Schedule of WOL3D India
| Issue open date | 23 Sep 2024 |
| Issue close date | 25 Sep 2024 |
| UPI mandate deadline | 25 Sep 2024 (5 PM) |
| Allotment finalization | 26 Sep 2024 |
| Refund initiation | 27 Sep 2024 |
| Share credit | 27 Sep 2024 |
| Listing date | 30 Sep 2024 |
| Mandate end date | 10 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 26 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 25 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About WOL3D India
WOL3D India, established in 2019, provides 3D printing solutions for sectors like manufacturing, education, engineering, architecture, and healthcare. Their offerings include 3D printers, scanners, pens, filaments, and prototyping services using FDM, SLA, and SLS technologies.
WOL3D India specializes in additive manufacturing, which minimizes waste and material costs. They distribute international 3D printer brands and manufacture their own filaments. With a presence in multiple cities through branches and franchises, they also operate 3D Printing Experience Centers. They gained recognition from appearing on *Shark Tank India* in 2023.
Financials of WOL3D India
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹25.56 crores |
| Fresh Issue | ₹21.78 crores |
| Offer for sale | ₹3.78 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of Outstanding Borrowings | 3 (13.77%) |
| Funding for Working Capital Requirements | 14.50 (66.55%) |
| General Corporate Purpose | 4.28 (19.68%) |
Strengths
- The company has built a comprehensive 3D printing ecosystem, offering a full range of hardware, consumables, and services, enabling seamless prototyping and manufacturing solutions.
- It operates a well-established distribution network with a presence in multiple cities, retail chains, and online platforms, ensuring wide accessibility for customers.
- The company’s backward integration through filament manufacturing enhances efficiency and control over its supply chain, giving it a competitive advantage.
- An experienced promoter and management team with industry-specific expertise has contributed to the company’s sustained growth and market credibility.
Risks
- Failure to promote and protect the brand could hinder growth and damage reputation.
- Termination or unfavorable renewal of distributor authorizations could disrupt operations.
- Import restrictions and rising shipment costs could impact business and cash flows.
- Over-reliance on certain online marketplaces may lead to operational risks if relationships are disrupted.
- Financial instability from debt or loans could affect liquidity and operational sustainability.
- Legal or regulatory challenges, including criminal proceedings, could significantly impact business operations and investor confidence.