IPO - Check IPO Date, Price, Lot Size

Wise Travel India Ltd IPO

Wise Travel India Limited (WTI Cabs or WTI) is engaged in the business of providing online car rental and taxi booking services in India. The operations are carried out with a large fleet of on-road and robust technology platforms. The objective behind the venture is to have presence across the value chain through services in the corporate people transportation which includes Car Rental Services, Employee Transportation Services, Car Leasing, Coach Rentals, Technology, and Mobility Solutions.

Wise Travel India Ltd IPO Details

Total Shares Offered

₹ 64,41,000

Offer to Public

TBA

Retail Max (Shares)

₹ 20,84,000

Pre Issue Promoters Holding

₹ 1,65,94,207

Exchange

NSE

Issue size

₹ 94.68 Cr

IPO Open Date

Feb 12, 2024

Close Date

Feb 14, 2024

Lot Size

1000

Min Investment

₹ 1,40,000

Issue Type

Book Building - SME

Listing Date

Feb 19, 2024

Wise Travel India Ltd IPO Dates

Feb 12, 2024

Opening date

Feb 14, 2024

Closing date

Feb 15, 2024

Basis of Allotment

Feb 16, 2024

Initiation of Refunds

Feb 16, 2024

Credit of Shares

Feb 19, 2024

Listing date

Details

Sector	Type
Sector	Miscellaneous
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2976000
NII	0x	894000
Retail	0x	2084000
Employee	0x	49000
Total	0x	6441000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2976000

894000

2084000

49000

6441000

Wise Travel India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	548.59	410.60	249.60
EBITDA	65.33	55.34	21.05
PAT	22.13	24.75	10.30
Total Assets	210.01	195.36	76.20
Share Capital	23.81	23.81	3.16
Total Borrowings	84.82	34.05	31.59
Operating Activities (Net Cash)	39.86	36.06	13.93
Investing Activities (Net Cash)	11.37	0.72	0.67
Financing Activities (Net Cash)	84.82	34.05	31.59
Net Cashflow	56.23	102.92	11.84

About Wise Travel India Ltd

The Company was originally incorporated on April 22, 2009 as Wise Travel India Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, NCT of Delhi & Haryana. Subsequently, the Company was converted into Public Limited Company and name of company was changed from Wise Travel India Private Limited to Wise Travel India Limited vide fresh certificate of incorporation dated September 26, 2023 issued by the Registrar of Companies, Delhi.

Globally, the Car rental market accounted for USD 119.28 billion in 2021, and it is expected to reach USD 223.07 billion by 2027, projecting a CAGR of more than 11% during the forecast period (2022 - 2027). The Indian car rental industry has rebounded from setbacks caused by the pandemic and is now driving towards innovation, with a projected CAGR of 9.38% and a $2.03 billion valuation by 2026.

Peer Comparison:

Shree OSFM E-Mobility Ltd
Mahindra Logistics Ltd

Wise Travel India Ltd Key Points

Strengths

Experienced Promoters and Management Team.

Quality Assurance of its Services.

Established relationship with existing client.

Scalable Business Model.

Risk

There are outstanding legal proceedings and litigations against and by the Company, its Promoters, its Directors and its Subsidiaries. Any adverse outcome in any of these proceedings may affect its profitability and reputation and may effect on its results of operations and financial condition.

The company has negative cash and cash equivalents generated during the year in the past based on the Restated Financial Statement of the Company and may, in future, experience similar negative cash flows.

Its Registered Office, fleet parking space and branch office premises on Pan India basis are located on leased premises and there can be no assurance that these lease agreements will be renewed upon termination or that its will be able to obtain other premise on lease on same or similar commercial terms.

Strategy

Leveraging its Market skills and Relationships.

Optimal Utilization of Resources.

Improving operational efficiencies.

To Build-Up a Professional Organization.

Expansion of Business.

How To Apply for Wise Travel India Ltd IPO Online?

Step 1:

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 Wise Travel India Ltd IPO?

Wise Travel India Ltd's IPO offers shares for up to 94.68 It begins on Feb 12, 2024 and ends on Feb 14, 2024.

What is the price of the Wise Travel India Ltd IPO?

The price of Wise Travel India Ltd IPO ranges between ₹140 to ₹147 per share.

What are the open and close dates for the Wise Travel India Ltd IPO?

The Wise Travel India Ltd IPO opens on Feb 12, 2024 and closes on Feb 14, 2024.

When will the Wise Travel India Ltd IPO be allotted?

The allotment for the Wise Travel India Ltd IPO will be finalised on Feb 15, 2024. The shares will be listed on BSE and NSE on Feb 19, 2024.

What is the minimum lot size required for Wise Travel India Ltd IPO?

The minimum lot size for Wise Travel India Ltd IPO is 1000 shares, priced between ₹140 to ₹147 per share.

What is the GMP of Wise Travel India Ltd IPO?

The GMP (Grey Market Premium) of Wise Travel India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Wise Travel India Ltd IPO?

To check the allotment status of Wise Travel India 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 Wise Travel India Ltd IPO getting listed?

The Wise Travel India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 12, 2024, and closes on Feb 14, 2024. The allotment is finalised on Feb 15, 2024.

How do you apply for the Wise Travel India Ltd IPO?

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