Discover the potential of the Wise Travel India Limited IPO (WTI Cabs IPO) with our comprehensive guide. From subscription details to price bands, get ready to seize this investment opportunity. Dive into the IPO market and make informed decisions.
Introduction
The Wise Travel India Limited IPO (WTI Cabs IPO) is a highly anticipated book-built issue with a total value of Rs 94.68 crores. Offering 64.41 lakh fresh shares, this IPO is set to open for subscription on February 12, 2024, and close on February 14, 2024. Here’s a detailed overview of what investors can expect from this offering.
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Wise Travel India Limited IPO Details
IPO Date
- February 12, 2024, to February 14, 2024
Listing Date
- [To be announced]
Face Value
- ₹10 per share
Price Band
- ₹140 to ₹147 per share
Lot Size
- 1000 Shares
Total Issue Size
- 6,441,000 shares (aggregating up to ₹94.68 Cr)
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Issue Type
- Book Built Issue IPO
Listing At
- NSE SME
Shareholding Pre Issue
- 17,370,837 shares
Shareholding Post Issue
- 23,811,837 shares
Market Maker Portion
- 438,000 shares by Share India Securities
WTI Cabs IPO Reservation
Investor Category
- QIB Shares Offered: Not more than 50% of the Net Issue
- Retail Shares Offered: Not less than 35% of the Net Issue
- NII (HNI) Shares Offered: Not less than 15% of the Net Issue
WTI Cabs IPO Anchor Investors Details
- Bid Date: February 9, 2024
- Shares Offered: 1,785,000
- Anchor Portion Size (In Cr.): ₹26.24
- Anchor lock-in period end date for 50% shares (30 Days): March 16, 2024
- Anchor lock-in period end date for remaining shares (90 Days): May 15, 2024
WTI Cabs IPO Timeline (Tentative Schedule)
- IPO Open Date: Monday, February 12, 2024
- IPO Close Date: Wednesday, February 14, 2024
- Basis of Allotment: Thursday, February 15, 2024
- Initiation of Refunds: Friday, February 16, 2024
- Credit of Shares to Demat: Friday, February 16, 2024
- Listing Date: Monday, February 19, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on February 14, 2024
WTI Cabs IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof.
WTI Cabs IPO Promoter Holding
The promoters of Wise Travel India Limited are Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia.
About Wise Travel India Limited
Established in 2009, Wise Travel India Limited provides car rental and transportation services across 130 cities in India. Its comprehensive range of services includes car rental, employee transportation, fleet management, and mobility solutions.
Financial Performance
Between March 31, 2022, and March 31, 2023, Wise Travel India Limited witnessed a remarkable growth in revenue and profit after tax (PAT). With a robust market capitalization of Rs 350.03 Cr, the company’s key performance indicators reflect its strong position in the market.
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Objects of the Issue
The proceeds from the IPO will primarily be utilized to meet working capital requirements, general corporate purposes, and issue expenses.
Wise Travel India Limited IPO | WTI Cabs IPO GMP (Grey Market Premium)
The grey market premium for the Wise Travel India Limited IPO (WTI Cabs IPO) has shown positive trends, indicating investor interest and potential listing gains.
How to Apply for WTI Cabs IPO?
Investors can apply for a minimum of 1000 shares, with retail investors having an upper limit of ₹1,47,000. The IPO process is expected to conclude with the listing on February 19, 2024, on the NSE SME segment.
In conclusion, the WWise Travel India Limited IPO (WTI Cabs IPO) presents a compelling opportunity for investors to participate in the growth story of a leading player in the transportation industry. Stay informed and consider leveraging this IPO to diversify your investment portfolio.
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