Wealth First Portfolio Managers Ltd IPO (Wealth First NSE SME IPO) Detail

Mar 10, 2016 - Mar 18, 2016

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.

Objects of the Issue

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

Wealth First NSE SME IPO Details

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 Size1,680,000 shares
(aggregating up to ₹8.40 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Wealth First NSE SME IPO Reservation

Wealth First NSE SME IPO Lot Size

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
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Wealth First NSE SME IPO Review (Avoid)

[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.

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Wealth First NSE SME IPO Prospectus

Wealth First NSE SME IPO Rating

Rating:Rated 4.3 stars
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Wealth First NSE SME IPO Listing Details

Listing Date Mar 30, 2016
BSE Script Code
ISIN INE658T01017
IPO Price ₹50 per share

Listing Day Trading Information

Price Details
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Company Contact Information

Wealth First Portfolio Managers Ltd
Capitol House, 10 Paras-II,
Near Campus Cornor, Prahalad Nagar,
Anand Nagar, Ahmedabad - 380051, Gujarat
Phone: 07940240000
Email: http://www.wealth-firstonline.com/

Wealth First NSE SME IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Wealth First NSE SME IPO Analysis

Wealth First NSE SME IPO Recommendation Summary

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Wealth First NSE SME IPO FAQs

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.

The Wealth First NSE SME IPO listing date is on Mar 30, 2016.
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Wealth First NSE SME IPO Message Board

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4. sandhyah |   Link |Apr 14, 2016 7:37:44 PM
their is some thing wrong i had applied for 810 shares and i god message from icici that my account has been debited with INR 89100.00 14 Apr. Info.EBA*PUR-EQUITAS HOLDINGS*201.

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.
3. Slowrocket |   Link |Mar 19, 2016 11:23:11 AM
Good luck to all those who subscribed
2. Slowrocket |   Link |Mar 19, 2016 11:21:44 AM
This company is the one who managed fourth dimension & hi tech pipes
Subscribed almost 2 times
Will generate good returns
1. saurabh khandelwal |   Link |Mar 6, 2016 4:28:48 PM
No one is talking about this till now.. Sir, anybody is subscribing or not in this..
1.1. Septa |   Link |Mar 6, 2016 6:12:10 PM (4000+ Posts, 4600+ Likes)
Avoid and reasoning is at issue price of Rs 50 and EPS of Rs 4.3, its P/E Ratio works out to be 11.6. Also based on last 3 years average EPS of Rs 2.32, P/E Ratio works out to be 21.5. So company is asking the issue price of Rs 50 in the P/E ratio of 11.6 to 21.5. However compare this with it peers looks cheap Its peers like Dynamic Portfolio Management & Services Ltd P/E ratio is 622.5 (Highest) and VLS Finance is 19.97 (Lowest). therefore the issue price of Rs 50 is reasonably priced.

However this industry is highly competitive so nothing exciting in this company IPO. and most important if you look at revenue year on year it is declining so why invest in company where Its revenues are in declining mode.Also its margin is wafer thin It generates around 1%. With stiff competition many competitors no bearer to entry IMO we could give it miss given minimum investment of 1.5 lakhs and SME list drawbacks i am stay away from this SME IPO.