Wardwizard Rights Issue is scheduled on 7 – 21 February 2022.
Wardwizard’s flagship brand Joy E bike peddled its way into the EV segment by first introducing electric bicycles in the year 2016. The company further introduced low-speed two-wheelers like Gen Next, Glob, Wolf, and Monster, which didn’t require any license or registration to drive. Catering to the growing demand for high-speed e-bikes, the company first introduced E-Monster in 2019 and later on Thunderbolt, Hurricane, Beast, and Skyline in the Jan 2021. Joy E- Bikes is one of the leading brands in electric vehicle segment of 2 Wheelers with 9 different models varying from low-speed scooters to high-speed bikes. The company is the first-ever BSE listed company in the EV segment.
Wardwizard inaugurated one of India’s largest electric two-wheelers plant in January 2021 on a 3 acres plot at an investment of approximately INR45 crore. This unit generates employment opportunities for about 6,000 persons and has a production capacity of producing 1 lakh electric two wheelers in a single shift and 3 to 4 lakh units per year in 3 shifts.
Promoters of Wardwizard – Mr Yatin Sanjay Gupte, Wardwizard Solutions India Private Limited, Aevas Business Solutions Private Limited and Garuda Mart India Private Limited
Wardwizard Rights Issue Date, Size & Price
| Issue Date | 7 – 21 February 2022 |
| Issue Price | INR82 per share |
| Terms Of Payment | INR41 at the time of application INR41 on subsequent calls |
| Issue Size in Share | 59,62,373 shares |
| Issue size in INR | INR48.89 crore |
| Issue Entitlement | 1 per 43 equity shares held on record date |
| Face Value | INR1 per share |
| Listing On | BSE |
Wardwizard’s Financial Performance
| Â | FY2020 | FY2021 |
| Revenue | 4.92 | 3.02 |
| Expenses | 4.70 | 2.98 |
| Net income | 0.16 | 0.04 |
| Margin (%) | 3.25 | 1.32 |
Wardwizard Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Augmentation of Working Capital (INR36.90 Crore)
- General corporate purposes (INR11.48 Crore)
Wardwizard Rights Offer Documents
Wardwizard Rights Issue Timetable
| Record Date | 22 January 2022 |
| Credit of Rights Entitlements | 14 February 2022 |
| Issue Opening Date | 07 February 2022 |
| Last Date for Market Renunciation | 14 February 2022 |
| Issue Closing Date | 21 February 2022 |
Wardwizard Valuations & Margins
| FY2019 | FY2020 | FY2021 | |
| EPS | 4.33 | 10.38 | 41.98 |
| PE ratio | (0.03) | (0.04) | 0.09 |
| RONW (%) | (2.67) | (8.44) | 6.66 |
| ROCE (%) | – | – | – |
| EBITDA | (16.39) | (90.34) | 311.16 |
| Debt/Equity | – | – | |
| NAV per share | 0.15 | 0.22 | 0.64 |
Wardwizard Rights Issue Registrar
Purva Sharegistry (India) Pvt. Ltd.
Unit No. 9, Ground Floor, Shiv Shakti Industrial Estate, J. R.
Boricha Marg, Lower Parel East
Mumbai – 400011
Maharashtra
Phone: +91-22-2301 6761/ 8261
Email: [email protected]
Website: www.purvashare.com
Wardwizard Contact Details
Wardwizard Innovations and Mobility Limited
Survey 26/2
Opposite Pooja Farm, Sayajipura, Ajwa Road
Vadodara, Gujarat – 390019
Phone: +91 9727755083
Email:[email protected]
Website: www.wardwizard.in
Wardwizard Rights Offer FAQs
Record Date
22 January 2022
Credit of Rights Entitlements
14 February 2022
Issue Opening Date
07 February 2022
Last Date for Market Renunciation
14 February 2022
Issue Closing Date
21 February 2022
The issue price is INR82 per share.
The eligible shareholders are being offered 1 Equity Shares for every 43 existing share held by the eligible shareholder as on the Record date (22 Jan 2022).
The Record date is 22 January 2022.
The best way to apply in Wardwizard Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
