Naturewings Holidays IPO Subscription Status

Naturewings Holidays' initial public offering (IPO) has garnered exceptional investor interest, with subscription rates soaring over the three days. Starting strongly on day one, the IPO witnessed a dramatic surge in demand, resulting in an impressive 153.02 times oversubscription by the close of day three. This remarkable response underscores the strong market appetite for Naturewings Holidays' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 3rd September 2024, has seen exponential growth in investor participation across categories. The retail segment, in particular, has shown overwhelming demand, while the Non-Institutional Investors (NII) category has also demonstrated strong interest.

This enthusiastic response to Naturewings Holidays IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the travel and tourism sector. The company's focus on offering holiday packages for leisure travelers visiting the Himalayan ranges appears to have strongly resonated with investors looking for exposure to India's growing tourism industry.

Subscription Status of Naturewings Holidays IPO for Days 1, 2, and 3:

On day 1, Naturewings Holidays IPO was subscribed 37.76 times. By the end of day 2, the subscription status had risen to 96.32 times; on day 3, it skyrocketed to 153.02 times.

Here are the subscription details for Naturewings Holidays IPO as of Day 3 (5th September 2024 at 12:01:09 PM):

Total Applications: 100,478

Note:

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range. 
** The portion of anchor investors (or market makers) is not included in the total number of shares offered. 
*** Market Maker portion is not included to NII/HNI.

Key Highlights:

• The IPO of Naturewings Holidays is currently subscribed 153.02 times, with exceptional demand across investor categories.
• Retail investors have shown overwhelming interest, with a subscription ratio of 240.59 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 65.45 times.
• The overall subscription trend shows a dramatic increase day-on-day, indicating extremely high investor confidence and positive sentiment towards the issue.

Naturewings Holidays IPO - Day 2 Subscription at 96.32 Times

Key Highlights:

• On Day 2, Naturewings Holidays' IPO was subscribed 96.32 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed increased interest with a subscription ratio of 162.30 times, more than doubling their subscription from the previous day.
• The Non-Institutional Investors (NII) category subscription improved to 30.33 times, showing growing interest from this segment.
• The overall subscription trend indicated building momentum, with both investor categories showing increased participation.

Naturewings Holidays IPO - Day 1 Subscription at 37.76 Times

Key Highlights:

• The IPO of Naturewings Holidays was subscribed 37.76 times on Day 1, with strong initial demand from Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 65.80 times, indicating positive sentiment among individual investors.
• Non-Institutional Investors (NII) showed initial interest with a subscription ratio of 9.71 times.
• The strong first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Naturewings Holidays IPO:

Naturewings Holidays Limited, incorporated in December 2018, is a tour company that offers holiday packages for leisure travellers visiting the Himalayan ranges. The company mainly focuses on regions such as India, Nepal and Bhutan. With its specialized focus on Himalayan destinations, Naturewings Holidays has positioned itself as a niche player in the growing Indian tourism market.

The company provides comprehensive travel solutions, including land and air bookings, hotel reservations, in-transit arrangements, local sightseeing, and destination management services. It caters to individuals and groups visiting Himalayan destinations and has recently launched an international division to extend its services to global destinations, showcasing its ambition for expansion and diversification.

As of 31st March 2024, Naturewings Holidays has access to over 750 hotels in the Himalayan Ranges and various international destinations, demonstrating its strong network and capacity to serve a wide range of travellers. This extensive network of accommodations allows the company to offer diverse options to its customers, catering to different preferences and budgets.

Highlights of the Naturewings Holidays IPO:

• IPO Date: 3rd September 2024 to 5th September 2024
• Listing Date: 10th September 2024 (Tentative)
• Face Value: ₹10 per share
• IPO Price: ₹74 per share
• Lot Size: 1600 Shares
• Total Issue Size: 950,400 shares (aggregating up to ₹7.03 Cr)
• Fresh Issue: 950,400 shares (aggregating up to ₹7.03 Cr)
• Issue Type: Fixed Price Issue IPO
• Listing At: BSE SME
• Book Running Lead Manager: Fedex Securities Pvt Ltd
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Pure Broking