Wonder Fibromats Limited
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Wonder Fibromats Limited's has transitioned to a publicly listed entity following its IPO debut on Aug 06, 2019 at the NSE exchange. The public offering successfully raised 22,24,000 Shares, consisting of TBDin new capital.
The IPO featured a competitive price range of ₹89 to ₹89 and minimum application size of 1600 shares. Market reception was evidenced through subscription activity between Jul 22, 2019 and Jul 29, 2019, reflecting investor appetite for the offering.
Allotment of shares was completed on Aug 02, 2019, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in October 2009, Delhi-based Wonder Fibromats Limited is engaged in the manufacturing, supplying, and designing of motors, home appliances, energy-efficient fans, and allied equipment. The company produces and supplies products to various well-known brands for distribution under their names. It has an in-house quality management lab and a professional R&D team to meet quality standards and market demands. A client-satisfaction cell, under the supervision of the quality check (QC) department, handles customer feedback and complaints. The core business of Wonder Fibromats involves the production of exhaust, ceiling, pedestal, and brushless DC (BLDC) fans in a range of patterns, colors, and designs. Some of its products meet the quality standards set by the Bureau of Indian Standards. Currently, the company operates a manufacturing facility at Raipur Industrial Area, Uttarakhand, and is in the process of establishing a new plant in Hyderabad with a targeted annual production capacity of 24,00,000 fans.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong and trusted customer relationships
- Focus on quality assurance
- Dedicated in-house R&D team
- Backward integration for better control and efficiency
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- Mr. Harsh Kumar Anand
- Mr. Yogesh Anand
- Mr. Yogesh Sahni
Wonder Fibromats Limited
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