Fixed Price IPO | ₹8 Cr | Listed at NSE SME | Thu, Mar 10, 2016 - Fri, Mar 18, 2016
Wealth First Portfolio IPO is a fixed issue price of ₹8.42 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹8.42 crore.
Wealth First Portfolio IPO bidding started from Mar 10, 2016 and ended on Mar 18, 2016. The shares got listed on the NSE SME on Mar 30, 2016.
Wealth First Portfolio IPO is set final issue price at ₹50 per share. The lot size for an application is 3,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Innovate Securities Pvt.Ltd.
Refer to Wealth First Portfolio IPO RHP for detailed Information.
IPO Open
Thu, Mar 10, 2016
IPO Close
Fri, Mar 18, 2016
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹31.95 Cr
| IPO Date | 10 to 18 Mar, 2016 |
| Listed on | Wed, Mar 30, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 16,83,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 84,000 shares Innovate Securities Pvt.Ltd. (agg. up to ₹0.4200 Cr) |
| Fresh Issue (Ex Market Maker) | 15,99,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 15,99,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 47,10,000 shares |
| Share Holding Post Issue | 63,90,000 shares |
| NSE Symbol | 544536 WEALTH |
| ISIN | INE658T01017 |
Wealth First Portfolio IPO comprises a total issue size of 16,80,000 shares. The net offer to the public is 15,96,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,98,000 (50.00%) allocated to NII 7,98,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,98,000 | 50.00% | 47.50% |
| Retail Shares Offered | 7,98,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.00% | |
| Total Shares Offered | 16,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Wealth First Portfolio Managers Ltd (WFPM) is a one-stop financial services provider for various types of financial products available in the Indian market. Its product portfolio provides the right mix of financial assets that suits financial goals in the short and long term depending on the client's perception and need. WFPM offers in-depth research for products that deliver compatible performance in terms of yield as well as makes sure that investments stay secure over the period, though the market risk is always there which is beyond the company's control.
The company offers various financial instruments according to risk appetite and holding period of clients that include 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 a Depositary Participant. The major part of its revenue comes from the sale & purchase of taxable & tax-free bonds and brokerages & commissions from the Mutual fund distribution business.
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Blueblood Ventures Ltd. | SME | ₹7.04 Cr | ₹50 | null | ₹45.05 | -9.90% | (+0.00%) |
| Navigant Corporate Advisors Ltd. | SME | ₹1.19 Cr | ₹14 | null | ₹13.78 | -1.57% | ₹72.92 (-4.99%) |
| SSPN Finance Ltd. | SME | ₹1.50 Cr | ₹20 | null | ₹14.40 | -28.00% | ₹7.81 (-4.99%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting long term Working Capital for Bond market operations | 5.50 |
| 2 | Technology Upgrade | 1.00 |
| 3 | Expansion of our domestic operations for mutual fund distribution business | 0.50 |
| 4 | Issue Related Expenditure | 0.50 |
| 5 | General Corporate Purpose | 0.90 |
The Wealth First Portfolio IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 1.42 | 15,96,000 | 22,68,000 | 485 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.36 |
| 2 | Regulatory Fees & Other Expenses | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹52.00 |
| Low | ₹45.00 |
| High | ₹52.00 |
| Last Trade | ₹51.50 |
Lead Manager Reports
Wealth First Portfolio IPO is a SME IPO of 16,83,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Mar 10, 2016, and closes on Fri, Mar 18, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Wealth First Portfolio IPO using UPI as a payment gateway. Zerodha customers can apply in Wealth First Portfolio IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Wealth First Portfolio IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Wealth First Portfolio IPO opens on Thu, Mar 10, 2016 and closes on Fri, Mar 18, 2016.
Wealth First Portfolio IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Wealth First Portfolio IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Wealth First Portfolio IPO will be done on Wednesday, March 23, 2016, and the allotted shares will be credited to your demat account by . Check the Wealth First Portfolio IPO allotment status.
The Wealth First Portfolio IPO listing date is on Wed, Mar 30, 2016.
