Wise Travel India Ltd IPO
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Wise Travel India Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 64.41 L | TBA | ₹ 20.84 L | ₹ 165.94 L | NSE | ₹ 94.68 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Feb, 24 | 14 Feb, 24 | 1000 | ₹ 1,40,000 | Book Building - SME | 19 Feb, 24 |
Wise Travel India Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 2976000 | 0 |
| NII | 376.05x | 894000 | 336186000 |
| Retail | 108.76x | 2084000 | 226649000 |
| Employee | 0x | 49000 | 0 |
| Total | 107.31x | 6441000 | 691206000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Wise Travel India Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 410.60 | 249.60 | 88.62 |
| EBITDA | 54.77 | 21.05 | 8.13 |
| PAT | 24.18 | 10.30 | 3.78 |
| Total Assets | 195.36 | 76.20 | 42.25 |
| Share Capital | 23.81 | 3.16 | 2.95 |
| Total Borrowings | 34.05 | 31.59 | 8.85 |
| Operating Activities (Net Cash) | 35.49 | 13.93 | 5.39 |
| Investing Activities (Net Cash) | 0.72 | 0.67 | 0.80 |
| Financing Activities (Net Cash) | 34.05 | 31.59 | 8.85 |
| Net Cashflow | 102.92 | 11.84 | 8.92 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Shree OSFM E-Mobility Ltd
- Mahindra Logistics Ltd
Wise Travel India Ltd IPO 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.
- Experienced Promoters and Management Team.
- Quality Assurance of its Services.
- Established relationship with existing client.
- Scalable Business Model.
How To Apply for Wise Travel India 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.