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Home > IPO Details

Wise Travel India Limited

12 Feb 2024 - 14 Feb 2024 Individual Category SME IPO NSE

Min Investment

₹294000

Price Band

₹140-₹147

Issue Size

46.56 lakhs
Equity Shares

Lot Size

1000 (per lot)

IPO Dates
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12 Feb 2024

Open Date

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14 Feb 2024

Close Date

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15 Feb 2024

Allotment Date

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19 Feb 2024

Listing Date

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.

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About Wise Travel India Limited

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.

Founded

2009

Managing Director

Mr. Vivek Laroia

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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