Wise Travel India Limited IPO
NSE SMEListed On: Feb 19, 2024 at ₹ 195.0
₹ 294000 /2000 Shares
*Min Investment
12 Feb, 2024
Open Date14 Feb, 2024
Close Date15 Feb, 2024
Allotment Date19 Feb, 2024
Listing DateWise Travel India Limited IPO Issue Details
- Issue Price ₹140-147 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 64,41,000 shares(aggregating up to ₹94.68 crore)
- Fresh Share 64,41,000 shares(aggregating up to ₹94.68 crore)
- Listing at NSE SME
- List Price 195.0
- Listing Date 2024-02-19
- Lead Manager Share India Capital Services Private Limited
- Registrar Beetal Financial & Computer Services (P) Limited
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,47,000 |
| Retail(max) | 1 | 1000 | ₹1,47,000 |
| NII (min) | 2 | 2,000 | ₹2,94,000 |
Wise Travel India Limited IPO Reservation
Wise Travel India Limited IPO offers total 6,441,000 shares. Out of which 1,191,000 (18.49%) allocated to QIB, 894,000 (13.88%) allocated to NII,2,084,000 (32.36%) allocated to RII, NA (NA%) allocated to employees and 1,785,000 (27.71%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,785,000 (27.71%) | |
| Market Maker Shares Offered | 438,000 (6.8%) | |
| QIB Shares Offered | 1,191,000 (18.49%) | |
| NII (HNI) Shares Offered | 894,000 (13.88%) | |
| Retail Shares Offered | 2,084,000 (32.36%) | |
| Total Shares Offered | 6,441,000 (100%) |
Wise Travel India Limited IPO Details
Wise Travel India Limited IPO is an SME IPO, priced at ₹140-147 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 64,41,000 equity shares, aggregating up to ₹94.68 crores..
The IPO bidding window is open from Feb 12, 2024 to Feb 14, 2024. The allotment is expected to be finalized on Feb 15, 2024, and the tentative listing date is Feb 19, 2024.
The minimum lot size for retail investors is 1000 shares, with a minimum investment of ₹1,47,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,94,000.
Share India Capital Services Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Beetal Financial & Computer Services (P) Limited, and Share India Securities Limited will act as the market maker for this issue.
Wise Travel India Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,191,000 / 894,000 | 2,084,000 | 4,218,000 |
Day 1 12-02-24 06:00 PM | 0.02 / 3.60 x | 7.26 x | 4.35 x |
Day 2 13-02-24 06:00 PM | 7.05 / 17.69 x | 18.77 x | 15.01 x |
Day 3 14-02-24 06:00 PM | 106.69 / 376.05 x | 108.76 x | 163.46 x |
Wise Travel India Limited Valuations
Wise Travel India Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 12,161.21 | 6,002.64 | 5,271.17 |
| Revenue | 24,997.04 | 8,970.00 | 4,405.51 |
| Profit After Tax | 1,029.36 | 377.74 | 172.85 |
| Net Worth | 4,061.45 | 2,832.10 | 2,454.36 |
| Reserves & Surplus | 3,745.62 | 2,537.10 | 2,159.36 |
| Total Borrowing | 1,674.50 | 216.32 | 56.59 |
About Wise Travel India Limited Company
Transport Company Wise Travel India Limited is incorporated in the year 2009. The transport company provides car rentals and transport services. Services of the company are available in 130 cities in India.
The company provides services that cover 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 has various types of available rental cars such as executive cars, luxury cars, coaches, SUVs, and sedans.
The company services in Delhi NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. Clients of the company include Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola American Express, Renault, LinkediN, Hitachi, Cheli, Sapient, Panasonic etc.
The company had 784 employees including directors on its payroll as of October 31, 2023.
Wise Travel India Limited - Promoter(s)
Mr. Ashok Vashist
Ms. Hema Bisht
Mr. Vivek Laroia
Pre Issue Share Holding : 95.63%
Post Issue Share Holding : 69.76%
Wise Travel India Limited IPO - Issue Objectives
To Meet Working Capital Requirement
General Corporate Purpose
To Meet the Issue Expenses
Wise Travel India Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Wise Travel India Limited | 5.93 | 5.93 | 23.39 | 24.81 | 25.28 | 6.28 | Consolidated |
| Shree Osfm E-mobility Limited | 2.94 | 2.94 | 3.34 | 22.11 | 15.11 | 19.46 | Consolidated |
| Mahindra Logistics Ltd | 8.97 | 8.97 | 4.56 | 44.51 | 9.84 | 87.28 | Consolidated |
Notes:
- Issue Price for OSFM is the IPO price.
- The Issue Price has been determined by the Company in consultation with the Book Running Lead Manager and justified by the Company in consultation with the Book Running Lead Manager on the basis of the above parameters.
- The investors may also want to peruse the risk factors and financials of the Company, including important profitability and return ratios, as set out in the Auditors' Report in the offer document to have a more informed view about the investment.
Contact Details
Wise Travel India Limited
D-21, Corporate Park, 3rd Floor, Near Sector-8 Metro Station, Sector-21, Dwarka- 110075
+91-11-45434542
Registrar Contact Details
Beetal Financial & Computer Services (P) Limited
+91 11 29961281
Wise Travel India Limited IPO - FAQs
Ans. Wise Travel India Limited IPO is a SME IPO. The issue is priced at ₹140-147 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Feb 12, 2024, and closes on Feb 14, 2024. Beetal Financial & Computer Services (P) Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Wise Travel India Limited IPO opens on Feb 12, 2024 and closes on Feb 14, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Wise Travel India Limited IPO is 6,441,000 shares(aggregating up to ₹94.68 Cr).
Ans. The Wise Travel India Limited IPO price band is set between ₹140-147 per equity share.
Ans. To apply for Wise Travel India Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Wise Travel India Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Wise Travel India Limited IPO is Feb 15, 2024.
Ans. The Wise Travel India Limited IPO will be listed on Feb 19, 2024.
Ans. Follow the steps to check the Wise Travel India Limited IPO allotment status online.
