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Wise Travel India Limited IPO
WTi provides integrated people transportation with the objective of providing best in class quality of 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 objective behind the venture is to have Presence across the value chain through services in the corporate people transportation which includes Car Rental Services, Employee Transportation Services, Car Leasing, Coach Rentals, Technology, and Mobility Solutions. They have been growing across the nation since 2010.
Today WTi cabs is one of the largest & fastest growing people transportation companies in the country. WTI Cabs IPO is a book built issue of Rs 94.68 crores. The issue is entirely a fresh issue of 64.41 lakh shares. WTI Cabs IPO price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. Share India Capital Services Private Limited is the book running lead manager of the WTI Cabs IPO, while Beetal Financial & Computer Services (P) Limited is the registrar for the issue. The market maker for WTI Cabs IPO is Share India Securities.
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.
Wise Travel India Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Wise Travel India Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 12, 2024 to February 14, 2024 |
| Listing Date | February 19, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹147 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,441,000 shares (aggregating up to ₹94.68 Cr) |
| Fresh Issue | 6,441,000 shares (aggregating up to ₹94.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,370,837 |
| Share holding post issue | 23,811,837 |
| Market Maker portion | 438,000 shares |
Wise Travel India Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Wise Travel India Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
Wise Travel India Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 95.63% |
| Share Holding Post Issue | 69.76% |
Competitive Strength:
- -
Wise Travel India Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 13,427.82 | 19,016.53 | 1,132.91 | 5,194.36 | 1,627.55 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 12,161.21 | 24,997.04 | 1,029.36 | 4,061.45 | 1,674.50 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 6,002.64 | 8,970.00 | 377.74 | 2,832.10 | 216.32 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 5,271.17 | 4,405.51 | 172.85 | 2,454.36 | 56.59 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
Objectives of WTI Cabs IPO
The company intend to utilize the proceeds of the Issue to meet the following objectives:
- ● To Meet Working Capital Requirement
- ● General Corporate Purpose
- ● To Meet the Issue Expenses
WTI Cabs IPO Review
The company is a corporate transport and employees’ logistics provider operating on a B2B model. It has also opened its office in Dubai to offer services over there. The company marked growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Considering future prospects based on its financial parameters, investors may lap it p for medium to long term rewards.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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What Is the Size of the Wise Travel India IPO?
Wise Travel India Limited’s IPO consists of a fresh issue of 64, 41,000 lakh shares. The company seeks funds for working capital and general purposes.
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What Is the Price Band of the Wise Travel India IPO?
The company Wise Travel India’s IPO is going to issue shares at INR 140-147 per share.
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When will Wise Travel India Limited's IPO be allotted?
The Basis of Allotment will happen on Thursday, February 15, 2024.
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When will Wise Travel India Limited's IPO open for subscription?
The WTI Cabs IPO subscription window will open on Monday, February 12, 2024.
