Wonder Fibromats IPO – Review, Allotment, Subscription, GMP & DRHP

Wonder Fibromats Limited is engaged in the manufacturing of ceiling fans, exhaust, pedestal and brushless DC All the parts & components of the fans are tested stringently at the in-house quality management lab their flawless performance. 

Let’s have a detailed review of the company and analytics of the Wonder Fibromats IPO release date, IPO offer price, subscription, Wonder Fibromats IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Wonder Fibromats IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Wonder Fibromats IPO

Wonder Fibromats IPOThe Company is engaged in the manufacturing of ceiling fans, exhaust, pedestal and brushless DC All the parts & components of the fans are tested stringently at the in-house quality management lab their flawless performance. They are a fully integrated end-to-end product and solution suite to the original provide start to end solutions for fan sellers including sourcing, manufacturing, quality testing and packaging. Upto 22,51,200 Equity Shares having face value of Rs. 10.00 each at a price of Rs. [●] per Equity Share (including a share premium of Rs. [●] per Equity share) aggregating Rs. [●] lacs.

From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,

  • They have achieved CAGR of 59.97% in Total revenue of the Company of Rs. 29,486.85 Lacs in fiscal ended March 31, 2018 and in fiscal ended March 31, 2017, CAGR of 51.65% in Total revenue of the Company of Rs. 16564.89 Lacs. Similarly, they have achieved CAGR of 90.78% in Total 13741.19 Lacs in fiscal 2016.
  • The Net worth of the company as on March 31, 2018 is Rs. 1,362.77 Lacs as per Restated Financial Statement.
  • The other income mainly consist of interest income has been increased from Rs. 1.94 Lakhs to Rs. 115.63 Lakhs from the FY 2016-17 to FY 2017-18.
  • The profit after tax has been increased by 56.5% from Rs. 509.16 Lakhs in Financial Year 2016-17 to Rs. 797.30 Lakhs in financial year 2017-18. The profit after tax increased by 210.9% from Rs. 163.73 Lakhs in Financial Year 2015-16 to Rs. 509.16 Lakhs in financial year 2016-17 mainly due to increase in other expenses.

The Promoters of this company are Mr. Harsh Kumar Anand, Mr. Yogesh Anand and Mr. Yogesh Sahni. The lead manager to the issue is Navigant Corporate Advisors Limited and the Registrar to this issue is Karvy Computershare Private Limited.


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    Wonder Fibromats IPO Date

    The opening and the closing date of Wonder Fibromats Limited IPO is not known yet.


    Wonder Fibromats IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    Day 1 
    Day 2
    Day 3
    Day 4
    Day 5
    Shares Offered or Net Issue

    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


    Wonder Fibromats IPO Allotment Status

    Here, you can find the Allotment Status of this IPO.


    Wonder Fibromats IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


    Wonder Fibromats IPO Equity Share Offering

    U Upto 22,51,200 Equity Shares having face value of Rs. 10.00 each at a price of Rs. [●] per Equity Share (including a share premium of Rs. [●] per Equity share) aggregating Rs. [●] lacs.


    Wonder Fibromats Limited – Company Overview

    Wonder Fibromats Limited was originally incorporated at Delhi as “Wonder Fibromats Private Limited” on under the provisions of the Companies Act issued by the Registrar of T of Delhi & Haryana. Consequent upon the conversion of the Company name was changed to “Wonder Fibromats Limited” vide issued by the Registrar of Companies, Delhi.

    The Company is engaged in the manufacturing of ceiling fans, exhaust, pedestal and brushless DC All the parts & components of the fans are tested stringently at the in-house quality management lab their flawless performance. Moreover, various R&D activities are conducted by the professionals to remain abreast of the latest market requirements and competition. Apart from this, they have also set up a client by the quality check (QC) department that reviews the they manufacture and supply a wide range of ceiling, exhaust s and patterns, which are known for their high performance and low power consumption in the market.

    Their range of fans is available in different designs, colours and has superior gloss finishes that add grace to the decor of the surroundings. They also manufacture these fans known companies which are selling under their own brands in India. are manufactured in accordance with the strict industrial standards and these extra durable ceiling, are known for their features such as superior strength, fine finish, and make us manufacturers in India.

    Currently we have also started the following business activities:

    1. Trading of perfumed incense sticks
    2. Contract Farming
    3. Project- Agency (Sale, Marketing,) of Navigation Equipment and Maritime consultancy for aids to navigation in the state of Gujarat.
    4. Distribution Project of E-Vehicles
    5. Marketing arrangement for Terra Technologies and services

    The Company is promoted by Mr. Harsh Kumar Anand, Mr. Yogesh Anand and Mr. Yogesh Sahni and is the guiding force behind the growth and strategic decisions of the Company.

    Competitive Strengths of Wonder Fibromats Limited:

    • Strong relationships with a diverse top-tier customer base
    • Experienced Promoters and seasoned management team
    • Quality Assurance and Standards
    • End to end solutions provider with dedicated research and development capabilities
    •  Research and development
    • Sourcing
    • Backward integration
    • Flexible and cost-effective manufacturing capabilities

    Business strategies of Wonder Fibromats Limited:

    • Continue to focus on Original Design Manufacturer (“ODM”) model
    • Continue to strengthen the existing product portfolio and diversify into products with attractive growth and profitability prospect
    • Expand existing relationships with customers into other product verticals
    • Continue to strive for cost leadership

    Wonder Fibromats Limited – Financial Statements

    A quick look into the past financial performance of the company is to understand its performance of business and evaluate the growth prospectus.

