03-Feb-2024
2 mins read
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Wise Travel India Limited (WTI Cabs) IPO 2024 is open for subscription from Monday, February 12, 2024 and will close on Wednesday, February 14, 2024. The price band is decided at Rs 140 to Rs 147 per share. The minimum lot size of this application for the retail category is 1000 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 2000 shares. The minimum amount of investment required for retail category investors is Rs 1,47,000 (147 x 1000 shares). However for HNI category the minimum investment amount is required Rs 2,94,000 (147 x 2000 shares). Wise Travel India Limited IPO 2024 is a book-built issue of Rs 94.68 crores. The issue is an entirely fresh issue of 64.41 lakh equity shares. The allotment for this IPO is expected to be finalized on Thursday, February 15, 2024. Wise Travel India Limited IPO will list on NSE SME and listing date fixed on Monday, February 19, 2024. The book running lead manager of Wise Travel India Private Limited is Share India Capital Services Private Limited. The registrar for this IPO is Beetal Financial and Computer Services Private Limited. The market maker for the Wise Travel India Limited IPO is Share India Securities.
About Wise Travel India Private Limited Company
Wise Travel India Private Limited (WTI Cabs) incorporated in 2009, it is a transport company that offers car rentals and transportation services. WTI provides integrated people transportation services with an objective of providing best class service with an unmatched network spanning in 130+ cities of India. The operations are carried out with a large fleet of on-road and robust technology platforms. The company offers a range of services including car rental, employee transportation, end-to-end employee transport solutions, flexible monthly/fixed rental plans, airport counters, fleet management, mobility services for MICE, cutting edge mobility tech solutions etc. WTICabs offers services in cities such as Delhi, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, Kolkata and Jaipur.
Objectives of Wise Travel India Private Limited (WTI Cabs) IPO 2024
Wise Travel India Private Limited coming up with the IPO which will help the company to raise funds from the public. The net proceeds from the issue will be utilized to meet the working capital requirements. Moreover, the general corporate purposes will also be fulfilled. Other than this the issue expenses will also be covered.
Financial Performance of Wise Travel India Private Limited
Company’s revenue increased by 178.67% and profit after tax increased by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 13,427.82 | 12,161.21 | 6,002.64 | 5,271.17 |
| Revenue | 19,016.53 | 24,997.04 | 8,970.00 | 4,405.51 |
| Profit After Tax | 1,132.91 | 1,029.36 | 377.74 | 172.85 |
| Net Worth | 5,194.36 | 4,061.45 | 2,832.10 | 2,454.36 |
| Reserves and Surplus | 3,457.28 | 3,745.62 | 2,537.10 | 2,159.36 |
| Total Borrowing | 1,627.55 | 1,674.50 | 216.32 | 56.59 |
| Amt in Lakhs |
Other Important Details of Wise Travel India Private Limited IPO
| IPO Date | February 12, 2024 to February 14, 2024 |
| Listing Date | 19-Feb-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs140 to Rs147 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,441,000 shares (amounting to Rs 94.68 Crore) |
| Fresh Issue | 6,441,000 shares (amounting to Rs 94.68 Crore) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 17,370,837 |
| Shareholding post issue | 23,811,837 |
| Market Maker portion | 438,000 shares |
| Share India Securities |
Lot Size of Wise Travel India Private Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | Rs 147,000 |
| Retail (Max) | 1 | 1000 | Rs 147,000 |
| HNI (Min) | 2 | 2,000 | Rs 294,000 |
IPO Reservation of Wise Travel India Private Limited
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Promoters of Wise Travel India Private Limited and Holdings
The promoters of the company are Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia.
| Shareholding Pre Issue | 95.63% |
| Shareholding Post Issue | 69.76% |
Time-Table of Wise Travel India Private Limited IPO 2024
| IPO Open Date | Monday, February 12, 2024 |
| IPO Close Date | Wednesday, February 14, 2024 |
| Basis of Allotment | Thursday, February 15, 2024 |
| Initiation of Refunds | Friday, February 16, 2024 |
| Credit of Shares to Demat | Friday, February 16, 2024 |
| Listing Date | Monday, February 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2024 |
Key Performance Indicator of Wise Travel India Private Limited IPO 2024
The market capitalization of Wise Travel India Private Limited Rs 350.03 crore.
| KPI | Values |
| ROE | 29.79% |
| ROCE | 22.90% |
| Debt/Equity | 0.65 |
| RoNW | 25.28% |
| P/BV | 6.28 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.91 | 9.52 |
| P/E (x) | 24.81 | 15.45 |
Lead Manager(s) of Wise Travel India Private Limited IPO 2024
The lead manager for Wise Travel India Private Limited IPO is Share India Capital Services Private Limited.
How to Apply for Wise Travel India Private Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Wise Travel India Private Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Wise Travel India Private Limited IPO 2024
The registrar for Wise Travel India Private Limited IPO is Beetal Financial and Computer Services Private Limited. To check your allotment status, please click on this link below http://www.beetalfinancial.in/BEETALFINANCIAL/ipo.aspx
FAQs
- What is Wise Travel India Private Limited IPO 2024?
Wise Travel India Private Limited IPO 2024 is a fixed price issue of Rs 26.66 crores. The issue is an entirely Fresh issue of 39.2 lakh equity shares. The price band is decided at Rs 68 per share. The minimum lot size of this application for the retail category is 2000 shares.
- Who are the lead managers for the Wise Travel India Private Limited IPO 2024?
Share India Capital Services Private Limited are appointed as the lead managers for the IPO.
- What is the role of Beetal Financial and Computer Services Private Limited in this IPO?
Beetal Financial and Computer Services Private Limited is the registrar for the Wise Travel India Private Limited handling the IPO’s administrative aspects.
- How can I apply for the Wise Travel India Private Limited IPO 2024?
The public subscription of this IPO will open on Monday, February 12, 2024. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The net proceeds from the issue will be utilized to meet the working capital requirements. Moreover, the general corporate purposes will also be fulfilled. Other than this the issue expenses will also be covered.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Wise Travel India Private Limited IPO 2024 by visiting http://www.beetalfinancial.in/BEETALFINANCIAL/ipo.aspx
- What is the financial performance of Wise Travel India Private Limited?
Company’s revenue increased by 178.67% and profit after tax increased by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.