Wonder Fibromats IPO

Wonder Fibromats IPO: Wonder Fibromats Limited IPO Listing Details

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
Total Shares:  22,24,000
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 

Day  Date  NII  RII  Total
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
6  July 29,2019  2.19x  0.33x  1.26x

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.

NII: Individual Investors, Companies, etc. Who bid for more than Rs. 2 lakhs considered under Non-Institutional Investors. Like QIB, NII investors need not register with SEBI.
RII: Retail investors, who bid up to Rs. 2 lakhs and NRI’s, who bid less than Rs. 2 Lakhs are considered under Retail Individual Investors (RII).

Wonder Fibromats IPO Shares Offered

NII  RII  Total
1,056,000 1,056,000 2,112,000

WFL IPO Prospectus

Draft Prospectus

Red Herring 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

NSE
Issue Price Rs 89.00
Open: Rs 93.00
Low: Rs 89.00
High: Rs 93.00
Last Trade: Rs 89.05
Volume: 155,200

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

Phone: +91-40-23312454
Email: [email protected]
Websitehttps://karisma.karvy.com/

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.

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