Wise Travel India Limited IPO

Price
₹140 - ₹147
Lot
1000
Subs.
163.46
Expected Listing Earning

Exp. Premium(GMP):
124.99(85.03%)
IPO Details

Open Date: 12-Feb-2024
Close Date: 14-Feb-2024
Allotment Date: 12-Feb-2024
Listing Date: 14-Feb-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹140-147 Per Equity Share
Issue Size: Total Issue Size 6,441,000 shares (aggregating up to ₹94.68 Cr) : Fresh Issue 6,441,000 shares (aggregating up to ₹94.68 Cr)
Market Lot (Min Amount): Retail - ₹147,000 : HNI - ₹294,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved1,191,000894,0002,084,0004,218,000
Day 1 - 12-02-24 
05:00 PM
0.02x3.60x7.26x4.35x
Day 2 - 13-02-24 
05:00 PM
7.05x17.69x18.77x15.01x
Day 3 - 14-02-24 
05:00 PM
106.69x375.56x108.76x163.46x
Total No. of Application:226,649 (Approx.)
Retail Subscription on the basis of Apps:108.76x
Valuations

Earning Per Share(EPS)5.91/-
P/E Ratio24.81
RoNW25.28%
Net Asset Value (NAV) - Post Issue:23.39/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,202313,427.8219,016.531,132.91
31 Mar,202312,161.2124,997.041,029.36
31 Mar,20226,002.648,970.00377.74
31 Mar,20215,271.174,405.51172.85
Promoter(s)

Pre Issue Share Holding95.63%
Post Issue Share Holding69.76%
Company Promoter(s)
1. Mr. Ashok Vashist
2. Ms. Hema Bisht
3. Mr. Vivek Laroia
Issue Objective(s)

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
About Company

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.

Disclaimer

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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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