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Watrana Rentals Ltd. has filed its Draft Red Herring Prospectus (DRHP) with the exchange on June 30, 2025 to raise funds through Initial Public Offer (IPO) and is currently under process. This indicates that the DRHP is under review by the exchange.
Watrana Rentals Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.36 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Watrana Rentals IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,10,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,00,10,000 shares |
| Share Holding Post Issue | 1,36,20,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jun 30, 2025 |
| Under Process | Fri, Jul 4, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated on November 19, 2019, Watrana Rentals Limited specializes in material and cargo handling equipment rentals, offering a fleet that includes forklifts (battery‑operated, diesel, gas), electric stackers, pallet trucks, speciality attachments (e.g., paper‑roll clamps, bale clamps, side shifters), and ground‑support gear.
The company is ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certified supplier of industrial Material Handling Equipment (“MHE”), offering solutions for various sectors in India.
The company's business can be segregated into the following:-
With over 304 rental sites across India, the company ensures extensive coverage and quick response to clients ' needs.
As of April 30, 2025, the company operates over 1441 MHE units, including diesel and electric forklifts, reach trucks, battery stackers, pallet trucks, order pickers, towing trucks, and more.
As of April 30, 2025, the company employed approximately 3,122 staff members, including operators, technicians, engineers, site supervisors, and support personnel.
Competitive Strength:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 183.35 | 147.69 | 95.98 | 50.44 |
| Total Income | 129.49 | 130.23 | 86.19 | 47.67 |
| Profit After Tax | 18.93 | 18.05 | 8.52 | 3.94 |
| EBITDA | 39.20 | 37.98 | 25.49 | 13.87 |
| Net Worth | 50.89 | 31.96 | 13.91 | 5.40 |
| Reserves and Surplus | 40.88 | 31.95 | 13.90 | 5.39 |
| Total Borrowing | 105.11 | 93.12 | 67.50 | 32.75 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 78.69% |
| ROCE | 18.06% |
| Debt/Equity | 2.91 |
| RoNW | 37.19 |
| PAT Margin | 13.87% |
| EBITDA Margin | 29.19% |
The Company Watrana Rentals 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 | Purchase of material handling equipment and batteries. | 99.67 |
| 2 | General corporate purposes |
Watrana Rentals Ltd.
B-2, Third Floor, Derawal Nagar
Near Model Town Metro Station,
Gujranwala Colony
North West Delhi, New Delhi, 110009
Phone: +91 9289100302
Email: cs@watranarentals.com
Website: https://watranarentals.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Watrana Rentals IPO is a SME IPO of 36,10,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Watrana Rentals IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Watrana Rentals IPO using UPI as a payment gateway. Zerodha customers can apply in Watrana Rentals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Watrana Rentals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Watrana Rentals IPO dates are not announced. Please check back again after some time.
Watrana Rentals IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Watrana Rentals 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 Watrana Rentals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Watrana Rentals IPO allotment status.
The Watrana Rentals IPO listing date is not yet announced. The tentative date of Watrana Rentals IPO listing is [.].
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