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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 Opening Date Mar 10, 2016
IPO Closing Date Mar 18, 2016
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹50 per equity share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At NSE SME
Issue Size1,680,000 Eq Shares of ₹10
(aggregating up to ₹8.40 Cr)

Wealth First NSE SME IPO Lot Size

The Wealth First NSE SME IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹150,000
Maximum 1 3000 ₹150,000

Wealth First NSE SME IPO Prospectus

Wealth First NSE SME IPO Rating

15
4.3
Rating:Rated 4.3 stars
Vote Here ...

Wealth First NSE SME IPO Listing Date

Listing Date Wednesday, March 30, 2016
BSE Script Code
NSE Symbol WEALTH
Listing In
ISIN INE658T01017
IPO Price ₹50 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

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

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:

Wealth First NSE SME IPO Registrar

Bigshare Services Pvt Ltd

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

Wealth First NSE SME IPO Reviews / Ratings

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 equity 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 3000 Shares.

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, Edelweiss, 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 Wednesday, March 30, 2016.

Wealth First NSE SME IPO Message Board

Ranked Members  Ranked Members

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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.
3. Slowrocket |Mar 19, 2016 11:23
Good luck to all those who subscribed
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
1. saurabh khandelwal |Mar 6, 2016 16:28
No one is talking about this till now.. Sir, anybody is subscribing or not in this..
1.1. Septa |Mar 6, 2016 18:12
IPO Guru IPO Guru (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.