Watrana Rentals Ltd IPO

Watrana Rentals Ltd IPO

We are engaged in the business of providing material handling equipment (MHE) on a rental basis and trading of new and used MHE and batteries used in MHE. We cater to customers operating across various industries, including automotive, tyre, beverage, glass, paper, logistics & warehouse.

Watrana Rentals Ltd IPO Details

Total Shares Offered

₹ 49,02,000

Offer to Public

TBA

Retail Max (Shares)

₹ 16,27,500

Pre Issue Promoters Holding

TBA

Exchange

DBC

Issue size

₹ 120.1 Cr

IPO Open Date

Nov 19, 2026

Close Date

Nov 23, 2026

Lot Size

1200

Min Investment

₹ 2,78,400

Issue Type

Book Building - SME

Listing Date

Nov 27, 2026

Watrana Rentals Ltd IPO Dates

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Nov 19, 2026
Opening date
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Nov 23, 2026
Closing date
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Nov 25, 2026
Basis of Allotment
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Nov 26, 2026
Initiation of Refunds
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Nov 26, 2026
Credit of Shares
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Nov 27, 2026
Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB
NII
Retail
Employee
Total

Watrana Rentals Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations31.5922.2011.95
EBITDA39.0232.9918.62
PAT18.058.523.94
Total Assets34.3326.0718.22
Share Capital0.010.010.01
Total Borrowings86.2459.2327.68
Operating Activities (Net Cash)25.4819.3110.61
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)86.2459.2327.68
Net Cashflow0.401.050.99

About Watrana Rentals Ltd

Our Company was incorporated as a private limited company in the name of Watrana Rentals Private Limited, under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated November 19, 2019, bearing Company Identification Number U74999DL2019PTC357671 by the Assistant Registrar of Companies, Central Registration Centre. Consequently, our Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed in the EGM of our members held on October 24, 2024, and consequently, the name of our Company was changed to Watrana Rentals Limited by deletion of the word `private'. A fresh certificate of incorporation consequent upon conversion from a private company to a public company dated December 19, 2024, was issued by the Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Central Processing Centre to our Company bearing Corporate Identification Number U74999DL2019PLC357671.

We are engaged in the business of providing material handling equipment (MHE) on a rental basis and trading of new and used MHE and batteries used in MHE. We cater to customers operating across various industries, including automotive, tyre, beverage, glass, paper, logistics & warehouse.

Peer Comparison:

  • Watrana Rentals Limited
  • Seemax Resources Limited
  • Leap India Ltd

Watrana Rentals Ltd Key Points

Strengths

Experienced Promoters and a senior management team with technical expertise.

We own a large and diversified fleet of MHE and AWP.

Geographical presence across multiple locations in India.

Focus on service quality, safety and training.

Skilled and experienced workforce.

Risk

The Company has availed secured borrowings from banks and financial institutions, and any default, delay, or non-compliance with the terms of these loan facilities may lead to enforcement actions against its charged assets, thereby adversely affecting the company operations, financial condition, and creditworthiness.

The company's business is substantially dependent on revenue from the rental of Material Handling Equipment and Aerial Work Platforms, and any adverse developments affecting demand for such equipment could materially and adversely affect could materially affect its business, financial condition, results of operations, and cash flows.

The company's revenue is concentrated among certain customers, and the loss of, or a significant reduction in business from, one or more of its major customers may affect the company's business and financial performance and results of operations.

Strategy

Strengthen our presence in existing markets and expand into new geographies.

Strengthen relationships with existing clients and expand our client base.

Invest in and diversify our equipment fleet..

Continue to reduce operating costs and improve operational efficiencies.

How To Apply for Watrana Rentals Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Watrana Rentals Ltd IPO?

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Watrana Rentals Ltd's IPO offers shares for up to 120.1 It begins on Nov 19, 2026 and ends on Nov 23, 2026.

What is the price of the Watrana Rentals Ltd IPO?

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The price of Watrana Rentals Ltd IPO ranges between ₹232 to ₹245 per share.

What are the open and close dates for the Watrana Rentals Ltd IPO?

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The Watrana Rentals Ltd IPO opens on Nov 19, 2026 and closes on Nov 23, 2026.

When will the Watrana Rentals Ltd IPO be allotted?

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The allotment for the Watrana Rentals Ltd IPO will be finalised on Nov 25, 2026. The shares will be listed on BSE and NSE on Nov 27, 2026.

What is the minimum lot size required for Watrana Rentals Ltd IPO?

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The minimum lot size for Watrana Rentals Ltd IPO is 1200 shares, priced between ₹232 to ₹245 per share.

What is the GMP of Watrana Rentals Ltd IPO?

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The GMP (Grey Market Premium) of Watrana Rentals Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Watrana Rentals Ltd IPO?

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To check the allotment status of Watrana Rentals Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Watrana Rentals Ltd IPO getting listed?

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The Watrana Rentals Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 19, 2026, and closes on Nov 23, 2026. The allotment is finalised on Nov 25, 2026.

How do you apply for the Watrana Rentals Ltd IPO?

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To apply for the Watrana Rentals Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.