    Financial Summary:

    Amount (in INR & Lakhs)
    31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets12,582.656,675.755,242.344,310.26911.08
    Total Revenue29,486.8516,564.8913,741.197,202.80
    Total Expense28,206.6315,518.4213,148.927,051.07
    Profit After Tax797.30509.16163.73(227.48)

    Earnings per Equity Share (in Lakhs)

    31-Mar-1831-Mar-1731-Mar-16
    Basic & Diluted38.8824.838.51

    From the above statements, one could find that the Wonder Fibromats Limited may perform well.


    Wonder Fibromats IPO – Promoters

    The Promoter of this company is:

    • Mr. Harsh Kumar Anand,
    • Mr. Yogesh Anand and
    • Mr. Yogesh Sahni 

    List of Related Parties (Key Managerial Personnel)

    • Mr. Yogesh Anand and
    • Mr. Yogesh Sahni 
    • Mr. Siddhant Sahni
    • Mr. Harsh Kumar Anand
    • Mr. Karan Anand
    • Mr. Rohit Anand

    Interest in promotion of the Company

    Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    Property Interest

    The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

    Interest in Intellectual Rights of the Company

    Promoters has not shown any interest in acquiring the intellectual rights of the company.


    Wonder Fibromats IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Issue of upto 22,51,200 Equity Shares having face value of Rs. 10.00 each at a price of Rs. [●] per Equity Share (including a share premium of Rs. [●] per Equity share) aggregating Rs. [●] lacs.
     Of which:
    Offer to Sale9,00,000 equity shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs.13/-per Equity share aggregating Rs. 117.00 Lakhs
     Reserved for Market Makers Upto 1,12,800 Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs. [●] per Equity Share aggregating Rs. [●]
    lacs
     Net Issue to the Public Upto 21,38,400 Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs. [●] per Equity Share aggregating Rs. [●]
    lacs
     Of which:
     Retail Investors Portion Not less than 10,69,200 Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs.[●] per Equity Share aggregating Rs. [●] lacs will be available for allocation to investors up to Rs. 2.00 Lacs
     Non-Retail Investors PortionNot less than 10,69,200 Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs.[●] per Equity Share aggregating Rs. [●] lacs will be available for allocation to investors above  Rs. 2.00 Lacs
     Equity Shares outstanding prior to the Issue61,51,500 Equity Shares of face value of Rs.10 each
     Equity Shares outstanding after the Issue84,02,700 Equity Shares of face value of Rs.10 each

    Wonder Fibromats IPO Issue Object

    These are the IPO Issue Objects of the company

    • Funding the Working Capital requirements of the Company.
    •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company.
    •  General Corporate Purposes.

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    Wonder Fibromats IPO – Basis of the 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:

    • Strong relationships with a diverse top-tier customer base
    • Experienced Promoters and seasoned management team
    • Quality Assurance and Standards
    • End to end solutions provider with dedicated research and development capabilities
    •  Research and development
    • Sourcing
    • Backward integration
    • Flexible and cost-effective manufacturing capabilities

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-168.51298.832.85
    31-Mar-1724.8390.5327.43
    31-Mar-1838.8858.5166.46
    •  Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [●] per Equity Share of Rs. 10 fully paid up.
    ParticularsP/E ratio
    Lowest[●]
    Highest[●]
    Average[●]
    • Competitive Peers:
    Sr. No. ParticularsFace Value  (in Rs.)EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
    1Wonder Fibromats
    Limited
    1038.88[●]58.5166.46
    2Bajaj Electricals Ltd
    (Standalone)
    28.1964.499.2892.49
    3Crompton Greaves
    Consumer Electricals
    Ltd. (Standalone)
    25.1542.1641.0112.6

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    Wonder Fibromats IPO Lead Managers

    Lead Managers
    NAVIGANT CORPORATE ADVISORS LIMITED
    423, A Wing, Bonanza,
    Sahar Plaza Complex,
    J B Nagar, Andheri Kurla Road,
    Andheri East, Mumbai-400 059
    Tel No. +91-22-41204837/49735078
    Email Id- navigant@navigantcorp.com
    Investor Grievance Email: info@navigantcorp.com
    Website: www.navigantcorp.com
    SEBI Registration Number: INM000012243
    Contact Person: Mr. Sarthak

    Wonder Fibromats IPO Registrar to offer

    Registrar to the Offer
    KARVY COMPUTERSHARE PRIVATE LIMITED
    Karvy Selenium Tower B, Plot 31-32,
    Gachibowli, Financial District,
    Nanakramguda, Hyderabad 500 032
    Tel : +91 40 6716 2222
    Fax : + 91 40 2343 1551
    Website: https://karisma.karvy.com
    E-mail: einward.ris@karvy.com
    Investor Grievance E-mail: wonderfibromats.ipo@karvy.com
    Contact Person : Mr. M Murali Krishna
    SEBI Registration : INR000000221

    Other Details:

    • Statutory Auditor –  M/s AYK & Associates, Chartered Accountants
    • Peer Review Auditor – M/s. Ramanand & Associates
    • Bankers to the Company –  Bank of India

    Wonder Fibromats IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

    Wonder Fibromats IPO Grey Market Premium

    The Wonder Fibromats IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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