CWD is an Information and Communication Technology (ICT) based company that designs, develops, manufactures, and sells integrated solutions.
| Bidding Dates |
|---|
| 30 Sep 2021 - 05 Oct 2021 |
| Subscription |
|---|
| 1.31x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,44,000 | 1 | 1 | 800 | 1.0 M | ₹180 | 72.29 % | ₹180.1 M | RHP DOC |
CWD IPO SUBSCRIPTION STATUS
05 Oct '21CWD IPO overall subscription rate was 1.31 times the total available shares
CWD IPO retail subscription rate was 0.71 times in the retail segment
CWD IPO non-institutional investor subscription rate was 1.91 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Oct 2021 (Day 5) | 0.71x | 1.91x | - |
01 Oct 2021 (Day 2) | 0.34x | 0.11x | - |
02 Oct 2021 (Day 3) | 0.34x | 0.11x | - |
04 Oct 2021 (Day 4) | 0.46x | 1.51x | - |
30 Sep 2021 (Day 1) | 0.19x | 0.11x | - |
CWD 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) |
| FY21 | 14.2 | 33.9 | 5.3 | 3.1 |
| FY20 | 5.1 | 30.2 | -7.9 | -11.9 |
CWD IPO SUBSCRIPTION STATUS DETAILS
CWD had 1.0 M shares on offer
CWD IPO offer price was ₹180
CWD IPO minimum Investment was ₹144000
CWD IPO issue size was ₹ 180.1 M
CWD had a minimum lot size of 800 Shares per application
CWD NUMBER OF SHARES ON OFFER
CWD IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2021 |
| Issue close Date | 05 Oct 2021 |
| Allotment Date | 08 Oct 2021 |
| Refund Date | 11 Oct 2021 |
| Demat Account Credit Date | 12 Oct 2021 |
| Listing Date | 13 Oct 2021 |
| Listing on Exchange(s) | BSE |
| CWD Allotment Status | Exchange |
CWD IPO subscription opened on 30 Sep 2021, and closed on 05 Oct 2021
IPO allotment for CWD was finalized on Friday, 08 Oct 2021
IPO listing for CWD was on BSE on Wednesday, 13 Oct 2021
CWD IPO LISTING GAINS
| Issue Price (adjusted) | 36.0 |
| Listing Open Price | 180.2 |
| Listing Close Price | 180.6 |
| Listing Gain% | 0.1% |
| Current Gain% | 781.8% |
CWD 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CWD Ltd. | 317.4 | 114.6 | 67.7 | -2.1 | 0.8 | 9.4 | 4.5 | 146.8 | 334.1 | 10.7 | 325.5 | 4.7 | -32.5 |
| LG Electronics India Ltd. | 1586.5 | 107687.2 | 63.9 | -2.7 | 4.4 | 22 | 12.4 | 24932.8 | 1.2 | 1685.1 | -23.5 | 24.8 | -23.5 |
| Dixon Technologies (India) Ltd. | 14200 | 86821.8 | 46.3 | 0.8 | 1.7 | 30.8 | 7.5 | 49585.8 | 27.5 | 1438.6 | 31.3 | 307 | 58.2 |
| Voltas Ltd. | 1285 | 42518.7 | 113.1 | -2 | 3 | 5.9 | 2.6 | 14482.6 | -8 | 375.9 | -55.3 | 11.4 | -55.3 |
| Blue Star Ltd. | 1514 | 31130.1 | 61.1 | -9.7 | 2.4 | 15.4 | 6.2 | 12463.9 | 3.5 | 527.7 | -10.8 | 24.8 | -6.3 |
| Amber Enterprises India Ltd. | 7435 | 26221.6 | 147.6 | -5.5 | 2.2 | 4.1 | 1.3 | 12306.6 | 22.5 | 177.6 | -27.1 | 50.4 | -27.1 |
CWD INFORMATION ON IPO ISSUE
About CWD
CWD is an Information and Communication Technology (ICT) based company that designs, develops, manufactures, and sells integrated solutions.
Object of the Issue
1.Security deposit towards acquisition of registered office on a long term lease basis.
2.Funding working capital requirements.
3.General corporate purpose.
CWD - PROMOTERS
| Name |
|---|
| S. Siddhartha Xavier |
| Tejas Kothari |
CWD Lead Manager to The Issue
Aryaman Financial Services Limited
ipo@afsl.co.in
CWD Registrar to the Issue
KFinTechnologies Private Limited
cwdin.ipo@kfintech.com
CWD Strengths
End to end solutions provider with dedicated research and development capabilities
The company is a fully integrated end-to-end integrated solution provider and original equipment manufacturer (OEMs) with global sourcing, manufacturing, quality testing, packaging, and logistics capabilities.
Strong research and development and technological capabilities
The company places a strong focus on R&D, with an emphasis on lean design and continuous improvement in product performance, cost and reliability, to enhance product range
CWD Risks
Dependent on few customers
Substantial portion of revenues has been dependent upon limited number of customers
Incurred losses in the past
The company has incurred losses in the past due to research and development activities and may incur losses in the future also as the company is innovation driven.
IPO FAQs
CWD Ltd. IPO listing opened at Rs 180.20 while the issue price was Rs 180.00 giving 0.11% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 36.00 giving 781.81% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 2.7 crore, of 150,000 shares. It also consists of a fresh issue of Rs 15.3 crore.
The promoters of the company are S. Siddhartha Xavier and Tejas Kothari.
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 180.0 - 180.0.
The IPO application opens on Sep 30, 2021 and closes on Oct 05, 2021.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Oct 08, 2021.
The refund will be credited to your account on Oct 11, 2021.
The allotted shares will be credited to your demat on Oct 12, 2021.
CWD Ltd.’s shares listed on the stock exchanges on Oct 13, 2021.