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01 Sep, 2024

Naturewings Holidays Limited IPO And Its GMP

Naturewings Holidays Limited is a tourism company with the primary focus being the entire Himalayan destination across India, Nepal and Bhutan. They offer specialized and curated holiday packages for leisure travelers visiting the Himalayan ranges and they also offer end-to-end travel solutions including land and air bookings, hotel bookings, in-transit arrangements, local sightseeing and other destination management services.

The company designs travel packages for both individuals and groups traveling to Himalayan destinations. Naturewings Holidays Limited is one of the Indian companies that is registered with the Tourism Council of Bhutan, through our representative. They recently started their international division to offer their services on international destinations. Besides, the company also started providing value-added services such as travel-related foreign exchange & payment solutions.

Book Running Lead Manager: Fedex Securities Pvt Ltd
Registrar: Bigshare Services Pvt Ltd
Market Maker: Pure Broking

Naturewings Holidays IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Company & Financials

Incorporated in December 2018, Naturewings Holidays Limited is a tour company that offers holiday packages for leisure travelers visiting the Himalayan ranges. The company mainly focuses on regions such as India, Nepal and Bhutan. The company provides comprehensive travel solutions, including land and air bookings, hotel reservations, in-transit arrangements, local sightseeing, and destination management services. It caters to individuals and groups visiting Himalayan destinations and has recently launched an international division to extend its services to global destinations. As of March 31, 2024, Naturewings Holidays has access to over 750 hotels in the Himalayan Ranges and various international destinations. As of March 31, 2024, the company had served approximately 7,163 packages to over 33,065 travelers on a cumulative basis. As of March 31, 2024, the company had more than 100 travel agents registered with them in most major cities in India. The company's network of travel agents has helped it expand its presence and distribution network in India. The company launched its international packages in March 2022. Since then, it has served 54 holiday packages to the following destinations: Indonesia, Thailand, Egypt, Kenya, Sri Lanka, Vietnam, Singapore and the Maldives.

Objectives of Naturewings Holidays IPO

The company proposes to utilize the Net Proceeds from the Issue towards the following objectives:

1. Meeting working capital requirements.
2. Marketing and Business Promotions.
3. General corporate purposes.

Naturewings Holidays IPO Review

The company is engaged in providing tour-related services for Himalayan Destinations and has recently added International Destinations. It has posted steady growth in its financial performance for the reported periods. However, its spending for IPO and small equity post-IPO raises some concerns. Well-informed investors may park funds for the medium to long term.

Naturewings Holidays Limited IPO And Its GMP

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.