CWD IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the CWD IPO release date, IPO offer price, subscription, CWD Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 180 |
| Listing At | BSE Startup |
| Min. Order Quantity | 600 Shares |
| Listing Date | NA |
| Offer for Sale | Rs 270 Lakh |
| Fresh Issue | Rs 1,531 Lakh |
| IPO Size | Rs 1,801 Lakh |
| Tick Size | 1 |
CWD IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – CWD Share Price |
CWD IPO – Summary
CWD stands for Connected Wireless Devices. Their Company is an Information and Communication Technology (ICT) based company that designs, develops, manufactures, and sells integrated solutions combining the power of software and electronics.
All products that are designed and developed in the company 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 M1, etc.
The Promoter of this company is Mr. S. Siddhartha Xavier and Mr. Tejas Kothari. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.
CWD IPO Date
The opening and the closing date of the CWD IPO are Sep 30, 2021, and Oct 5, 2021, respectively.
CWD IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30 Sep | 0.11x | 0.19x | 0.15x |
| 2nd Day – 1 Oct | 0.11x | 0.34x | 0.22x |
| 3rd Day – 4 Oct | 1.51x | 0.46x | 0.98x |
| 4th Day – 5 Oct |
1.91x | 0.71x | 1.31x |
| Shares Offered or Net Issue | 475,200 | 475,200 | 950,400 |
The shares subscribed by the public will be updated here.
CWD IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
CWD Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 8, 2021 |
| Refunds Initiation | Oct 11, 2021 |
| Credit of Shares to Demat Account | Oct 12, 2021 |
| Share Listing Date | Oct 13, 2021 |
CWD IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.180
CWD IPO Size
This Initial Public Issue of 10,00,800 Equity Shares of Rs.10 each for cash at a price of Rs.180 per equity share aggregating to Rs.1,801 Lakh.
CWD IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 8,50,800 Equity Shares of Rs.10/ each.
Issue Size: 10,00,800 Equity Shares of Rs.10 each, aggregating to Rs.1,801 Lakh
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CWD IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – CWD Share Price |
CWD IPO Grey Market Premium
The CWD Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
CWD IPO – Company Overview
CWD operates mainly through the segments of Consumer Electronics and Design and Development of Technology Solutions for various Enterprises and Businesses.
Their diversified product portfolio includes Smart Medical Consumer Electronics, Products for Vaccine Tracking and Delivery, Tracking devices for Farm Cattle that monitor both movement and health, Electronics for converting Electric Power meter into a Smart Power meter, Employee Safety and Identity Solutions, Bluetooth Low Energy Modules that can be used across various white goods and projects, etc.
A comprehensive suite of innovative technology allows them to attract new customers and expand existing customer relationships.
They are a fully integrated end-to-end integrated solution provider and original equipment manufacturers (“OEMs”) with capabilities ranging from global sourcing, manufacturing, quality testing, packaging, and logistics.
They are an innovation-driven company with a strong focus on research and development (“R&D”), which allows them to develop new products suited to customer requirements and helping them to stay ahead of the curve. We develop and design products in-house at their own R&D unit. We manufacture and supply these products to customers globally who in turn distribute these products under their own brands
CWD IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||
| 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 775.55 | 422.78 |
| *Total Revenue | 341.21 | 302.96 |
| Total Expense | 256.60 | 251.82 |
| Profit After Tax | 84.62 | 51.14 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 5.15 | 17.42 |
Further, their PAT for the period ended on March 31, 2021, and March 31, 2020, were Rs. 84.62 Lakh, and Rs. 51.14 Lakh respectively.
CWD IPO – Promoters
The Promoter of this company is:
- Mr. S. Siddhartha Xavier
- Mr. Tejas Kothari
List of Related Parties (Key Managerial Personnel)
- S. Siddhartha Xavier, Jt. Managing Director
- Tejas Kothari, Jt. Managing Director
- S. Aditya Xavier, Whole Time Director
- Amishi Kothari, Non-Executive Director
- Rahul Dayama, Non-Executive Independent Director
- Pravin Kharwa, Non-Executive Independent Director
CWD IPO – Promoters Holding
- Pre Issue Share Holding – 100.00%
- Pos Issue Share Holding – 72.29%
CWD IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 10,00,800 Equity Shares aggregating up to Rs.1,801 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 50,400 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 9,50,400 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 4,75,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 4,75,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 27,60,600 Equity Shares |
| Equity Shares outstanding after the Issue | 36,11,400 Equity Shares |
CWD IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Security Deposit towards the acquisition of Registered Office on a long term lease basis
2. Funding Working Capital requirements
3. General Corporate Purpose
CWD IPO – Business Strategy
- Capitalize growth demand in the Industry they serve
- Continually improve their research and design capabilities in order to focus on advanced technology, high value-add products
- Improving operational efficiencies
- Pursue strategic investment and acquisition opportunities
CWD IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- End to an end solutions provider with dedicated research and development capabilities
- Experienced Promoters and Management Expertise
- Wide range of Products and services
- Strong research and development and technological capabilities
- Scalable Business Model
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 4.12 | 106.52 | 3.85 |
| 31-Mar-20 | 8.97 | (10.53) | – |
| Mar-19 | (123.75) | (17.11) | – |
CWD IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| CWD Limited | 10 | [●] | 4.12 | 106.52 | 341.21 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
CWD IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Mr. Vimal Maniyar/ Ms. Hiral Motani SEBI Registration No. INM000011344 |
CWD IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES PRIVATE LIMITED (Formerly known as “Karvy Fintech Private Limited”) Selenium, Tower-B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032. Tel No.: +91 – 40 – 6716 2222 Email: cwdin.ipo@kfintech.com; Website: www.kfintech.com Investor Grievance Email: cinward.ris@kfintech.com Contact Person: Mr. M. Murali Krishna SEBI Registration No.: INR000000221 |
CWD IPO – Other Details
- Statutory Auditor – M/s. Shah Shroff & Associates, Chartered Accountants
- Legal Counsel to the Company – M/S. ABDUS SAMEE ABDUL QADIR MANIYAR
- Bankers to the Company – NA
CWD IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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CWD IPO Review FAQs
Ques – What is the Issue Size of CWD IPO?
Answer – The Company is making an initial public offer of 10,00,800 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of CWD IPO?
Answer – The price band for this particular IPO ranges between Rs 180. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the CWD IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 30, 2021, while the closing date is set at Oct 5, 2021.
Ques – What is the CWD IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 8, 2021, refund initiation is on Oct 11, 2021, credit of shares is on Oct 12, 2021, and share listing date is on Oct 13, 2021.
Ques – What is the CWD IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Oct 13, 2021. The date, when the listing would be done, is stagnant on Oct 13, 2021.
Ques – Who is the Registrar of CWD IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of CWD IPO?
Answer – Here are the promoters of this IPO – Mr. S. Siddhartha Xavier and Mr. Tejas Kothari. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of CWD IPO?
Answer – We have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is CWD IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of CWD Company?
Answer – We have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 84.62, and 2020 is 51.14.
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