February 19, 2024
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Wise Travel India IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Wise Travel India IPO Post Listing Review
On 19th February, the scrip is listed at Rs.195, compared to the Issue-price of Rs.147, at a a premium of 32.65%. However the listing has been quite disappointment to the grey market traders, who could not recover even simple interest of 8%.
Wise Travel India IPO Post Estimate: Click
Wise Travel India IPO Subscription
On 14 February 2024 5.00 pm (Day 3) (Closed)
Review: strong subscriptions now.
QIB: 3001500 Shares 106.69 T
NII: 900450 Shares 375.56 T
RII: 2101050 Shares 108.76 T
Total: 6003000 Shares 163.46 T
What is the business of Wise Travel India?
In 2009, WTI was founded with a vision to transform urban mobility across India. Displaying its capability to efficiently manage large-scale Mobility Service’s need, the company took on the responsibility of managing the entire personal ground transportation for the XIX Commonwealth Games in New Delhi in 2010.
By 2012, WTI spread its wings to seven major metro cities of India. This expansion was fortified when the company acquired India Fleet, a subsidiary of Tranzlease India Pvt. Ltd., a move that solidified its foothold in the urban transportation market.
From 2013 to 2014, WTI broadened its horizons, bolstering its car rental fleet to over 2500 cabs. This growth was complemented with the strategic acquisition of Wyncabs and Smart Ride, a prominent coach rental company, thereby serving an even broader clientele.
International accolades came knocking between 2015 and 2017. The company was lauded in Dubai as the World’s Greatest Leaders 2015 in the Ground Transport Category for Asia & GCC. By 2017, the accolades continued with WTI being chosen as the fleet partner for the esteemed World’s Greatest Leader event held in Singapore.
The period from 2018 to 2020 was earmarked by the company’s pledge to sustainability. Electric vehicles became a significant part of the fleet, mirroring global aspirations for greener transportation.
In 2021, acknowledging the burgeoning demand in smaller cities, WTI ventured into tier 2, 3, and 4 cities, ensuring that premium mobility services were not just the privilege of metropolitan residents. Recognizing the global potential of its services,
2022 saw the brand preparing to go international.
By 2023, WTI will mark its international debut, initiating operations in Dubai. This year also witnessed the establishment of 17 airport counters, facilitating travelers with seamless transportation right from their point of arrival. Simultaneously, investing in the future of the industry and the company, WTI introduced a Management Trainee Program, sculpting the next generation of Mobility Services leaders and ensuring the brand’s ethos is carried forward with the same fervor.
Get more information about the company @ https://www.wticabs.com/
| Wise Travel India IPO Details | |
| IPO opens on | 12 February 2024 |
| IPO closes on | 14 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6441000 Sh /Rs 94.68 Cr |
| * Fresh Issue | 6441000 Sh /Rs 94.68 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 438000 Sh. |
| Net offer to Public | 6003000 Sh./Rs.88.24 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 140-147 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
| Shares offered in Wise Travel India IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 3001500 | 44.12 |
| NII (15%) | 900450 | 13.24 |
| RII (35%) | 2101050 | 30.88 |
| Total Shares | 6003000 | 88.24 |
| Retail portion will be oversubscribed by | 2101 | |
| Forms | ||
| How much Shares to Apply in Wise Travel India IPO? | ||
| Min Retail Application | 1000 Sh | Rs. 147000 |
| Min HNI Application | 2000 Sh | Rs.294000 |
Who are the Promoters of Wise Travel India IPO?
The promoters of the company are Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia.
What are the Objects of Wise Travel India IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
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
| Wise Travel India IPO Tentative timetable | |
| IPO opens on | 12 February 2024 |
| IPO Closes on | 14 February 2024 |
| IPO Allotment on | 15 February2024 |
| Refund Initiation | 16 February 2024 |
| Credit of Shares | 16 February 2024 |
| Listing on | 19 February 2024 |
| Registered Office of the Company Wise Travel India Limited D-21, Corporate Park, 3rd Floor, Near Sector-8 Metro Station, Sector-21, Dwarka- 110075 |
| Who is the Lead Manager of Wise Travel India IPO? Share India Capital Services Pvt ltd |
| Who is the Registrar to IPO? Beetal Financial & Computer Services Pvt ltd |
| Wise Travel India IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 44.06 | 1.73 | 1.07 | 7.04 |
| 2021-22 | 89.70 | 3.78 | 2.33 | 13.34 |
| 2022-23 | 249.97 | 10.29 | 5.93 | 25.34 |
| Book Value of the Share on | 31.03.2023 | Rs 23.38 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 147 | |||
| Wise Travel India IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 24.79 |
| Price/BV Ratio | 6.29 |
| Upper price/BV after IPO | |
How Wise Travel India IPO compares with the Peers?
There is no other listed company which is specifically comparable to it w.r.t its business model, size and financials.
| As per DRHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Wise Travel India IPO To the point Guidance
From 2013 to 2014, WTI broadened its horizons, bolstering its car rental fleet to over 2500 cabs. This growth was complemented with the strategic acquisition of Wyncabs and Smart Ride, a prominent coach rental company, thereby serving an even broader clientele. By 2023, WTI marked its international debut, initiating operations in Dubai. This year also witnessed the establishment of 17 airport counters, facilitating travelers with seamless transportation. So, the business has very strong and growing.
Size: Net IPO size of 6003000 Shares/Rs.88.24 Cr is very large, even considering recent trends. However the IPO market sees huge hunger of the investors and hence even this IPO of large size may get fully subscribe easily.
Financial Snapshot: The shares are offered at PE multiple of 24.79 and considering strong growth potential of tourism related business, the IPO leaves enough room for listing gains. Must Apply.
Quicklinks
Wise Travel India IPO GMP Detail IPO GMP today details?
Wise Travel India IPO
Wise Travel India IPO FAQs
What is Wise Travel India IPO?
Wise Travel India IPO is a SME IPO of 3920000 equity shares of the face value of Rs. 10 aggregating up to Rs.26.66 Crores. The issue is priced at Rs.68 per share. The minimum order quantity is 2000 Shares.
When Wise Travel India IPO will open?
Wise Travel India IPO opens on Febryary 02, 2024, and closes on February 7, 2024.
What is the lot size of Wise Travel India IPO?
Wise Travel India IPO lot size is 2000 Shares, and the minimum amount required is Rs.136000.
How to apply for Wise Travel India IPO?
You can apply in Wise Travel India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Wise Travel India IPO allotment?
The finalization of Basis of Allotment for Wise Travel India IPO will be done on February 8, 2024, and the allotted shares will be credited to your demat account by February 9, 2024.
When is Wise Travel India IPO listing date?
Wise Travel India IPO listing date is not yet announced. The tentative date of Wise Travel India IPO listing is February 12, 2024.
