.
You can apply in Wonder Fibromats 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 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.
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Over subscription IPOs are not performing well and Less subscription IPOs are performing well.
It's better not to apply in any SMEs IPOs & untill unless very Good Company with technically & Fundamentally Perfect.