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.

Company Promoters:

The individual promoters of the company are:

1. Mr. Ashish Navnitlal Shah
2. Mrs. Hena Ashish Shah

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 DateMar 10, 2016 - Mar 18, 2016
Issue TypeFixed Price Issue IPO
Issue Size1,680,000 Eq Shares of ₹10
(aggregating up to ₹8.40 Cr)
Face Value₹10 Per Equity Share
IPO Price₹50 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME

Wealth First NSE SME IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹150,000
Maximum13000₹150,000

Wealth First NSE SME IPO Prospectus

Wealth First NSE SME IPO Rating

15
4.3
Rating:Rated 4.3 stars

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Wealth First NSE SME IPO Listing Date

Listing DateWednesday, March 30, 2016
BSE Script Code
NSE SymbolWEALTH
Listing In
ISININE658T01017
IPO Price₹50 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹50.00
Open:₹52.00
Low:₹45.00
High:₹52.00
Last Trade:₹51.50
Volume:81,000

Wealth First NSE SME IPO Reviews / Ratings

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/
Website: http://cs@wealthfirst.biz

Wealth First NSE SME IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Wealth First NSE SME IPO FAQs

  1. 1. What is Wealth First NSE SME IPO?

    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 price of the IPO is ₹50 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Wealth First NSE SME IPO will open?

    The Wealth First NSE SME IPO opens on Mar 10, 2016 and closes on Mar 18, 2016.

  3. 3. How to apply for Wealth First NSE SME IPO?

    Wealth First NSE SME IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Wealth First NSE SME IPO allotment?

    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.

  5. 5. When is Wealth First NSE SME IPO listing date?

    The Wealth First NSE SME IPO listing date is on Wednesday, March 30, 2016, at NSE SME.
  6. 6. What is the lot size of Wealth First NSE SME IPO?

    Wealth First NSE SME IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

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Wealth First NSE SME IPO Review / Comments

sandhyah
4. sandhyah  Apr 14, 2016 19:37
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.
Slowrocket
3. Slowrocket  Mar 19, 2016 11:23
Good luck to all those who subscribed
Slowrocket
2. Slowrocket  Mar 19, 2016 11:21
This company is the one who managed fourth dimension & hi tech pipes
Subscribed almost 2 times
Will generate good returns
saurabh khandelwal
1. saurabh khandelwal  Mar 6, 2016 16:28
No one is talking about this till now.. Sir, anybody is subscribing or not in this..
Septa
5.1. Septa  Mar 6, 2016 18:12
IPO Guru IPO Guru (3900+ Posts, 4400+ 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.






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