Bookbuilding IPO | ₹95 Cr | Listed at NSE SME | Mon, Feb 12, 2024 - Wed, Feb 14, 2024
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 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,47,000 (1000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Feb 12, 2024
IPO Close
Wed, Feb 14, 2024
Issue Price
₹147 per share
Market Cap (Pre-IPO)
₹350.03 Cr
| IPO Date | 12 to 14 Feb, 2024 |
| Listed on | Mon, Feb 19, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹147 |
| Issue Price | ₹147 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,41,000 shares (agg. up to ₹95 Cr) |
| Reserved for Market Maker | 4,38,000 shares Share India Securities Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 60,03,000 shares (agg. up to ₹88 Cr) |
| Net Offered to Public | 60,03,000 shares (agg. up to ₹88 Cr) |
| Share Holding Pre Issue | 1,73,70,837 shares |
| Share Holding Post Issue | 2,38,11,837 shares |
| NSE Symbol | WTICAB |
| ISIN | INE623Y01011 |
Wise Travel IPO comprises a total issue size of 64,41,000 shares. The net offer to the public is 59,54,000 shares, after excluding 4,38,000 shares allotted on a firm basis and 49,000 shares under a preferential allotment. Of the Net offer 29,76,000 (49.98%) are allocated to QIB, 8,94,000 (15.02%) allocated to NII 20,84,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,76,000 | 49.98% | 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 | 15.02% | 13.88% |
| Retail Shares Offered | 20,84,000 | 35.00% | 32.36% |
| Preferential Reservations | |||
| Employee Shares Offered | 49,000 | 0.76% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,38,000 | 6.80% | |
| Total Shares Offered | 64,41,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
Wise Travel IPO raises ₹26.24 crore from anchor investors. Wise Travel IPO Anchor bid date is February 9, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Feb 9, 2024 |
| Shares Offered | 17,85,000 |
| Anchor Portion (₹ Cr.) | 26.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Mar 16, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, May 15, 2024 |
| 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 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 134.28 | 121.61 | 60.03 | 52.71 |
| Total Income | 190.17 | 249.97 | 89.70 | 44.06 |
| Profit After Tax | 11.33 | 10.29 | 3.78 | 1.73 |
| NET Worth | 51.94 | 40.61 | 28.32 | 24.54 |
| Reserves and Surplus | 34.57 | 37.46 | 25.37 | 21.59 |
| Total Borrowing | 16.28 | 16.75 | 2.16 | 0.57 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 73.00 |
| 2 | General Corporate Expenses | 8.00 |
| 3 | To Meet the Issue Expenses | 13.68 |
| KPI | |
|---|---|
| ROE | 29.79% |
| ROCE | 22.90% |
| Debt/Equity | 0.65 |
| RoNW | 25.28% |
| PAT Margin | 4.11% |
| Price to Book Value | 6.28 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.91 | 9.52 |
| P/E (x) | 24.81 | 15.45 |
| Promoter Holding | 95.63% | 69.76% |
| Market Cap | ₹350.03 Cr. |
The WTI Cabs IPO is subscribed 163.46 times on February 14, 2024 6:21:00 PM (Day 3). The public issue subscribed 108.76 times in the retail category, 106.69 times in the QIB category, and 375.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 106.69 | 11,91,000 | 12,70,65,000 |
| NII* | 375.56 | 8,94,000 | 33,57,48,000 |
| Retail | 108.76 | 20,84,000 | 22,66,49,000 |
| Total | 163.46 | 42,18,000 | 68,94,62,000 |
Total Application : 2,26,649
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 7.00 |
| 2 | Brokerage, selling, commission and upload fees | 0.08 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and Marketing expenses | 0.19 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, taxation, secretarial, peer review auditors, etc.) | 6.35 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹147.00 |
| Open | ₹195.00 |
| Low | ₹195.00 |
| High | ₹204.75 |
| Last Trade | ₹204.75 |
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager Reports
Wise Travel IPO is a SME IPO of 64,41,000 equity shares of the face value of ₹10 aggregating up to ₹95 Crores. The issue is priced at ₹147 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Feb 12, 2024, and closes on Wed, Feb 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 Mon, Feb 12, 2024 and closes on Wed, Feb 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 Fri, Feb 16, 2024. Check the Wise Travel IPO allotment status.
The Wise Travel IPO listing date is on Mon, Feb 19, 2024.
