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CWD Limited IPO (CWD Limited IPO) Detail

Sep 30, 2021 - Oct 5, 2021

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 Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (β‚Ή in Millions)
31-Mar-21 31-Mar-20
Total Assets 77.55 42.27
Total Revenue 34.12 30.29
Profit After Tax 14.16 5.14

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.

CWD Limited IPO Details

CWD Limited IPO Date Sep 30, 2021 to Oct 5, 2021
CWD Limited IPO Face Value ₹10 per share
CWD Limited IPO Price ₹180 per share
CWD Limited IPO Lot Size 800 Shares
Issue Size1,000,800 shares of ₹10
(aggregating up to ₹18.01 Cr)
Fresh Issue850,800 shares of ₹10
(aggregating up to ₹15.31 Cr)
Offer for Sale150,000 shares of ₹10
(aggregating up to ₹2.70 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr. S. Siddhartha Xavier and Mr. Tejas Kothari are the company promoters.

CWD Limited IPO Timeline (Tentative Timetable)

CWD Limited IPO opens on Sep 30, 2021, and closes on Oct 5, 2021. The CWD Limited IPO bid date is from Sep 30, 2021 10.00 A.M. to Oct 5, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
CWD Limited IPO Opening Date Sep 30, 2021
CWD Limited IPO Closing Date Oct 5, 2021
Basis of Allotment Oct 8, 2021
Initiation of Refunds Oct 11, 2021
Credit of Shares to Demat Oct 12, 2021
CWD Limited IPO Listing Date Oct 13, 2021

CWD Limited IPO Lot Size

The CWD Limited IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹144,000).

Application Lots Shares Amount
Retail (Min) 1 800 ₹144,000
Retail (Max) 1 800 ₹144,000

CWD Limited IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 72.29%

CWD Limited IPO Review

The company is in the field of IT services for connected wireless devices. Its financial data is not in line with its asking price. The issue is aggressively priced based on FY21 consolidated earnings. Small equity base post IPO indicates the longer duration for migration to the mainboard. Investors may skip this highly-priced issue that is asking fancy market cap valuations. Read detail review...


CWD Limited IPO Subscription Status (Bidding Detail)

The CWD Limited IPO is subscribed 1.31 times on Oct 5, 2021 6:52:00 AM. The public issue subscribed 0.71 times in the retail category, times in the QIB category, and 1.91 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.91
Retail0.71
Total1.31

CWD Limited IPO Prospectus

CWD Limited IPO Rating

72
3.9
Rating:Rated 3.9 stars
Vote Here ...

CWD Limited IPO Listing Date

Listing Date Wednesday, October 13, 2021
BSE Script Code 543378
NSE Symbol
Listing In TS Group of Securities
ISIN INE0H8H01019
IPO Price ₹180 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹180.00
₹180.90
₹180.15
₹189.00
₹180.60

Company Contact Information

CWD Limited
101, 1st Floor,
Plot No. 439, Hasham Premji Building,
Kalbadevi Road, Mumbai – 400 002
Phone: +91 - 90290 25141
Email: compliance@cwdin.com
Website: http://www.cwdin.com/

CWD Limited IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: cwdin.ipo@kfintech.com
Website: https://karisma.kfintech.com/

CWD Limited IPO Review

CWD Limited IPO Recommendation Summary

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Members 0 0 0

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CWD Limited IPO FAQs

CWD Limited IPO is a SME IPO of 1,000,800 equity shares of the face value of ₹10 aggregating up to ₹18.01 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800 Shares.

The IPO opens on Sep 30, 2021, and closes on Oct 5, 2021.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in CWD Limited IPO using UPI as a payment gateway. Zerodha customers can apply in CWD Limited IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in CWD Limited IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'CWD Limited IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The CWD Limited IPO opens on Sep 30, 2021 and closes on Oct 5, 2021.

CWD Limited IPO lot size is 800 Shares and the minimum order quantity is .

You can apply in CWD Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for CWD Limited IPO will be done on Oct 8, 2021, and the allotted shares will be credited to your demat account by Oct 12, 2021. Check the CWD Limited IPO allotment status.

The CWD Limited IPO listing date is on Wednesday, October 13, 2021.
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CWD Limited IPO Message Board

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19 Comments

8. G J πŸ˜ƒ |   Link |Oct 13, 2021 9:52:04 AM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Almost flat listing
7. lokes |   Link |Oct 5, 2021 2:35:08 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
Not applying....high valuations of company at asking price, no profit data available more than 2 years, high lot size.... and less subscriptions....
7.7. lokes |   Link |Oct 5, 2021 3:52:35 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
@MRavi : ya....all the best to us :)
7.8. TSG |   Link |Oct 5, 2021 6:14:08 PM
@lokes sorry missed your msg in Markolin page just now saw it.Seems bigger hands r coming in may b at last fundamentals r catching up.
6. Agre |   Link |Oct 2, 2021 11:13:08 AM
Company into Chip provider for IoT & 5G technology.
They are in futuristic business, but I am not sure how well they can perform.
After semiconductor chip manufacturing in India this will surely will get a push.

who are company''s client/customer that would be great to know?
if anybody knows please let me know...
6.1. MintIndian |   Link |Oct 2, 2021 8:03:50 PM
True, futuristic business but how they are going to execute it that matters.
5. IPO Electrifying |   Link |Oct 2, 2021 5:32:26 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Highly overpriced, costly, avoid it.
4. VinIPO |   Link |Sep 29, 2021 7:17:32 PM
Company is operational since 2016. But they have posted financial data for only last 2 years.
3. Bhandodi |   Link |Sep 28, 2021 10:55:39 PM
Dear aniket sir apply or not this sme ipo
2. Bhandodi |   Link |Sep 28, 2021 10:53:55 PM
Dear aniket sir apply or not this sme ipo
1. G J |   Link |Sep 28, 2021 1:48:57 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
This IPO seems to be a good one from the list.
1.1. DHARMENDRA SHARMA |   Link |Oct 12, 2021 10:15:42 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Dear G J
Please advice It is Good to enter Bombay metrics at current market price.
Your calculation for entering prevest is very Good.
Please advice πŸ™
1.2. G J πŸ˜ƒ |   Link |Oct 13, 2021 9:50:53 AM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
@Dharmendra,

As per my understanding and suggestions from other experienced members,
You can, but it will be on upper circuit for some days, difficult to enter.

I was not allotted in Bombay Metrics (for 2 Retail application)
I also placed my buy order today at Market Price (108.35), not executed yet, seems difficult to get it today seeing Market Depth data.

You can try buying it, but not at very high level.
Thanks.