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About the Company :
Wardwizard is engaged in the business of manufacturing electric vehicles and smart technology-based electronic appliances.
Wardwizard’s flagship brand Joy e-bike peddled its way into the EV segment by first introducing electric bicycles in the year 2016. And within no time, they received great demand from the youth. This success further charged it to introduce low-speed two-wheelers like Gen Next, Glob, Wolf, and Monster, which didn’t require any license or registration to drive. These electric vehicles gained a tremendous amount of popularity amongst everyone right from 16 to 60 years.
Wardwizard inaugurated one of India’s largest electric two-wheelers plant; To generate 6,000 employment opportunities, which was virtually inaugurated by Shri Amit Shah, Hon’ble Minister for Home Affairs, Government of India. And to add towards its green initiative and thus to cater to the growing demand for high-speed e-bikes, it first introduced E-Monster in 2019 and later on Thunderbolt, Hurricane, Beast, and Skyline in the Jan 2021. Today, Wardwizard Innovations and Mobility Ltd, being a first-ever BSE listed company from the year 2020 in the EV manufacturing sector and having a current market capitalization of 1800 Cr, is sitting comfortably at the top of the food chain in the sunrise segment.
The company’s manufacturing plants can produce more than 4 lakhs units per year in full capacity in 3 shifts. The company has more than 2000+ dealership/distributors touchpoints across Pan India.
For more information about the company, click https://wardwizard.in/
Objects of the Rights Issue
i) For working capital purposes
Wardwizard Rights Issue Detail
Issue Open Feb 7, 2022 – Feb 21, 2022
Security Name Wardwizard Innovations and Mobility Limited
Issue Size (Shares) 0.60 Crores
Issue Size (Amount) Rs 48.89 Crores
Issue Price Rs82 per share
Face Value Rs 1 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE
Terms of Payment
50% of the Issue Price i.e. Rs. 41/- per Rights Equity Share shall be payable at the time of application and the balance of 50% of the Issue Price i.e. Rs. 41/- per Rights Equity Share shall be payable in one or more subsequent calls as determined by the Board from time to time.
Rights Issue Entitlement
3 Rights Equity Shares for every 2 fully paid-up Equity Shares held on the Record Date
Wardwizard Rights Issue Issue Timetable
Bid/Offer Opens On Feb 7, 2022
Bid/Offer Closes On Feb 21, 2022
Record Date Jan 22, 2022
Deemed Date of Allotment Feb 28, 2022
Renunciation of Rights Entitlements Feb 14, 2022
Registered office of the Company
Wardwizard Innovations and Mobility Limited
No. 401, Floor-4, 23/25,
Dhun Building Janmabhoomi, Marg, Horniman Circle,
Mumbai – 400001
Wardwizard Rights Issue Lead Manager(s)
Fedex Securities Limited
Ward Wizard Rights Issue Registrar
Purva Sharegistry India Pvt Ltd