Naturewings Holidays is scheduled to hit the market on September 3, 2024 and close on September 5, 2024. Naturewings Holidays plans to raise around ₹7.03 Cr through an IPO with a sale of up to 950,400 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Naturewings Holidays Limited, started in December 2018, is a travel company that offers holiday packages for people visiting the Himalayan regions. They focus mainly on India, Nepal, and Bhutan, providing complete travel solutions like land and air bookings, hotel reservations, local sightseeing, and destination management. Recently, they also launched an international division to offer services in global destinations. As of March 31, 2024, the company has access to over 750 hotels across the Himalayas and various international locations.
By March 31, 2024, Naturewings Holidays had provided around 7,163 packages to more than 33,065 travellers. They work with over 100 registered travel agents in major Indian cities, which helps them reach more customers. The company introduced international packages in March 2022 and has since served 54 packages to places like Indonesia, Thailand, Egypt, Kenya, Sri Lanka, Vietnam, Singapore, and the Maldives. They currently employ 51 people in various departments.
Naturewings Holidays IPO Details
Naturewings Holidays IPO opens on September 3, 2024, and closes on September 5, 2024. The Listing date for Naturewings Holidays IPO is on September 10, 2024. The price band for IPO is ₹74 per share and lot size of 1600 Shares.
| IPO Date | September 3, 2024 to September 5, 2024 |
| Listing Date | September 10, 2024 |
| Price | ₹74 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹7.03 Cr |
| Face Value | ₹10 per share |
Naturewings Holidays IPO Tentative Timetable
Naturewings Holidays opening date is September 3, 2024 and close date is September 5, 2024. The IPO allotment date is September 6, 2024. Therefund initiation of IPO is on September 9, 2024. The credit of shares in demat account is on September 9, 2024. The listing date is on September 10, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 3, 2024 |
| IPO Closing | September 5, 2024 |
| IPO Allotment Date | September 6, 2024 |
| Refund Initiation | September 9, 2024 |
| Shares Credit to Demat | September 9, 2024 |
| Lisiting Date | September 10, 2024 |
Naturewings Holidays IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹118,400).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹118,400 |
| Retail(Maximum) | 1 | 1600 | ₹118,400 |
| HNI (Minimum) | 2 | 3200 | ₹236,800 |
Naturewings Holidays IPO Promoter Holding
| Pre Issue Share Holding | 95.8% |
| Post Issue Share Holding | 67.53% |
Naturewings Holidays IPO Review
The company is launching its first IPO with 950,400 equity shares priced at Rs. 10 each. The shares will be offered at a fixed price of Rs. 74 each, aiming to raise Rs. 7.03 crore. The company has issued all its initial shares at their original value and has also given out bonus shares. In August 2022, they issued bonus shares in the ratio of 16 for every 1 share held, and in October 2023, they issued them in the ratio of 16 for every 10 shares held. The promoters bought shares at an average cost of Rs. 0.24 and Rs. 0.37 per share.
After the IPO, the company's total paid-up equity capital will increase from Rs. 2.21 crore to Rs. 3.16 crore. Based on the highest price set for the IPO, the company aims to achieve a market value of Rs. 23.39 crore.
On the financial performance front, for the last three fiscals, the company has posted a total income/net profit of Rs. 4.18 cr. / Rs. 0.20 cr. (FY22), Rs. 11.76 cr. / Rs. 0.65 cr. (FY23), Rs. 21.90 cr. / Rs. 1.12 cr. (FY24).
For the last three fiscals, it has reported an average EPS of Rs. 3.66, and an average RoNW of 38.92%. The issue is priced at a P/BV of 6.16 based on its NAV of Rs. 12.02 as of March 31, 2024, and at a P/BV of 2.41 based on its post-IPO NAV of Rs. 30.66 per share.
If we attribute FY24 earnings to its post-IPO fully diluted paid-up capital, then the asking price is at a P/E of 20.90.
For the reported periods, the company has posted PAT margins of 4.82% (FY22), 5.56% (FY23), 5.13% (FY24), and RoCE margins of 30.07%, 53.05%, 57.37% respectively for the referred periods.
The company offers travel services for Himalayan destinations and has recently started including international destinations. It has shown consistent growth in its financial performance over the reported periods. However, its expenses related to the IPO and a small equity raise after the IPO have raised some concerns. Savvy investors might consider investing their money for the medium to long term.
Naturewings Holidays IPO Subscription Status (Bidding Details)
Table not foundNaturewings Holidays IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Naturewings Holidays IPO FAQs
What is Naturewings Holidays IPO?
Naturewings Holidays is issuing 950,400 equity shares with a face value of ₹10 each, totaling up to ₹7.03 Cr. The shares are being offered at a price of ₹74 each, with a minimum order quantity of 1600 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Naturewings Holidays IPO will open?
Naturewings Holidays will open on September 3, 2024 for QIB, NII, and Retail Investors.
When Naturewings Holidays IPO will end?
Naturewings Holidays will end on September 05, 2024.
What is Naturewings Holidays IPO Size?
Naturewings Holidays IPO size is ₹7.03 Cr.
What is Naturewings Holidays IPO Price Band?
Naturewings Holidays price band is ₹74 per share.
What is the Naturewings Holidays IPO Allotment Date?
Naturewings Holidays allotment date is September 06, 2024.
What is the Naturewings Holidays IPO Listing Date?
Naturewings Holidays listing date is September 10, 2024. The IPO is to be listed on BSE and NSE.
How to Naturewings Holidays IPO through Zerodha?
To apply for the IPO “Naturewings Holidays” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Naturewings Holidays IPO through Upstox?
To apply for the IPO “Naturewings Holidays” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Naturewings Holidays IPO Allotment Status?
For Naturewings Holidays IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Naturewings Holidays IPO GMP?
You can check out here: Naturewings Holidays IPO GMP. Check all IPO GMP here.