Naturewings Holidays IPO: Key Highlights of Upcoming IPO

• Naturewings Holidays IPO is a fixed price issue worth up to Rs 7.03 crores.
• Bidding opens on September 3 and closes on September 5, 2024.
• Naturewings Holidays SME IPO price set at Rs 74 per share.
• The minimum amount required for retail investors is Rs 1,18,400.

Naturewings Holidays IPO: Synopsis

Naturewings Holidays is open for subscription from Tuesday, September 3, 2024, and closes on Thursday, September 5, 2024. This IPO is a Fixed Price Issue type with a decided issue price of Rs 74 per share.

Naturewings Holidays IPO is offering entirely a fresh issue of 9.50 lakh of equity shares worth up to Rs 7.03 crore equity shares. The allotment for this new IPO is expected to be finalised on Friday, September 6, 2024. The listing of this IPO will be done on Tuesday, September 10, 2024, at the BSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 1600 shares. For retail investors, the minimum and maximum investment amount required is Rs 118,400. However, for the HNI category, the minimum lot size is 2 lots, i.e., 3200 shares amounting to Rs 236,800.

The IPO is managed by Fedex Securities Private Limited, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

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Naturewings Holidays Limited: About the Company

Naturewings Holidays Limited was incorporated in December 2018 to deal with holiday packages for leisure tourists to the Himalayas of India, Nepal, and Bhutan. It offers land and air bookings, hotel reservations, in-transit arrangements, local sightseeing, and destination management services from individual to group levels. Recently, Naturewings widened its portfolio with the launch of an international division, extending its services to global destinations.

As of March 31, 2024, the company had catered to more than 33,065 travellers through around 7,163 packages. Access to more than 750 hotels across the Himalayan region and at international locations continues to grow Naturewings' reach. The company also engages an adequate network of over 100 registered travel agents in major Indian cities to support its distribution network.

Naturewings Holidays IPO: Objectives

The company intends to utilise the funding raised by the public issue for various purposes including meeting working capital requirements, supporting marketing and business promotions, and addressing general corporate purposes.

Naturewings Holidays IPO: Other Important Details

Time Table of Naturewings Holidays IPO

Naturewings Holidays IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Naturewings Holidays Limited and Their Holdings

The company's promoters are Sandip Raha and Mousumi Raha. The promoter(s) collectively held 95.8% of the company's shares. However, post-IPO, their combined shareholding will be 67.53%.

FAQs

1.       What are the core details available for the Naturewings Holidays IPO?

Naturewings Holidays IPO is a fixed-price public issue of 9.50 lakh equity shares. This upcoming IPO is offering entirely a fresh issue of 9.50 lakh equity shares worth up to Rs 7.03 crores. The allotment for this new IPO is expected to be finalised on Friday, September 6, 2024.

2.       How can I apply for the Naturewings Holidays IPO?

The public subscription of this new IPO opens on September 3 and closes on September 5, 2024. Click here to initiate the application process.

3.       Who is the lead manager(s) for the Naturewings Holidays IPO?

Fedex Securities Private Limited was appointed as the book-running lead manager for the IPO.

4.       Who is appointed as the registrar for this IPO?

Bigshare Services Private Limited has been appointed as the registrar for this public issue.

5.       How will the net proceeds from the IPO be utilised?

The company intends to utilise the funding raised by the public issue for various purposes, including meeting working capital requirements, supporting marketing and business promotions, and addressing general corporate purposes.

6.       How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the Naturewings Holidays IPO by visiting here, for further updates, follow Bigul.

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