Unlisted shares of WOL 3D Ltd are trading Rs 65 higher in the grey market, signalling a 43.33 per cent listing gain from the public issue.
WOL 3D IPO: The initial public offering of WOL 3D Ltd is going to be closed today, Wednesday. The price band of the Rs 25.56-crore SME IPO has been fixed at Rs 142 to Rs 150 per share for the public issue. Till 10:35 am on the final day of bidding on Monday, the IPO received an overwhelming 83.60 times subscription garnering bids for 9,46,38,000 shares as against the 11,32,000 shares on offer.
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The category for non-institutional investors received 105.19 times subscription, while the portion for retail individual investors (RIIs) got subscribed 118.14 times. The QIB category received a 6.83 times subscription.
The IPO was opened on Monday, September 23.
WOL 3D IPO: Key Dates
The IPO is available for public subscription between September 23 and September 25. The share allotment of the WOL 3D IPO will likely be finalised on September 26, while its shares will be listed on the NSE SME on September 30.
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WOL 3D IPO: Price Band
The price band of the Rs 25.56-crore SME IPO has been fixed at Rs 142 to Rs 150 per share for the public issue.
WOL 3D IPO: GMP Today
According to market observers, unlisted shares of WOL 3D Ltd are trading Rs 65 higher in the grey market than its issue price. The Rs 65 grey market premium or GMP means the grey market is expecting a 43.33 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
WOL 3D IPO: More Details
The Rs 25.56-crore WOL 3D IPO is a combination of fresh issue of 14.52 lakh shares aggregating to Rs 21.78 crore and an offer for sale of 2.52 lakh share aggregating to Rs 3.78 crore.
WOL 3D IPO opens for subscription on September 23, 2024 and closes on September 25, 2024. The allotment for the WOL 3D IPO is expected to be finalized on Thursday, September 26, 2024. WOL 3D IPO will list on NSE SME with tentative listing date fixed as Monday, September 30, 2024.
WOL 3D IPO price band is set at Rs 142 to Rs 150 per share. The minimum lot size for an application is 1,000 shares. The minimum amount of investment required by retail investors is Rs 1,50,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to Rs 3,00,000.
Hem Securities Limited is the book running lead manager of the WOL 3D IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for WOL 3D IPO is Hem Finlease.
