Incorporated in October 2009, Delhi based Wonder Fibromats imited is engaged in manufacturing, supplying, designing of motors, home appliances, energy-efficient fans and allied equipment. The company manufactures and supplies products to many well-known companies to distribute under their brand name. It also has an in-house quality management lab and professional R&D team to maintain quality and market requirements. Under the supervision of the quality check (QC) department, a client-satisfaction cell reviews the clients' complaints.
The main business of Wonder Fibromats is to manufacture exhaust, ceiling, pedestal and brushless DC (BLDC) fans in different attractive patterns, color and designs.Some of the products of the company also qualify for the quality standards of the Bureau of Indian Standards.Currently, the company has a manufacturing facility located at Raipur Industrial Area, Uttarakhand. It is also
setting up a new manufacturing plant with the aim of 24,00,000 fans per annum production capacity in Hyderabad.
The competitive strengths of the company are:
1. Strong relationships with the customer base.
2. Quality assurance
3. Dedicated research and development team
4. Backward integration
Company Promoters:
Mr. Harsh Kumar Anand, Mr. Yogesh Anand and Mr. Yogesh Sahni are the promoters of the company.
Company Financials:
Summary of financial Information (Restated)
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:
Objects of the Fresh Issue:
1. To finance the Expenditure towards Acquisition of Land, Site Development and Other Civil Work;
2. To Acquire the Plant & Machinery;
3. To part finance the requirement of Incremental Working Capital;
4. To meet General corporate purposes;
5. To meet the expenses of the Issue.
Wonder Fibromats IPO Details
Issue Open Jul 22, 2019 - Jul 29, 2019
Issue Type Fixed Price Issue IPO
Issue Size 2,224,000 Eq Shares of Rs 10
(aggregating up to Rs 19.79 Cr)
Face Value Rs 10 Per Equity Share
Issue Price Rs 89 Per Equity Share
Market Lot 1600 Shares
Min Order Quantity 1600 Shares
Listing At NSE SME
Wonder Fibromats IPO Tentative Date / Timetable
Bid/Offer Opens On Jul 22, 2019
Bid/Offer Closes On Jul 29, 2019
Finalisation of Basis of Allotment Jul 29, 2019
Initiation of Refunds Jul 30, 2019
Credit of Shares to Demat Acct: Jul 31, 2019
IPO Shares Listing Date: Aug 1, 2019
Wonder Fibromats IPO Promoter Holding
Pre Issue Share Holding 97.75%
Post Issue Share Holding 71.79%
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/
Wonder Fibromats IPO Registrar
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/
Wonder Fibromats IPO Lead Manager(s)
Navigant Corporate Advisors Ltd
Lead Manager Reports
Conclusion / Investment Strategy
The issue appears fully priced. Its comparison with brand leaders is just an eyewash. Considering major concerns listed here above, there is no harm in giving this issue a miss. (Avoid)
