What you must know about Wise Travel India | WTI Cabs IPO ?
by 5paisa Research Team
05 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 19-Feb-24
- IPO Price Range ₹ 140 to ₹147
- Listing Price ₹ 195
- Listing Change inf%
- Last Traded Price ₹ 231
- Current Change inf%
Wise Travel India IPO Details
- Open Date 12-Feb-24
- Close Date 14-Feb-24
- Lot Size 1000
- IPO Size ₹ 94.68 Cr
- IPO Price Range ₹ 140 to ₹147
- Min Investment ₹ 140000
- Listing Exchange NSE SME
- Basis of Allotment 15-Feb-24
- Refunds 16-Feb-24
- Credit to Demat Account 16-Feb-24
- Listing Date 19-Feb-24
Wise Travel India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Feb-24 | 0.02 | 3.60 | 7.26 | 4.35 |
| 13-Feb-24 | 7.05 | 17.66 | 18.69 | 14.97 |
| 14-Feb-24 | 106.69 | 375.56 | 108.76 | 163.46 |
Wise Travel India IPO Synopsis
Wise Travel India IPO is all set to open from 12th February to 14th February 2024. The company is engaged in the business of providing workplace commuting and corporate vehicle rentals. The IPO includes a fresh issue of 6,441,000 shares worth ₹94.68 cr. The share allotment date is 15th February 2024, and the IPO will be listed on 19th February 2024 on the stock exchanges. The price band is ₹140 to ₹147 and the lot size is 1000 shares.
Share India Capital Services Private Limited is the book-running lead manager for this IPO, while Beetal Financial & Computer Services (P) Limited is the registrar.
Objectives of Wise Travel India IPO:
Wise Travel India plans to utilize the raised capital from the IPO to:
• To meet working capital requirements.
• General corporate purposes.
• To meet the public issue expenses.
About Wise Travel India
Wise Travel India is engaged in the business of providing workplace commuting and corporate vehicle rentals. The company has a PAN-India presence and provides services as below.
• Car Rental Services
• Employee Transportation Services
• End-to-End Employee Transport Solutions (MSP)
• Flexible Fixed/Monthly Rental Plans
• Convenient Airport Counters
• Fleet Management Services
• Mobility Services for MICE
• Cutting-Edge Mobility Tech Solutions
• Sustainable Mobility
• Project Mobility Solutions
• Strategic Consulting and Advisory on mobility
• Community commute
Peer Comparison
• Shree Osfm E-mobility Limited
• Mahindra Logistics Limited
For More Information:
Webstory on Wise Travel India IPO
Wise Travel India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 249.59 | 88.62 | 42.26 |
| EBITDA | 18.58 | 6.12 | 3.00 |
| PAT | 10.27 | 3.75 | 1.78 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 121.61 | 62.02 | 52.71 |
| Share Capital | 3.16 | 2.95 | 2.95 |
| Total Borrowings | 80.99 | 31.71 | 28.17 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -8.52 | -2.85 | 11.56 |
| Net cash from / (used in) investing activities | -12.89 | -1.88 | -3.14 |
| Net cash flow from / (used in) financing activities | 24.84 | -3.30 | -3.81 |
| Net increase (decrease) in cash and cash equivalents | 3.42 | -8.04 | 4.60 |
Wise Travel India IPO Key Points
-
Strengths
1. The company has a strong and existing client relationship.
2. It has strong quality assurance in place.
3. It has long-standing relationships with customers.
4. The business model is order-driven and scalable.
5. Experienced promoter and management team. -
Risks
1. The company has reported negative cash flows in the past.
2. Operates in a highly competitive industry.
3. Exposed to exchange rate fluctuations.
4. It is also exposed to the risk of delays or non-payment by clients and other counterparties.
Wise Travel India
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Wise Travel India IPO FAQs
When does the Wise Travel India IPO opens and closes?
Wise Travel India IPO opens from 12th February to 14th February 2024.
What is the size of the Wise Travel India IPO?
The IPO size of Wise Travel India IPO is ₹94.68 cr.
How to apply for the Wise Travel India IPO?
To apply for Wise Travel India IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Wise Travel India Limited IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Wise Travel India IPO?
The GMP value of every IPO changes daily. To view today's GMP of Wise Travel India IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Wise Travel India IPO?
The price band of Wise Travel India IPO is fixed at ₹140 to ₹147 per share.
What is the minimum lot size and investment required for the Wise Travel India IPO?
The minimum lot size of Wise Travel India IPO is 1000 shares and the investment required is ₹1,40,000.
What is the allotment date of the Wise Travel India IPO?
The share allotment date of Wise Travel India IPO is 15th February 2024.
What is the Wise Travel India IPO listing date?
The Wise Travel India IPO will be listed on 19th February 2024.
Who are the book runners for the Wise Travel India IPO?
Share India Capital Services Private Limited is the book-running lead manager for Wise Travel India IPO.
What is the objective of Wise Travel India IPO?
Wise Travel India plans to utilize the raised capital from the IPO to:
1. To meet working capital requirements.
2. General corporate purposes.
3. To meet the public issue expenses.
Contact Details of Wise Travel India IPO
Contact Information
Wise Travel India Limited
D-21, Corporate Park,
3rd Floor, Near Sector-8 Metro
Station, Sector-21, Dwarka- 110075
Phone: +91-11-45434542
Email: cs@wti.co.in
Website: https://www.wticabs.com/
Wise Travel India IPO Register
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalfinancial.com
Wise Travel India IPO Lead Manager
Share India Capital Services Private Limited
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