WFL Initial Public Offering (IPO)
Wonders Fibromats Limited is a fan manufacturing company. It has been launching its Initial Public Offering for Subscription on July 22nd, 2019. The IPO consists of 22,24,000 equity shares of face value Rs. 10 per equity share. Check other details of Wonders Fibromats IPO through this page.
Wonders Fibromats IPO Details
|Open Date:||Jul 22, 2019|
|Close Date:||Jul 29, 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||fixed type|
|Issue Size:||20.0160 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 89 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Aug 06, 2019|
The size of the IPO is 22,24,000 equity shares of face value Rs. 10 per equity share aggregating up to Rs 20.02 crore. It has been set a price band at Rs 89 per equity share. The IPO planned to offer 1,056,000 shares for Non- Institutional Investors and 1,056,000 shares for Retail Individual investors. The minimum application lot size of the IPO is 1600 shares. As per the source, the company spending Rs 1.36 crore for the IPO proceeds. The IPO has been listing on NSE Merge. It was managed by Navigant Corporate Advisors Ltd.
Objects of the Issue:
1. To finance the Expenditure towards Acquisition of Land, Site Development and Other Civil Work,
2. To Acquire the Plant & Machinery,
3. Becoming a part-finance the requirement of Incremental Working Capital,
4. To meet General corporate purposes and expenses of the Issue.
WFL IPO Promoter Holding
|Pre Issue Share Holding||97.75%|
|Post Issue Share Holding||71,79%|
Wonders Fibromat IPO Subscription Status
|1||July 22, 2019||0.45x||0.01x||0.23x|
|2||July 23, 2019||0.53x||0.03x||0.28x|
|3||July 24, 2019||1.38x||0.15x||0.76x|
|4||July 25, 2019||1.41x||0.15x||0.78x|
|5||July 26, 2019||2.17x||0.15x||1.16x|
By using the subscription status, you will know if the IPO subscribed or not. Investors can only make bidding for IPO in between 10 AM to 5 PM after opening the Issue. You can also check the subscription status for three days through this site.
Wonder Fibromats IPO Shares Offered
WFL IPO Prospectus
Wonder Fibromats Listing Details
Wonder Fibromats company announced the listing date of its IPO is on 6th August 2019. On the first day of the IPO, NSE gives a Pre-Trading period to the investors. At this time, they can Buy, modify, or cancel the Orders.
Listing Day Trading Information
|Issue Price||Rs 89.00|
|Last Trade:||Rs 89.05|
Wonder Fibromats IPO Registrar
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
About the Company:
Wonder Fibromats Limited is one of the leading fan manufacturing company in India. Ceiling fans, exhaust, pedestal, and brushless DC fans are the main products of the company. It is located in Raipur Industrial Area, Uttarakhand, India. The company has a professional R&D team for quality and Market requirements.
Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.