WOL 3D India to debut on NSE SME platform today. Check GMP ahead of listing
WOL 3D India will debut on the NSE SME platform today. Ahead of the listing, the stock was commanding a GMP of Rs 75 in the grey market.
Considering the upper price band of Rs 150, the stock is expected to list with a premium of 50% over the issue price.
The IPO, which was completely a fresh equity sale of 17.04 lakh shares, received overwhelming response from investors with an overall subscription of over 300 times at close.
The net proceeds from the public offer will be used for repayment of debt, working capital requirements and other general corporate purposes.
The company is engaged in the business of providing 3D printing solutions enabling easier prototyping, finding its application in various sectors like manufacturing, education, engineering, architecture, interior designing, fashion designing, product designing, medical, dental etc.
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