Wise Travel India Limited (WTI Cabs) IPO Detail
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.
Company Promoters
Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia.IPO Details
| IPO Opening Date | Feb 12, 2024 |
| IPO Closing Date | Feb 14, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹140 - 147 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹94.68 Cr |
| Fresh Issue | ₹94.68 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.02x | - | - | 3.59x | 7.17x | 4.31x |
| Day 2 | 7.05x | - | - | 17.64x | 18.61x | 14.92x |
| Day 3 | 106.69x | - | - | 375.54x | 108.36x | 163.26x |
IPO Tentative Timetable
The Wise Travel India Limited (WTI Cabs) IPO open date is Feb 12, 2024, and the close date is Feb 14, 2024. The issue may list on Feb 19, 2024.
| IPO Open Date | Feb 12, 2024 |
| IPO Close Date | Feb 14, 2024 |
| Basis of Allotment Date | Feb 15, 2024 |
| Initiation of Refunds | Feb 16, 2024 |
| Credit of Shares to Demat Account | Feb 16, 2024 |
| IPO Listing Date | Feb 19, 2024 |
IPO Lot Size
The Wise Travel India Limited (WTI Cabs) IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹147000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹147000 |
| Maximum | 1 | 1000 | ₹147000 |
IPO Promoter Holding
| Pre Issue Share Holding | 95.63% |
| Post Issue Share Holding | 69.76% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5271.17 | 4405.51 | 172.85 |
| 31-Mar-22 | 6002.64 | 8970.00 | 377.74 |
| 31-Mar-23 | 12161.21 | 24997.04 | 1029.36 |
| 30-Sep-23 | 13427.82 | 19016.53 | 1132.91 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Wise Travel India Limited (WTI Cabs) IPO Registrar:
Beetal Financial & Computer Services (P) Limited
Wise Travel India Limited (WTI Cabs) IPO Lead Manager(s):
Share India Capital Services Private Limited
Company Contact Information:
Wise Travel India Limited (WTI Cabs)
D-21, Corporate Park,
3rd Floor, Near Sector-8 Metro
Station, Sector-21, Dwarka- 110075
