Wise Travel India Limited
Book Built Issue IPO · NSE
- Price band
- ₹140 - ₹147
- Lot size
- 1,000 shares
- Issue amount
- ₹94.68 cr
- Total subscription
- 165.48×
- Opens
- 12 Feb 2024
- Closes
- 14 Feb 2024
- Allotment
- 16 Feb 2024
- Listing
- 19 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 64,41,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,40,000
- Fresh issue
- ₹94.68 cr
- Offer for sale
- ₹0 cr
- Registrar
- Beetal Financial & Computer Services (P) Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,47,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,73,70,837
- Shares after issue
- 2,38,11,837
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,47,000 |
| HNI | 2 | 2,000 | ₹2,94,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 17.51 | 1,867.86 |
| RETAIL | 30.63 | 3,331.74 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 0 |
| ROE | 29.79 |
| ROCE | 22.9 |
| RONW | 25.28 |
| PRE IPO(PE) | 6.28 |
| POST IPO(PE) | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Wise Travel India Limited (WTI), incorporated in 2009, is a leading transport company providing car rental and transportation services across 130 cities in India. The company offers a diverse range of services, including car rentals, employee transportation, end-to-end transport solutions (MSP), flexible rental plans, airport counters, fleet management, mobility solutions for MICE, sustainable mobility, project mobility, strategic consulting, and community commute solutions. WTI's fleet includes executive cars, luxury cars, SUVs, sedans, and coaches, catering to various customer needs. The company operates in key cities such as Delhi NCR, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. Its prestigious client base includes major brands like Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, Coca-Cola, American Express, Renault, LinkedIn, Hitachi, Cheil, Sapient, and Panasonic. As of October 31, 2023, WTI employs 784 people, including directors, reflecting its strong workforce and operational scale.
Strengths
- Strong customer relationships: Trusted customer connections help build loyalty and generate repeat business.
- Order-based, scalable model: A flexible and scalable business structure supports smooth operations and future growth.
- Established client base: A stable set of clients ensures consistent revenue and business reliability.
- Experienced leadership team: Skilled and knowledgeable leaders drive strategic decisions and effective management.
Risk factors
- Highly competitive industry: Constant innovation and unique offerings are essential to stay ahead in the market.
- Past negative cash flows: Previous cash flow issues may impact financial stability and overall liquidity.
- Client payment delays: Late payments or non-payments from clients can create financial strain and disrupt operations.
- Exchange rate fluctuations: Currency volatility adds financial uncertainty and increases business risk.
Promoters
Mr. Ashok Vashist
Ms. Hema Bisht
Mr. Vivek Laroia
Registrar & documents
Lead manager
Share India Capital Services Private Limited
Registrar & contacts
Beetal Financial & Computer Services (P) Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
D-21, Corporate Park, 3rd Floor, Near Sector-8 Metro Station, Sector-21, Dwarka- 110075
+91-11-45434542
[email protected]Company website ↗Understanding WTICAB IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.