WOL 3D India marks its presence in the National Stock Exchange’s SME Platform

WOL 3D India, a leading provider of 3D printing solutions, listed on the National Stock Exchange’s SME platform at Rs 180, a 20% premium over its issue price of Rs 150

WOL 3D India, a leading provider of 3D printing solutions, listed on the National Stock Exchange’s SME platform at Rs 180, a 20% premium over its issue price of Rs 150. The company’s Rs 22.5 crore public offer received an impressive response, subscribing 374 times. Non-institutional investors led the charge, buying 749 times their allotted portion, while retail investors purchased 368 times their quota. Incorporated in 1988, WOL 3D India enables easier prototyping across various sectors, including manufacturing, education, and healthcare. Its product portfolio includes 3D printers, scanners, laser engravers, and consumables like 3D filaments and resins.

The company plans to utilize funds raised through the fresh issue to repay outstanding borrowings, meet working capital requirements, and cover general corporate expenses. This strategic move aims to bolster WOL 3D India’s market presence. Despite missing grey market estimates of a 45% premium, WOL 3D India’s listing gains demonstrate strong investor confidence. As the 3D printing industry continues to grow, WOL 3D India is well-positioned to capitalize on emerging opportunities.