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Wonder Fibromats IPO Review, Issue Details, Analysis

Wonder Fibromats IPO Review pic

Wonder Fibromats Limited is engaged in manufacturing, supplying, and also designing motors. They have also spread their root in the field of home appliances, energy-efficient fans, and allied equipment. This is a Delhi-based company. This article contains details like Wonder Fibromats IPO Review, issue details, analysis.

Wonder Fibromats Issue Details :

  • IPO Opens on – July 22, 2019.
  • IPO Closes on – July 24, 2019.
  • Face Value – Rs. 10 Per Equity Share.
  • Issue Price – Rs. 90 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Market Lot – 1600 Shares.
  • Minimum Order Quantity – 1600 Shares.
  • Issue Size – 2,224,000 Equity Shares of Rs. 10 (aggregating up to Rs. 20.02 Cr).
  • Listing Exchange – BSE SME Exchange.
  • DRHP – Click Here

Objectives of the issue of the Company :

  • The objective of the issue is financing the Expenditure towards Acquisition of Land, Site Development and Other Civil Work of this company.
  • It is also to Acquire the Plant and Machinery of Wonder Fibromats Limited.
  • To part finance the requirement of Incremental Working Capital of this company.
  • As they want to meet General corporate purposes of Wonder Fibromats Limited.
  • To meet the expenses of the Issue of this company.

About The Wonder Fibromats IPO –

  • Wonder Fibromats Limited was incorporated on October 2009.
  • This company manufactures and supplies products to many well-known companies. After that thoes products distribute under their brand name.
  • Wonder Fibromats Limited also has an in-house quality management lab as well as a professional R&D team to maintain quality and market requirements.
  • The company has also formed an quality check department. Under the supervision of this company’s quality check (QC) department, a client-satisfaction cell reviews the clients’ complaints.
  • The main business of Wonder Fibromats Limited is to manufacture exhaust, ceiling, pedestal and brushless DC (BLDC) fans. To attract buyers they provide therir product in different attractive patterns, color and designs.
  • Some of the products of this company also qualify for the quality standards of the Bureau of Indian Standards.
  • Wonder Fibromats Limited has a manufacturing facility located at Raipur Industrial Area in Uttarakhand.
  • This company is also setting up a new manufacturing plant. The aim of the company is to manifacture 24,00,000 fans per annum production capacity in Hyderabad.
  • Wonder Fibromats Limited is supplying to India’s biggest brands also.
  • This company makes ceiling fans, heavy-duty exhaust fans, light-duty exhaust fans, and also farata fans.
  • Wonder Fibromats Limited also make critical components in their factories for better control over quality.

LOCATION :

Address – New Delhi, India – HQ,
45, Okhla Industrial Estate,
Phase-III, New Delhi-110020.

Phone : + (91) – 11-66058952
Email: [email protected]

Factory –
Khasra no. 105-106,
Raipur Industrial Area, Bhagwanpur,
Roorkee, Uttarakhand

The promoter of Wonder Fibromats Limited :

  • Mr. Harsh Kumar Anand, aged 68 years, is one of the Promoter and Managing Director of this Company.
  • Mr. Yogesh Anand, aged 64 years, is Executive Director and Promoter of this Company.
  • Mr. Yogesh Sahni, aged 60 years, is Executive Director and Promoter of this company.

The Board of Directors of Wonder Fibromats IPO :

  • Mr. Harsh Kumar Anand, aged 68 years, is the Promoter and Managing Director of this company.
  • Mr. Yogesh Anand, aged 64 years, is Executive Director and Promoter of this company.
  • Mr. Yogesh Sahni, aged 60 years, is Executive Director and one of the Promoters of this company.
  • Mr. Rohit Anand, aged 41 years, is one of the Executive Director of this Company.
  • Mr. Karan Anand, aged 33 years, is an Executive Director of the Company.
  • Mr. Jatin Anand, aged 35 years, is Executive Director of this Company.
  • Mr. Siddhant Sahni, aged 30 years, is Executive Director of the Company.
  • Mrs. Neerja Sahni, aged 60 years, is Executive Director of this Company.
  • Mr. Praveen Chand Khanna, aged 59 years, is an Independent Director of this Company.
  • Mr. Jugal Kishore Chugh, aged 73 years, is an Independent Director of this Company.
  • Mr. Sunil Malhotra, aged 59 years, is an Independent Director of this Company.
  • Mr. Amarbir Singh Bhatia, aged 68 years, is an Independent Director of this Company.

Competitive Strengths of Wonder Fibromats Limited :

  • The main competitive strength of Wonder Fibromats Limited is its strong relationships with a diverse top-tier customer base.
  • Experienced Promoters and seasoned management team are another strength of this company.
  • Quality Assurance and Standards and one of the strengths of Wonder Fibromats Limited.
  • End to an end solutions provider with dedicated research and development capabilities of this company.
  • Research and development are the strength of Wonder Fibromats Limited.
  • Sourcing is the competitive strength of this company.
  • Backward integration is the strength of Wonder Fibromats Limited.
  • Flexible and cost-effective manufacturing capabilities of this company.

Business strategies of this company :

  • The company continue to focus on the Original Design Manufacturer (“ODM”) model of this company.
  • Though their portpholio was strong enough but still they continued strengthen the existing product portfolio and also the diversify. Especially into products with attractive growth and profitability prospect of Wonder Fibromats Limited.
  • The business strategy of this company was very easy but effective at the same time. The company is expanding their existing relationships with customers into other product verticals.
  • Continue to strive for cost leadership of Wonder Fibromats Limited.

Company Financials :

Wonder-Fibromats-IPO-Review

Wonder Fibromats IPO Review

The above financial details contain the previous profit-loss statement of the company. It states that in the financial year 2019, the company has gained a moderate level of profit. Over the years, FY18 has had a minimum profit. Now, have a look at the company prospectus which reflects the fundamental ratios of the company. Basic earnings per share (EPS) was 9.98. Based on the EPS, the price-to-earnings ratio is 9.02. RoNW (Return on Net Worth) and NAV/Share were 30.67 and 32.53 respectively. Therefore, based on our analysis, Wonder Fibromats IPO Review carries a NEGATIVE view. Investors may apply but at their own risk.

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