Wonder Fibromats Limited is engaged in manufacturing, supplying, designing of motors, home appliances, energy-efficient fans and allied equipment. The company manufactures and supplies products to many well-known companies to distribute under their brand name. It also has an in-house quality management lab and professional R&D team to maintain quality and market requirements. Under the supervision of the quality check (QC) department, a client-satisfaction cell reviews the clients' complaints.
| Bidding Dates |
|---|
| 22 Jul 2019 - 29 Jul 2019 |
| Subscription |
|---|
| 1.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,42,400 | 1 | 1 | 1600 | 2.2 M | ₹89 | 73.45 % | ₹197.9 M | RHP DOC |
Wonder Electricals IPO SUBSCRIPTION STATUS
29 Jul '19Wonder Electricals IPO overall subscription rate was 1.26 times the total available shares
Wonder Electricals IPO retail subscription rate was 0.33 times in the retail segment
Wonder Electricals IPO non-institutional investor subscription rate was 2.19 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Jul 2019 (Day 3) | 0.15x | 1.38x | - |
25 Jul 2019 (Day 4) | 0.15x | 1.41x | - |
26 Jul 2019 (Day 5) | 0.15x | 2.17x | - |
29 Jul 2019 (Day 6) | 0.33x | 2.19x | - |
22 Jul 2019 (Day 1) | 0.01x | 0.45x | - |
23 Jul 2019 (Day 2) | 0.03x | 0.53x | - |
Wonder Electricals FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY19 | 61.4 | 3,066.4 | 222.5 | 102.9 |
| FY18 | 79.7 | 2,937.1 | -85.2 | -122.5 |
| FY17 | 50.9 | 1,656.3 | 81.2 | 58.2 |
Wonder Electricals IPO SUBSCRIPTION STATUS DETAILS
Wonder Electricals had 2.2 M shares on offer
Wonder Electricals IPO offer price was ₹89
Wonder Electricals IPO minimum Investment was ₹142400
Wonder Electricals IPO issue size was ₹ 197.9 M
Wonder Electricals had a minimum lot size of 1600 Shares per application
Wonder Electricals NUMBER OF SHARES ON OFFER
Wonder Electricals IPO IMPORTANT DATES
| Issue Open Date | 22 Jul 2019 |
| Issue close Date | 29 Jul 2019 |
| Allotment Date | 29 Jul 2019 |
| Refund Date | 30 Jul 2019 |
| Demat Account Credit Date | 31 Jul 2019 |
| Listing Date | 01 Aug 2019 |
| Listing on Exchange(s) | NSE |
| Wonder Electricals Allotment Status | Exchange |
Wonder Electricals IPO subscription opened on 22 Jul 2019, and closed on 29 Jul 2019
IPO allotment for Wonder Electricals was finalized on Monday, 29 Jul 2019
IPO listing for Wonder Electricals was on NSE on Thursday, 01 Aug 2019
Wonder Electricals IPO LISTING GAINS
| Issue Price (adjusted) | 5.6 |
| Listing Open Price | 93.0 |
| Listing Close Price | 89.0 |
| Listing Gain% | 4.5% |
| Current Gain% | 2232.7% |
Wonder Electricals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wonder Electricals Ltd. | 129.7 | 108.6 | 190.7 | -3.7 | 2.7 | 8.7 | 2.2 | 654.8 | 9.1 | 0.7 | -52.1 | ||
| Crompton Greaves Consumer Electricals Ltd. | 250 | 16094.7 | -71.9 | 0.5 | 1.9 | -8.2 | -4 | 8161.2 | 2.9 | -242.2 | -143.6 | -3.5 | -142.5 |
| V-Guard Industries Ltd. | 319.6 | 13966 | 38.3 | 1.5 | 2.2 | 13 | 8.3 | 5989.3 | 7 | 308.3 | -1.7 | 8.3 | 26.4 |
| TTK Prestige Ltd. | 616 | 8435.4 | 49.4 | 0.7 | 2.7 | 8.1 | 5.9 | 3040.9 | 9 | 160.6 | 42.8 | 12.5 | 75.5 |
| Cera Sanitaryware Ltd. | 6062 | 7818.5 | 38.5 | -2.2 | 3.7 | 13.9 | 10.4 | 2103 | 6.3 | 204.2 | -17.2 | 157.4 | -17.5 |
| IFB Industries Ltd. | 1404.4 | 5690.5 | 35.5 | 0.7 | 1 | 14.4 | 5.8 | 5652.6 | 10.3 | 143.6 | 20.7 | 39.6 | 49.2 |
Wonder Electricals INFORMATION ON IPO ISSUE
About Wonder Electricals
Wonder Fibromats Limited is engaged in manufacturing, supplying, designing of motors, home appliances, energy-efficient fans and allied equipment. The company manufactures and supplies products to many well-known companies to distribute under their brand name. It also has an in-house quality management lab and professional R&D team to maintain quality and market requirements. Under the supervision of the quality check (QC) department, a client-satisfaction cell reviews the clients' complaints.
Object of the Issue
- To finance the Expenditure towards Acquisition of Land, Site Development and Other Civil Work;
- To Acquire the Plant & Machinery;
- To part finance the requirement of Incremental Working Capital;
- To meet General corporate purposes;
- To meet the expenses of the Issue.
Wonder Electricals - PROMOTERS
| Name |
|---|
| Harsh Kumar Anand |
| Yogesh Anand |
| Yogesh Sahni |
Wonder Electricals Lead Manager of the Issue
Navigant Corporate Advisors Limited
navigant@navigantcorp.com
Wonder Electricals Registrar to the Offer
Karvy Fintech Private Limited
einward.ris@karvy.com
Wonder Electricals Strengths
Strong relationships with a diverse top-tier customer base
The company has established and will continue to focus on strengthening our long-standing relationships with well-known customers across product verticals
Experienced Promoters and seasoned management team
Key Managerial Personnel have an average experience of over 15 (fifteen) years, comprise of experienced professionals with extensive experience in their domains, helping to develop new products through in-house R&D capabilities, thereby quickly adapting to changing client requirements across varying product mix
Wonder Electricals Risks
Tax proceedings pending
There are certain Tax proceedings pending involving the Company, Promoter Group Company.
Capacity of current plant units is not fully utilized
The capacity of current plant units is not fully utilized. Consecutively, if there is also any under-utilization of our capacities in next three years, it could affect ability to fully absorb fixed costs and thus may adversely impact financial performance.
IPO FAQs
Wonder Fibromats Ltd. IPO listing opened at Rs 93.00 while the issue price was Rs 89.00 giving 4.49% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 5.56 giving 2232.73% gains since its IPO listing.
The promoters of the company are Harsh Kumar Anand, Yogesh Anand and Yogesh Sahni.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 89.0 - 89.0.
The IPO application opens on Jul 22, 2019 and closes on Jul 29, 2019.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 142,400.0, the maximum value for this IPO is Rs 142,400.0.
This IPO will be allotted on Jul 29, 2019.
The refund will be credited to your account on Jul 30, 2019.
The allotted shares will be credited to your demat on Jul 31, 2019.
Wonder Fibromats Ltd.’s shares listed on the stock exchanges on Aug 01, 2019.