CWD Limited IPO

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i. CWD stands for Connected Wireless Devices. The Company is an Information and Communication Technology (ICT) based company that designs, develops, manufactures, and sells integrated solutions combining the power of software and electronics. All products that are designed and developed in the company are focused on wireless technologies either on short-range radio technology like NFC, Bluetooth BLE, WiFi, Zigbee; mid-range systems like LORA, or long-range communication systems like 5G LTE, NB-IoT, LTE CAT M1, etc.

ii. CWD operates mainly through the segments of Consumer Electronics and Design and Development of Technology Solutions for various Enterprises and Businesses. The diversified product portfolio includes Smart Medical Consumer Electronics, Products for Vaccine Tracking and Delivery, Tracking devices for Farm Cattle that monitor both movement and health, Electronics for converting Electric Power meter into a Smart Power meter, Employee Safety and Identity Solutions, Electronics that once embedded provide Smart Lighting capabilities to enterprises and consumers reducing their costs, Bluetooth Low Energy Modules that can be used across various white goods and projects, etc. The comprehensive suite of innovative technology allows us to attract new customers and expand existing customer relationships.

iii. They are fully integrated end-to-end integrated solution provider and original equipment manufacturers (“OEMs”) with capabilities ranging from global sourcing, manufacturing, quality testing, packaging, and logistics.

Objects of the CWD Limited IPO:

The company is raising funds through Fresh issue and Offer for sale aggregating up to ₹2.70 cr. The company proposes to utilize the Net Proceeds 1. Security Deposit towards the acquisition of Registered Office on a long term lease basis 2. Funding Working Capital requirements 3. General Corporate Purpose

CWD Limited IPO Details:

Open Date: Sep 30 2021
Close Date: Oct 05 2021
Total Shares: 1,000,800
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 18.01 Cr.
Lot Size: 600 Shares
Issue Price: ₹ 180 Per Equity Share
Listing At: BSE SME

Promoters And Management:

i. Mr. S. Siddhartha Xavier, aged 42 years is Promoter and is designated as Jt. Managing Director and Chief Technician Officer of the Company. He was appointed on the Board of the Company upon incorporation i.e. w.e.f May 30, 2016. He has completed his Computer Science and Engineering from Bharathiar University, Coimbatore in the year 2000. Before becoming a director in the Company, he had worked with Reliance Communications and Global space Technologies limited. ii. Mr. Tejas Kothari, aged 49 years is Promoter and is designated as Jt. Managing Director and Chief Financial Officer of the Company. He was appointed on the Board of the Company upon incorporation i.e. w.e.f May 30, 2016. He has completed his Bachelor of Commerce from the University of Bombay in the year 1992. He is a successful entrepreneur with over 25 years of experience. iii. Mr. S. Aditya Xavier, aged 36 years is the Whole Time Director of the Company. He was appointed on the Board of the Company w.e.f December 31, 2020. He has completed his Computer Science and Engineering from Jawaharlal Nehru Technological University, Hyderabad in the year 2008.

Financials of CWD Limited IPO:

Particulars (in Lakhs) Mar 21 Mar 20
Revenue from operations 338.63 301.91
Purchase of stock 232.52 95.66
Changes in inventories -109.31 -3.87
Employee Benifit Expense 34.15 31.71
Other expenses 41.87 76.29
Operating Profit 139.4 102.12
OPM% 41.17% 33.82%
Other Income 2.58 1.05
Finance cost 38.49 43.84
Depreciation and amortization 18.89 8
Profit before tax 84.62 51.14
Profit for the year 141.67 51.44

Lead Manager of CWD Limited IPO:

  1. Aryaman Financial Services Limited

Registrar of CWD Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

CWD Limited 101, 1st Floor, Plot No. 439, Hasham Premji Building, Kalbadevi Road, Mumbai – 400 002 Phone: +91 - 90290 25141 Email: compliance@cwdin.com Websitehttp://www.cwdin.com/

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