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Wealth First Portfolio Managers Ltd (WFPM) is a one stop financial services provider for various types of financial products available in Indian market. Its product portfolio provides right mix of financial assets that suits financial goal in short and long term depending on client's perception and need. WFPM offers in depth research for products that delivers compatible performance in terms of yield as well as it make sure that investments stays secure over the period, though market risk is always there which are beyond company's control.
The company offers various financial instruments according to risk appetite and holding period of client that includes Government Bonds & Securities, Direct Equity, Cash Management Services, Derivative products, Mutual Funds, Insurance products, Commodities, REITS and Market Making Services. It is registered with BSE Limited and National Stock Exchange of India Limited as its member. WFPM is also registered with CDSL as Depositary Participants. Major part of its revenue comes from sale & purchase of taxable & tax-free bonds and brokerages & Commission from Mutual fund distribution business.
Company intend to utilize the proceeds of the Fresh Issue, in the manner set forth below:
1. Augmenting long term working Capital for Bond market operations
2. Technology Upgrade
3. Expansion of our domestic operations for mutual fund distribution business
4. Issue Related Expenditure
5. General Corporate Purpose
| IPO Date | Mar 10, 2016 to Mar 18, 2016 |
| Listing Date | Mar 30, 2016 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,680,000 shares (aggregating up to ₹8.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
The Wealth First NSE SME IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| Lot Size Calculator | |||
[Dilip Davda]
As Mutual Fund distribution segment is controlled by SEBI with stricter norms and the stock market is in bad shape, one may give this issue a miss being aggressively priced.
Read detail review...
| Listing Date | Mar 30, 2016 |
| BSE Script Code | |
| NSE Symbol | WEALTH |
| ISIN | INE658T01017 |
| IPO Price | ₹50 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹50.00 |
| ₹52.00 |
| ₹45.00 |
| ₹52.00 |
| ₹51.50 |
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Wealth First NSE SME IPO is a SME IPO of 1,680,000 equity shares of the face value of ₹10 aggregating up to ₹8.40 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000 Shares.
The IPO opens on Mar 10, 2016, and closes on Mar 18, 2016.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Wealth First NSE SME IPO opens on Mar 10, 2016 and closes on Mar 18, 2016.
Wealth First NSE SME IPO lot size is 3000 Shares and the minimum order quantity is .
You can apply in Wealth First NSE SME 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 Wealth First NSE SME IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Wealth First NSE SME IPO allotment status.
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RHP
THAT means i got full allotment of 810 shares in one application only i don''t understand the process of allotment can anyone explain what is the process of allotment now a days.