Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Tue, Aug 18, 2020 - Thu, Aug 20, 2020
Trekkingtoes.com IPO is a fixed price issue of ₹4.55 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹4.55 crore.
Trekkingtoes.com IPO bidding started from Aug 18, 2020 and ended on Aug 20, 2020. The allotment for Trekkingtoes.com IPO was finalized on Aug 25, 2020. The shares got listed on BSE SME on Aug 28, 2020.
Trekkingtoes.com IPO price is ₹105 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,52,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Nidhi Broking Services Pvt.Ltd..
Refer to Trekkingtoes.com IPO RHP for detailed Information.
IPO Open
Tue, Aug 18, 2020
IPO Close
Thu, Aug 20, 2020
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹16.82 Cr
| IPO Date | 18 to 20 Aug, 2020 |
| Listed on | Fri, Aug 28, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 4,33,200 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 22,800 shares Nidhi Broking Services Pvt.Ltd. (agg. up to ₹0.2394 Cr) |
| Fresh Issue (Ex Market Maker) | 4,10,400 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 4,10,400 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 11,69,112 shares |
| Share Holding Post Issue | 16,02,312 shares |
| BSE Script Code | 543222 |
| ISIN | INE0DG401010 |
Trekkingtoes.com IPO comprises a total issue size of 4,33,200 shares. The net offer to the public is 4,10,400 shares, after excluding 22,800 shares allotted on a firm basis. Of the Net offer 2,05,200 (50.00%) allocated to NII 2,05,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,05,200 | 50.00% | 47.37% |
| Retail Shares Offered | 2,05,200 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 22,800 | 5.26% | |
| Total Shares Offered | 4,33,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,26,000 |
| Retail (Max) | 1 | 1,200 | ₹1,26,000 |
| HNI (Min) | 2 | 2,400 | ₹2,52,000 |
Incorporated in 2012, Trekkingtoes.com Limited offers travel aggregator platform and cab rental services online. The customers can book the cabs through website (www.hippocabs.com), mobile app (HippoCabs) and call booking service.
It has more than 4000 registered vehicles and 1500 vendors for intercity services. The company provides route specific approach (enabling the client to pay only for one way and for drivers to have customers on both the sides) and dynamic pricing model across 200 cities in India.
The company is also engaged in offering Currency Conversion, Software Consultancy, and Data Base trading Services in India as well as international markets.
Competitive Strengths
1. Skilled and dedicated manpower
2. Stringent quality control process
3. A route specific approach for customer
4. Dynamic price algorithm
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Strategic initiatives and investments | 3.00 |
| 2 | Repayment and pre-payment of a portion of certain indebtedness availed by our company | 0.40 |
| 3 | General corporate purposes | 0.87 |
The Hippo Cabs IPO is subscribed 1.55 times on August 20, 2020 6:49:03 PM (Day 3). The public issue subscribed 2.8 times in the retail category, [.] times in the QIB category, and 0.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.29 | 2,05,200 | 60,000 |
| Retail | 2.8 | 2,05,200 | 5,74,800 |
| Total | 1.55 | 4,10,400 | 6,34,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees and reimbursements of Market Making fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.22 |
| 2 | Advertising and Marketing Expenses | 0.01 |
| 3 | Fees payable to the to the Regulators including stock exchange(s) | 0.03 |
| 4 | Printing & Stationery, Distribution, Postage, etc | 0.01 |
| 5 | Brokerage and selling commission | 0.01 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s fees etc.) | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹105.00 |
| Low | ₹99.75 |
| High | ₹105.00 |
| Last Trade | ₹99.75 |
Lead Manager Reports
Trekkingtoes.com IPO is a SME IPO of 4,33,200 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Aug 18, 2020, and closes on Thu, Aug 20, 2020.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Trekkingtoes.com IPO using UPI as a payment gateway. Zerodha customers can apply in Trekkingtoes.com IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Trekkingtoes.com IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Trekkingtoes.com IPO opens on Tue, Aug 18, 2020 and closes on Thu, Aug 20, 2020.
Trekkingtoes.com IPO lot size is 1200, and the minimum amount required for application is ₹1,26,000.
You can apply in Trekkingtoes.com IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Trekkingtoes.com IPO will be done on Tuesday, August 25, 2020, and the allotted shares will be credited to your demat account by Thu, Aug 27, 2020. Check the Trekkingtoes.com IPO allotment status.
The Trekkingtoes.com IPO listing date is on Fri, Aug 28, 2020.
