Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Wise Travel IPO is a book build issue of ₹94.68 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹94.68 crore.
Wise Travel IPO bidding started from Feb 12, 2024 and ended on Feb 14, 2024. The allotment for Wise Travel IPO was finalized on Feb 15, 2024. The shares got listed on NSE SME on Feb 19, 2024.
Wise Travel IPO price band is set at ₹147.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,40,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,94,000.
The issue includes a reservation of up to 49,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Beetal Financial & Computer Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Share India Securities Ltd..
Refer to Wise Travel IPO RHP for detailed Information.
| IPO Date | February 12, 2024 to February 14, 2024 |
| Listing Date | February 19, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹140 to ₹147 per share |
| Issue Price Final | ₹147 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,41,000 shares (aggregating up to ₹94.68 Cr) |
| Reserved for Market Maker | 4,38,000 shares Share India Securities Ltd. (aggregating up to ₹6.44 Cr) |
| Net Offered to Public | 60,03,000 shares (aggregating up to ₹88.24 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,73,70,837 shares |
| Share Holding Post Issue | 2,38,11,837 shares |
WTI Cabs IPO offers total 64,41,000 shares. Out of which 29,76,000 (46.20%) allocated to QIB, 11,91,000 (18.49%) allocated to QIB, 8,94,000 (13.88%) allocated to NII, 20,84,000 (32.36%) allocated to RII and 17,85,000 (27.71%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,38,000 (6.80%) |
| QIB Shares Offered | 29,76,000 (46.20%) |
| − Anchor Investor Shares Offered | 17,85,000 (27.71%) |
| − QIB (Ex. Anchor) Shares Offered | 11,91,000 (18.49%) |
| NII (HNI) Shares Offered | 8,94,000 (13.88%) |
| Retail Shares Offered | 20,84,000 (32.36%) |
| Employee Shares Offered | 49,000 (0.76%) |
| Total Shares Offered | 64,41,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Wise Travel IPO raises ₹26.24 crore from anchor investors. Wise Travel IPO Anchor bid date is February 9, 2024. Wise Travel IPO Anchor Investors list
| Bid Date | February 9, 2024 |
| Shares Offered | 17,85,000 |
| Anchor Portion Size (In Cr.) | 26.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 16, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 15, 2024 |
Wise Travel IPO opens on February 12, 2024, and closes on February 14, 2024.
| IPO Open Date | Mon, Feb 12, 2024 |
| IPO Close Date | Wed, Feb 14, 2024 |
| Tentative Allotment | Thu, Feb 15, 2024 |
| Initiation of Refunds | Fri, Feb 16, 2024 |
| Credit of Shares to Demat | Fri, Feb 16, 2024 |
| Tentative Listing Date | Mon, Feb 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 14, 2024 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,47,000 |
| Retail (Max) | 1 | 1,000 | ₹1,47,000 |
| HNI (Min) | 2 | 2,000 | ₹2,94,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2009, Wise Travel India Limited is a transport company that offers car rentals and transportation services. The company offer services across 130 cities in India.
The company offers a range of services including car rental, employee transportation, end-to-end employee transport solutions (MSP), flexible fixed/monthly rental plans, airport counters, fleet management, mobility services for MICE, cutting-edge mobility tech solutions, sustainable mobility, project mobility solutions, strategic consulting and advisory on mobility, and community commute.
WTI offers a variety of rental cars, including executive cars, luxury cars, coaches, SUVs, and sedans.
The company offer services in cities such as Delhi NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur and Kolkata. The client base of the company includes Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola American Express, Renault, LinkediN, Hitachi, Cheli, Sapient, Panasonic etc.
As of October 31, 2023, the company has 784 employees including directors on its payroll.
Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 13,427.82 | 12,161.21 | 6,002.64 | 5,271.17 |
| Total Income | 19,016.53 | 24,997.04 | 8,970.00 | 4,405.51 |
| Profit After Tax | 1,132.91 | 1,029.36 | 377.74 | 172.85 |
| Net Worth | 5,194.36 | 4,061.45 | 2,832.10 | 2,454.36 |
| Reserves and Surplus | 3,457.28 | 3,745.62 | 2,537.10 | 2,159.36 |
| Total Borrowing | 1,627.55 | 1,674.50 | 216.32 | 56.59 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Wise Travel IPO is ₹350.03 Cr.
| KPI | Values |
|---|---|
| ROE | 29.79% |
| ROCE | 22.90% |
| Debt/Equity | 0.65 |
| RoNW | 25.28% |
| Price to Book Value | 6.28 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.91 | 9.52 |
| P/E (x) | 24.81 | 15.45 |
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] 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. Read detail review...
| Listing Date | February 19, 2024 |
| BSE Script Code | |
| NSE Symbol | WTICAB |
| ISIN | INE623Y01011 |
| Final Issue Price | ₹147 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹147.00 |
| Open | ₹195.00 |
| Low | ₹195.00 |
| High | ₹204.75 |
| Last Trade | ₹204.75 |
Wise Travel India Ltd.
D-21, Corporate Park,
3rd Floor, Near Sector-8 Metro
Station, Sector-21, Dwarka
Delhi, New Delhi, 110075
Phone: +91-11-45434542
Email: cs@wti.co.in
Website: https://www.wticabs.com/
Beetal Financial & Computer Services Pvt.Ltd.
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
Wise Travel IPO is a SME IPO of 64,41,000 equity shares of the face value of ₹10 aggregating up to ₹94.68 Crores. The issue is priced at ₹147 per share. The minimum order quantity is 1000.
The IPO opens on February 12, 2024, and closes on February 14, 2024.
Beetal Financial & Computer Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Wise Travel IPO using UPI as a payment gateway. Zerodha customers can apply in Wise Travel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Wise Travel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Wise Travel IPO opens on February 12, 2024 and closes on February 14, 2024.
Wise Travel IPO lot size is 1000, and the minimum amount required for application is ₹1,47,000.
You can apply in Wise Travel 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 Wise Travel IPO will be done on Thursday, February 15, 2024, and the allotted shares will be credited to your demat account by Friday, February 16, 2024. Check the Wise Travel IPO allotment status.
The Wise Travel IPO listing date is on Monday, February 19, 2024.
Useful Articles
RHP