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.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Augmenting long term Working Capital for Bond market operations | ₹6 |
| 2 Technology Upgrade | ₹1 |
| 3 Expansion of our domestic operations for mutual fund distribution business | ₹1 |
| 4 Issue Related Expenditure | ₹1 |
| 5 General Corporate Purpose | ₹1 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 798,000 (48%) | — |
| Retail (RII) | — | 798,000 (48%) | — |
| Market Maker | — | 84,000 (5%) | — |
| Total | — | 1,680,000 (100%) | — |
* Amount calculated at upper price band (₹50) · ** Total includes all investor categories
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 48%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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