WOL 3D India IPO Listing: Shares of 3D printing solution provider WOL 3D India got listed on NSE today. The company’s shares were listed at ₹180.05, a premium of 20% over the IPO price of ₹150. However, despite the huge fall in the stock market, there was strong buying in this share as soon as it was listed and it took an upper circuit of 5% and this share reached an intraday high of ₹ 189.05. Let us tell you that the IPO of WOL 3D India opened on Monday, 23 September and closed on Wednesday, 25 September. Let us tell you that this issue was subscribed a total of 374 times in three days. The retail portion was subscribed more than 368 times and the portion reserved for non-institutional buyers about 749 times.
what are the details
The SME IPO comprises a fresh issue of 14.52 lakh shares and an offer for sale (OFS) of 2.52 lakh shares. The company has set a target of raising ₹25.56 crore from the issue, and has also set a target of raising ₹21.78 crore from the fresh issue of shares. It will use this to repay borrowings and meet working capital requirements. Its profit after tax (PAT) has seen a significant jump in the last two financial years. For FY22, FY23 and FY24, the company’s PAT stood at ₹84.42 lakh, ₹2.41 crore and ₹5 crore, respectively.
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Huge decline in stock market
Major indices Sensex and Nifty declined in early trade on Monday amid withdrawal of foreign capital and weak trend in Asian markets. BSE Sensex fell 1100 points to 84,530.32 in early trade. NSE Nifty fell 295 points to 25,885.85. According to stock market data, foreign institutional investors (FIIs) were sellers on Friday and sold shares worth a net Rs 1,209.10 crore.
