WOL3D India Limited, a leading manufacturer and distributor of 3D printing technology in India, has announced an Initial Public Offering (IPO) scheduled for September 23, 2024. This event is a watershed moment for the company and the additive manufacturing sector in India as it becomes India’s first listed 3D printing company.
WOL 3D was founded with the goal of making cutting-edge 3D printing technology accessible and affordable. Since then, it has quickly become a leader in providing comprehensive 3D printing solutions. The company's IPO, which aims to raise up to Rs. 25.56 crore, is expected to fund its growth plans and solidify its position in the burgeoning market.
WOL3D to be India’s first listed 3D printing company
WOL3D is one of India's leading 3D printing companies, and it has been expanding its presence through a franchise model. Initially, they were primarily a reseller of 3D printers, materials (filaments and resins), 3D scanners, and even 3D Pens, encompassing the entire 3D printing ecosystem. This gradually evolved into a model in which the company launched its own line of 3D printers and filaments, as well as expanded its reseller offerings.
WOL3D currently has offices in 14+ cities across India, works with over 100+ resellers, offers 200+ products, and has sold to 50,000+ customers. Machines can be purchased from popular brands such as Bambu Lab, Creality, Flashforge, UltiMaker, Phrozen, and others.
One of its most notable achievements in recent years has been its appearance on Shark Tank India Season 2, where they secured a deal for Rs. 80 lakh for 2% equity and Rs. 70 lakhs in debt with Aman Gupta, the co-founder and CMO of boAt Lifestyle.
Key IPO Details
- Issue Period: September 23-25, 2024
- Price Band: Rs. 142 - Rs. 150 per equity share
- Minimum Bid Lot: 1,000 shares
- Listing: National Stock Exchange (NSE) Emerge Platform
- Book Running Lead Manager: HEM Securities Ltd.
WOL 3D IPO is a book-built issue worth Rs 25.56 crore. The issue consists of a fresh issue of 14.52 lakh shares totaling Rs 21.78 crores and an offer to sell of 2.52 lakh shares totalling Rs 3.78 crores. The minimum investment for retail investors is ₹150,000. The minimum investment for HNI is 2 lots (2,000 shares) worth ₹300,000.
Hem Securities Limited is the book-running lead manager for the WOL 3D IPO, and Bigshare Services Pvt Ltd is the registrar. The market maker for the WOL 3D IPO is Hem Finlease.
WOL 3D's comprehensive portfolio includes cutting-edge 3D printers, scanners, laser engravers, and consumables. The company has also made significant progress in 3D prototyping services, catering to a variety of industries including automotive, healthcare, and education.
Financial Highlights (FY 2024)
- Revenue: Rs. 39.58 crore (projected for full-year revenue for FY 2024)
- EBITDA Margin: 17.54%
- PAT Margin: 12.71%
- ROCE: 42.50%
According to the company's financial statements, its revenue and expenses from 2021 to date are as follows.
| Year | Revenue (in Cr) | PAT (in Cr) | Expenses (in Cr) | Assets (in Cr) |
| 2021 | 16.84 | 0.88 | 15.61 | 6.72 |
| 2022 | 20.37 | 0.84 | 19.19 | 10.03 |
| 2023 | 23.71 | 2.41 | 20.31 | 13.91 |
| 2024* | 27.42 | 2.71 | 23.66 | 20.75 |
Note: The 2024 figures are for the nine-month period ending December 31, 2023, not the entire fiscal year.
The company intends to use the proceeds from the IPO to expand its R&D capabilities, improve its distribution network, and investigate new applications for 3D printing technology in emerging industries. Wit this offering, it is set to become India’s first listed 3D printing company.
About WOL 3D India Limited: WOL 3D India Limited is at the forefront of India's 3D printing revolution, providing a comprehensive range of additive manufacturing solutions. WOL 3D is dedicated to providing cutting-edge 3D printing technology to businesses and individuals, with a focus on innovation and quality.
