About the Company:
CWD Limited is an Information and Communication Technology (ICT) based company. (CWD stands for Connected Wireless Devices)
Company is registered as a start-up with DIPP bearing certificate No. DIPP1963, with a focus to provide innovative, cost-effective, and comprehensive solutions, products with strategic partnerships for best engineering and support and distribution of our products.
Company 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.
CWD operates mainly through the segments of Consumer Electronics and Design and Development of Technology Solutions for various Enterprises and Businesses.
Company’s 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,
Product portfolio also includes 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 company to attract new customers and expand existing customer relationships.
Company’s R&D capabilities:
Company has developed R&D capabilities that include electronics hardware designing, system architecture, mechanical and product designing, prototyping, and testing. Apart from undertaking designing, our company also assists our customers in cost reduction through product engineering.
Company’s subsidiaries:
To carry out businesses in different location within India and abroad, company has 3 subsidiaries namely:
- CWD Manufacturing Pvt. Ltd. (“CMPL”) having its registered office in Mumbai, India.
- CWD Innovations HK Limited (“CIHKL”) having its registered office in Hong Kong.
- SDG Global Private Limited (“SGPL”) having its registered office in Mumbai, India.
Business is divided into the following Business units:
Smart Connectivity Modules.
CWD designs and manufactures wireless modules such as BLE Modules, 5G NB-IOT Modules that can be embedded in products and making them connected. Few product examples where our modules are used are Connected Lights, Smart Meters etc.
Connected Products.
With strong know-how of wireless technologies and software development, several marquee customers engage with CWD to design, develop and manufacture products.
Electronics Design.
It involves the selection and interconnection of a physical device in a variety of topologies to meet the performance specification, environmental and power requirement, budget, operating life requirement and other design constraints with cellular, Wi-Fi, BLE and other types of connectivity.
Product Design.
It involves conceptualizing ideas and turning them into tangible inventions and products i.e., designing simplistic yet complex product designs covering mechanical, material & user interfaces.
Software Design.
It involves designing and development of feature rich applications for mobility platforms like Android, IOS & cloud platforms.
Management Team:
- Mr. S. Siddhartha Xavier (Designation: Jt. Managing Director)
- Mr. Tejas Kothari (Designation: Jt. Managing Director)
Objectives of the Issue:
Fresh Issue: (Rs.15.31 cr )
- Security Deposit towards acquisition of Registered Office on a long term lease basis.
- Funding Working Capital requirements.
- General Corporate Purpose.
Offer for Sale OFS: (Rs.2.7 cr)
- Company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders.
Peer Group Comparison:
We believe that there is no other listed company which is specifically comparable to CWD Limited w.r.t. company’s business model, size, and financials.
Financials of the Company:
| (in Crores) | FY 20 | FY 21 |
|---|---|---|
| Revenue | 3.02 | 3.41 |
| Net Profit | 0.51 | 1.41 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th September 2021 |
| Issue Closes on:. | 5th October 2021 |
| Issue Price | Rs.180 |
| Face Value | Rs.10 |
| Minimum Lot | 600 |
| Minimum Investment | Rs.1,08,000 |
| Issue Constitutes | 27.71% |
| Issue Size | Rs.18.01 cr |
| Market Cap | Rs.65 cr |
| Listing at | BSE Startups |
| Equity Shares Offered (Fresh) | 8,50,800 |
| Equity Shares Offered (OFS) | 1,50,000 |
| Total Equity Shares Offered (Fresh + OFS) | 10,00,800 |
| Equity Shares Prior to the Issue | 27,60,600 |
| Equity Shares after the issue | 36,11,400 |
Also Read : List of Upcoming IPO’s in India.
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 34.95 | 34.95 | 88.31% | 5.81 |
| Check IPO Allotment Status: |
|---|
KfinTech Website: http://kfintech/IPO/Allotment_StatusBSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| CWD Limited 101, 1st Floor, Plot No. 439, Hasham Premji Building, Kalbadevi Road, Mumbai – 400 002 Tel No: +91 – 90290 25141 Email: compliance@cwdin.com Website: www.cwdin.com |
| IPO Registrar Info: |
|---|
| KFIN TECHNOLOGIES PRIVATE LIMITED Selenium, Tower-B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032. Tel No.: +91 – 40 – 6716 2222 Email: cwdin.ipo@kfintech.com; Website: www.kfintech.com |
| Lead Manager to the Issue: |
|---|
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in |
