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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 ₹105.00 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). The minimum lot size investment for 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 Date | August 18, 2020 to August 20, 2020 |
| Listing Date | August 28, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,33,200 shares (aggregating up to ₹4.55 Cr) |
| Reserved for Market Maker | 22,800 shares Nidhi Broking Services Pvt.Ltd. (aggregating up to ₹0.2394 Cr) |
| Net Offered to Public | 4,10,400 shares (aggregating up to ₹4.31 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 11,69,112 shares |
| Share Holding Post Issue | 16,02,312 shares |
Hippo Cabs IPO offers total 4,33,200 shares. Out of which 2,05,200 (47.37%) allocated to NII, 2,05,200 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 22,800 (5.26%) |
| NII (HNI) Shares Offered | 2,05,200 (47.37%) |
| Retail Shares Offered | 2,05,200 (47.37%) |
| Total Shares Offered | 4,33,200 (100.00%) |
Trekkingtoes.com IPO opens on August 18, 2020, and closes on August 20, 2020.
| IPO Open Date | Tue, Aug 18, 2020 |
| IPO Close Date | Thu, Aug 20, 2020 |
| Tentative Allotment | Tue, Aug 25, 2020 |
| Initiation of Refunds | Wed, Aug 26, 2020 |
| Credit of Shares to Demat | Thu, Aug 27, 2020 |
| Tentative Listing Date | Fri, Aug 28, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 20, 2020 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (Rs in Lakhs) | |||
|---|---|---|---|---|
| 31-March-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 142.67 | 51.89 | 40.30 | |
| Total Revenue | 269.79 | 484.11 | 316.67 | |
| Profit After Tax | 2.52 | (106.88) | (43.64) | |
The Company Trekkingtoes.com IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Asking price does not match financial performance. Based on EPS and P/BV parameters, issue is exorbitantly priced. TCL is operating in a highly competitive segment with giants like Ola, Uber, Meru etc. Unorganized players are the major threats for this company. There is no harm in giving this issue a miss. Read detail review...
| Listing Date | August 28, 2020 |
| BSE Script Code | 543222 |
| NSE Symbol | |
| ISIN | INE0DG401010 |
| Final Issue Price | ₹105 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹105.00 |
| Low | ₹99.75 |
| High | ₹105.00 |
| Last Trade | ₹99.75 |
Trekkingtoes.com Ltd.
236, Mahaveer Nagar 1st
Durgapura
Tonk Road
Jaipur, Rajasthan, 302018
Phone: +91 9610449969
Email: compliance@hippocabs.com
Website: https://hippocabs.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: hippocabs.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Trekkingtoes.com IPO is a SME IPO of 4,33,200 equity shares of the face value of ₹10 aggregating up to ₹4.55 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on August 18, 2020, and closes on August 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 August 18, 2020 and closes on August 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 Thursday, August 27, 2020. Check the Trekkingtoes.com IPO allotment status.
The Trekkingtoes.com IPO listing date is on Friday, August 28, 2020.
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