Singapore Exchange · Industrials
Invest in World Precision Machinery stock from India
Indian and foreign residents can buy World Precision Machinery (B49) shares directly through Paasa.
By Paasa · Updated
World Precision Machinery at a glance
- Price
- S$0.06+S$0.00 (0.00%)
- Market cap
- S$25.60M
- Day range
- S$0.06 – S$0.06
- P/E
- —
- Dividend yield
- None
- Volume
- 4.20K
- 1 month
- -41.82%
- 6 months
- -56.16%
- YTD
- -60.25%
- 1 year
- -59.24%
- 5 years
- -81.71%
How to invest in World Precision Machinery from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to SGD when you buy.
Step 3
Search B49 and buy
Find World Precision Machinery by name or by its ticker, B49, and place your order.
Why invest in World Precision Machinery from India
What World Precision Machinery does
World Precision Machinery Limited, an investment holding company, manufactures and sells stamping machines and related metal components in Asia. Its products include high performance C-frame, C-frame inclined, and C-frame dual-pistons fixed stamping machines; and single point fixed bolster, C-frame fixed bolster, C-frame deep-throat fixed bolster, single point, closed type double-point, half straight-side two points, closed type single point, straight-side two point, and single action hydraulic presses, as well as computer numeric control laser cutting machines. World Precision Machinery operates in the Industrial - Machinery industry within the Industrials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy World Precision Machinery stock from India?
Yes. Indian residents and NRIs can buy World Precision Machinery (B49) shares directly through Paasa. World Precision Machinery is listed on the Singapore Exchange, in the Industrial - Machinery industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are World Precision Machinery dividends taxed for Indian investors?
World Precision Machinery trades on the Singapore Exchange but is domiciled in China, so any withholding on its dividends follows that country's rules rather than those of Singapore. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell World Precision Machinery shares?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the SGD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.