Wonder Fibromats Ltd is set to debut in the stock market with an issue size ₹19.79 Cr. Wonder Fibromats Limited is a Delhi-based company engaged in manufacturing, supplying, designing of motors, home appliances, energy-efficient fans and allied equipment. It has an in-house quality management lab and professional R&D team to maintain quality and market requirements. The main business of Wonder Fibromats is to manufacture exhaust, ceiling, pedestal and brushless DC (BLDC) fans in different attractive patterns, color and designs. It has a manufacturing facility located at Raipur Industrial Area, Uttarakhand and is setting up a new manufacturing plant with the aim of 24,00,000 fans per annum production capacity in Hyderabad.
Wonder Fibromats Ltd IPO Details
| IPO Date | Jul 22, 2019 to Jul 29, 2019 |
| Listing Date | Aug 6, 2019 |
| Face Value | ₹10 per share |
| Price | ₹89 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,224,000 shares(aggregating up to ₹19.79 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Wonder Fibromats Ltd IPO Tentative Dates
Wonder Fibromats IPO opens on Jul 22, 2019, and closes on Jul 29, 2019.
| Event | Tentative Date |
| Opening Date | Jul 22, 2019 |
| Closing Date | Jul 29, 2019 |
| Basis of Allotment | Jul 29, 2019 |
| Initiation of Refunds | Jul 30, 2019 |
| Credit of Shares to Demat | Jul 31, 2019 |
| Listing Date | Aug 1, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Overview
Wonder Fibromats Ltd, situated in Delhi, was founded in October 2009 and specialises in the manufacture, delivery, and design of motors, household appliances, energy-efficient fans, and associated equipment. The corporation makes and distributes items under the brand names of numerous well-known companies. To maintain quality and market needs, it also has an in-house quality management lab and a skilled R&D staff. A client-satisfaction cell evaluates customer complaints under the supervision of the quality control (QC) department.
Wonder Fibromats’ primary business is to make exhaust, ceiling, pedestal, and brushless DC (BLDC) fans in a variety of appealing patterns, colours, and designs.
Several of the company’s goods also meet the Bureau of Indian Standards’ quality criteria.
Industry Overview
Industries are an integral part of any economy, with their contributions ranging from the extraction of raw materials to the provision of services. These industries are classified into three sectors: primary, secondary, and tertiary. The primary sector involves activities such as farming, mining, and fishing, which involve the extraction of natural resources.
The secondary sector includes manufacturing and construction, which involve the processing of raw materials into finished goods. Finally, the tertiary sector includes activities such as transportation, finance, and healthcare, which provide services to the population.
The importance of each sector may vary depending on the country and its resources, but all three are essential for a balanced and robust economy. By supporting and growing these industries, countries can increase their economic growth and prosperity.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 13,038.37 | 12,588.64 | 6,675.75 |
| Total Revenue | 30,663.90 | 29,371.22 | 16,562.95 |
| Profit After Tax | 613.84 | 797.30 | 509.16 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- To finance the expenditure on land acquisition, site development, and other civil work;
- To acquire plant and machinery;
- To finance a portion of the required for incremental working capital;
- To satisfy general corporate objectives;
- To cover Issuance expenditures.
Strengths
- Solid ties with customers.
- Quality control
- A strong research and development staff
- Reverse integration
Weaknesses
- Vulnerability to Economic Fluctuations
- Dependence on a Small Number of Key Players
- Technological Obsolescence
- Environmental Concerns and Regulations
- High Cost of Entry
Wonder Fibromats Ltd Lead Manager(s)
- Navigant Corporate Advisors Ltd
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
Wonder Fibromats Limited
45, Okhla Industrial Estate,Phase-III,New Delhi 110020
Phone: 011 66058952
Email: info@wonderfibromats.com
Website: http://wonderfibromats.com/
Company Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
