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CWD Limited IPO (CWD Limited IPO) Detail

September 30, 2021 - October 5, 2021

CWD Limited IPO is a fixed price issue of Rs 18.01 crores. The issue is a combination of fresh issue of 8.51 lakh shares aggregating to Rs 15.31 crores and offer for sale of 1.5 lakh shares aggregating to Rs 2.70 crores.

CWD Limited IPO bidding started from September 30, 2021 and ended on October 5, 2021. The allotment for CWD Limited IPO was finalized on Friday, October 8, 2021. The shares got listed on BSE SME on October 13, 2021.

CWD Limited IPO price is ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000.

Aryaman Financial Services Limited is the book running lead manager of the CWD Limited IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to CWD Limited IPO RHP for detailed information.

CWD Limited IPO Details

IPO Date September 30, 2021 to October 5, 2021
Listing Date October 13, 2021
Face Value ₹10 per share
Price ₹180 per share
Lot Size 800 Shares
Total Issue Size1,000,800 shares
(aggregating up to ₹18.01 Cr)
Fresh Issue850,800 shares
(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
Market Maker portion50,400 shares

CWD Limited IPO Reservation

CWD Limited IPO offers 1,000,800 shares. 475,200 (47.48%) to NII, 475,200 (47.48%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered50,400 (5.04%)
Other Shares Offered475,200 (47.48%)
Retail Shares Offered475,200 (47.48%)
Total Shares Offered1,000,800 (100%)

CWD Limited IPO Timeline (Tentative Schedule)

CWD Limited IPO opens on September 30, 2021, and closes on October 5, 2021.

IPO Open Date Thursday, September 30, 2021
IPO Close Date Tuesday, October 5, 2021
Basis of Allotment Friday, October 8, 2021
Initiation of Refunds Monday, October 11, 2021
Credit of Shares to Demat Tuesday, October 12, 2021
Listing Date Wednesday, October 13, 2021
Cut-off time for UPI mandate confirmation 5 PM on October 5, 2021

CWD Limited IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

CWD Limited IPO Promoter Holding

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

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

About CWD Limited

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 (₹ 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 (CWD Limited IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  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 October 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)

CWD Limited IPO Prospectus

CWD Limited IPO Rating

Rating:Rated 3.9 stars
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CWD Limited IPO Listing Details

Listing Date October 13, 2021
BSE Script Code 543378
NSE Symbol
Final Issue Price ₹180 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

CWD Limited Contact Details

CWD Limited
101, 1st Floor,
Plot No. 439, Hasham Premji Building,
Kalbadevi Road, Mumbai – 400 002
Phone: +91 - 90290 25141

CWD Limited IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

CWD Limited IPO - Buy or Not

CWD Limited IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
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 September 30, 2021, and closes on October 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 September 30, 2021 and closes on October 5, 2021.

CWD Limited IPO lot size is 800 Shares, and the minimum amount required is ₹144,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



8. G J 😃 |   Link |  Bookmark |October 13, 2021 9:52:04 AM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Almost flat listing
7. lokes |   Link |  Bookmark |October 5, 2021 2:35:08 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ 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 |  Bookmark |October 5, 2021 3:52:35 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
@MRavi : ya....all the best to us :)
7.8. TSG |   Link |  Bookmark |October 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 |  Bookmark |October 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 |  Bookmark |October 2, 2021 8:03:50 PM
True, futuristic business but how they are going to execute it that matters.
5. IPO Electrifying |   Link |  Bookmark |October 2, 2021 5:32:26 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Highly overpriced, costly, avoid it.
4. VinIPO |   Link |  Bookmark |September 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 |  Bookmark |September 28, 2021 10:55:39 PM
Dear aniket sir apply or not this sme ipo
2. Bhandodi |   Link |  Bookmark |September 28, 2021 10:53:55 PM
Dear aniket sir apply or not this sme ipo
1. G J |   Link |  Bookmark |September 28, 2021 1:48:57 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
This IPO seems to be a good one from the list.
1.1. DHARMENDRA SHARMA |   Link |  Bookmark |October 12, 2021 10:15:42 PM
Top Contributor Top Contributor (500+ 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 🙏
1.2. G J 😃 |   Link |  Bookmark |October 13, 2021 9:50:53 AM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)

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.