CWD Limited IPO Detail
CWD is an Information and Communication Technology (ICT) based company that designs, develops, manufactures, and sells integrated solutions. CWD developed products are focused on wireless technologies either on short-range radio technology like NFC, Bluetooth BLE, WiFi, Zigbee; mid-range systems like LORA or long-range communication systems like 5G LTE, NB-IOT, LTE CAT. Its offerings can be majorly divided into - Smart Connectivity Modules, Connected Products, Electronics Design, Product Design, and Software Design. CWD is an end-to-end integrated solution provider and original equipment manufacturers with capabilities ranging from global sourcing, manufacturing, quality testing, packaging, and logistics. The company has a strong focus on R&D and the company’s manufactured products are sold globally to customers who in turn distribute these products under their own brand.
The company has 3 subsidiaries namely CWD Manufacturing Pvt. Ltd., and Global Private Limited SDG in Mumbai, and CWD Innovations HK Limited in Hong Kong.
Competitive strengths
- End-to-end integrated solution provider and original equipment manufacturer.
- Strong R&D and technological capabilities.
- Experienced promoters and management expertise.
- Wide product portfolio.
- Scalable business model.
Company Promoters
Mr. S. Siddhartha Xavier and Mr. Tejas KothariIPO Details
| IPO Opening Date | Sep 30, 2021 |
| IPO Closing Date | Oct 05, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹180 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹18.01 Cr |
| Fresh Issue | ₹15.31 Cr |
| Offer for Sale | ₹2.70 Cr |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.0x | - | - | 0.11x | 0.19x | 0.15x |
| Day 2 | 0.0x | - | - | 0.11x | 0.34x | 0.22x |
| Day 3 | 0.0x | - | - | 1.51x | 0.46x | 0.98x |
| Day 4 | 0.0x | - | - | 1.19x | 0.71x | 1.31x |
IPO Tentative Timetable
The CWD Limited IPO open date is Sep 30, 2021, and the close date is Oct 05, 2021. The issue may list on Oct 13, 2021.
| IPO Open Date | Sep 30, 2021 |
| IPO Close Date | Oct 05, 2021 |
| Basis of Allotment Date | Oct 08, 2021 |
| Initiation of Refunds | Oct 11, 2021 |
| Credit of Shares to Demat Account | Oct 12, 2021 |
| IPO Listing Date | Oct 13, 2021 |
IPO Lot Size
The CWD Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹108000 |
| Maximum | 1 | 600 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.29% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 7.76 | 3.41 | 1.42 |
| 31-Mar-20 | 4.23 | 3.03 | 0.51 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- Security deposit towards acquisition of registered office on a long term lease basis.
- Funding working capital requirements.
- General corporate purpose.
