Wise Travel India IPO Review

 
Wise Travel India IPO Review

IPO Open Date: February 12, 2024

IPO Close Date: February 14, 2024

IPO Price: ₹140 to ₹147 per share

Lot Size: 1000 Shares

Listing: February 19, 2024

Wise Travel India is scheduled to hit the market on February 12, 2024 and close on February 14, 2024. Wise Travel India plans to raise around ₹94.68 Cr through an IPO with a sale of up to 6,441,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in 2009, Wise Travel India Limited stands as a prominent transport company providing comprehensive car rental and transportation services. The company extends its services to 130 cities across India, offering a diverse range of mobility solutions.

Wise Travel India Limited specializes in various services, including car rentals, employee transportation, end-to-end employee transport solutions (MSP), flexible fixed/monthly rental plans, airport counters, fleet management, mobility services for Meetings, Incentives, Conferences, and Exhibitions (MICE), cutting-edge mobility tech solutions, sustainable mobility, project mobility solutions, and strategic consulting and advisory on mobility. The company ensures a broad spectrum of rental options, encompassing executive cars, luxury cars, coaches, SUVs, and sedans. Wise Travel India Limited is dedicated to providing innovative and sustainable mobility solutions, backed by cutting-edge technology and strategic advisory services.

Wise Travel India


Wise Travel India IPO Details

Wise Travel India IPO opens on Feb 12, 2024, and closes on Feb 14, 2024. The Listing date for Wise Travel India IPO is on Feb 19, 2024. The price band for IPO is ₹140 to ₹147 per share and lot size of 1000 Shares.

IPO DateFeb 12, 2024 to Feb 14, 2024
Listing DateFeb 19, 2024
Price₹140 to ₹147 per share
Lot Size1000 Shares
Issue Size₹94.68 Cr
Face Value₹10 per share

Wise Travel India IPO Tentative Timetable

Wise Travel India opening date is February 12, 2024 and close date is February 14, 2024. The IPO allotment date is February 15, 2024. The refund initiation of IPO is on February 16, 2024. The credit of shares in demat account is on February 16, 2024. The listing date is on February 19, 2024.

EventDate
IPO OpeningFeb 12, 2024
IPO ClosingFeb 14, 2024
IPO Allotment DateFeb 15, 2024
Refund InitiationFeb 16, 2024
Shares Credit to DematFeb 16, 2024
Lisiting DateFeb 19, 2024

Wise Travel India IPO Lot Size

Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹147,000).

CategoryLotsSharesAmount
Retail(Minimum)11000₹147,000
Retail(Maximum)11000₹147,000
HNI (Minimum)22000₹294,000

Wise Travel India IPO Promoter Holding

Pre Issue Share Holding95.63%
Post Issue Share Holding69.76%

Wise Travel India IPO Review

Wise Travel India Limited stands as a prominent player in the service sector, offering a range of solutions in major cities like Delhi NCR, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. The company has cultivated a diverse clientele that includes industry giants such as Nokia, Amazon, Microsoft, CocaCola, and many others. With 784 employees, including directors, on its payroll as of October 31, 2023, Wise Travel India Limited emphasizes a dedicated team to deliver quality services to its customers.

Financially, the company has demonstrated robust growth, posting an impressive 178.67% increase in revenue and a corresponding surge of 172.5% in profit after tax between the fiscal years ending March 31, 2023, and March 31, 2022. The restated financials highlight a strong position, with total assets reaching ₹13,427.82 Lakhs as of September 30, 2023. Key performance indicators, including a 29.79% Return on Equity (ROE), 22.90% Return on Capital Employed (ROCE), and a Debt/Equity ratio of 0.65, showcase the company's financial health. The upcoming IPO, with a market capitalization of Rs 350.03 Cr, aims to further fuel Wise Travel India Limited's growth by addressing working capital needs, supporting general corporate purposes, and covering issue-related expenses. Investors eyeing the WTI Cabs IPO should consider these factors for a comprehensive evaluation of the company's trajectory and financial stability.

In conclusion, Wise Travel India Limited's extensive reach, notable clientele, and robust financial performance position it as a compelling player in the service industry. The IPO presents an opportunity for investors to participate in the company's growth journey as it addresses key financial objectives and expands its market presence. Prospective investors are advised to carefully scrutinize the provided financial metrics and business strategies for an informed decision in the dynamic landscape of Wise Travel India Limited.

Wise Travel India IPO Subscription Status (Bidding Details)

Table not found

Wise Travel India 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

Wise Travel India IPO FAQs

What is Wise Travel India IPO?

Wise Travel India is issuing 6,441,000 equity shares with a face value of ₹10 each, totaling up to ₹94.68 Cr. The shares are being offered at a price of ₹140 to ₹147 each, with a minimum order quantity of 1000 shares.

Beetal Financial & Computer Services (P) Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Wise Travel India IPO will open?

Wise Travel India will open on February 12, 2024 for QIB, NII, and Retail Investors.

When Wise Travel India IPO will end?

Wise Travel India will end on February 14, 2024.

What is Wise Travel India IPO Size?

Wise Travel India IPO size is ₹94.68 Cr.

What is Wise Travel India IPO Price Band?

Wise Travel India price band is ₹140 to ₹147 per share.

What is the Wise Travel India IPO Allotment Date?

Wise Travel India allotment date is February 15, 2024.

What is the Wise Travel India IPO Listing Date?

Wise Travel India listing date is February 19, 2024. The IPO is to be listed on BSE and NSE.

How to Wise Travel India IPO through Zerodha?

To apply for the IPO “Wise Travel India” 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 Wise Travel India IPO through Upstox?

To apply for the IPO “Wise Travel India” 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 Wise Travel India IPO Allotment Status?

For Wise Travel India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Wise Travel India IPO GMP?

You can check out here: Wise Travel India IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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