Wise Travel India (NSE SME)
Feb 12, 2024 - Feb 14, 2024
| Price | ₹140 - ₹147 |
| Premium | ₹71 |
|---|---|
| Lot size | 1000 |
| Allotment | Feb 16, 2024 |
| Listing | Feb 19, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 147000 | 2084 |
| HNI | 2 | 2000 | 294000 | 894 |
Last updated on 14-Feb-2024 17:01:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1191000 | 127065000 | 106.69 |
| NIB | 894000 | 336186000 | 376.05 |
| RETAIL | 2084000 | 226649000 | 108.76 |
| Total | 4169000 | 689900000 | 165.48 |
| Retail Apps | 226649 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹74.21 | @8% ₹84.81 | @9% ₹95.41 | @10% ₹106.02 | @11% ₹116.62 | @12% ₹127.22 |
Incorporated in 2009, Wise Travel India Limited is a transport company that offers car rentals and transportation services. The company offer services across 130 cities in India.
The company offers a range of services including car rental, employee transportation, end-to-end employee transport solutions (MSP), flexible fixed/monthly rental plans, airport counters, fleet management, mobility services for MICE, cutting-edge mobility tech solutions, sustainable mobility, project mobility solutions, strategic consulting and advisory on mobility, and community commute.
WTI offers a variety of rental cars, including executive cars, luxury cars, coaches, SUVs, and sedans.
The company offer services in cities such as Delhi NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur and Kolkata. The client base of the company includes Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola American Express, Renault, LinkediN, Hitachi, Cheli, Sapient, Panasonic etc.
As of October 31, 2023, the company has 784 employees including directors on its payroll.
WTI Cabs IPO Details
| Issue Size | 6,441,000 shares (aggregating up to ₹94.68 Cr) |
| Fresh Issue | 6,441,000 shares (aggregating up to ₹94.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,370,837 |
| Share holding post issue | 23,811,837 |
| Market Maker portion | 438,000 shares Share India Securities |
WTI Cabs IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 Lead Manager(s)
- Share India Capital Services Private Limited
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 29.79% |
| ROCE | 22.90% |
| Debt/Equity | 0.65 |
| RoNW | 25.28% |
| P/BV | 6.28 |
Strengths
· Long-standing relationships with customers indicate trust and reliability, fostering loyalty and repeat business.
· Order-driven and scalable business model facilitates efficient operations and accommodates growth opportunities.
· Strong and established client relationships contribute to stability and recurring revenue streams.
· Supported by an experienced promoter and management team, capable of strategic decision-making and effective leadership.
· Implementation of robust quality assurance measures ensures product/service excellence and customer satisfaction.
Risks
· Operating within a highly competitive industry requires continuous innovation and differentiation to maintain market position.
· Historical negative cash flows may impact financial liquidity and sustainability.
· Risk of delays or non-payment by clients and other counterparties poses potential financial strain and operational challenges.
· Exposure to exchange rate fluctuations adds financial volatility and risk
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.91 | 9.52 |
| P/E (x) | 24.81 | 15.45 |
Company Financials
Wise Travel India Limited Financial Information (Restated)
Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 13,427.82 | 12,161.21 | 6,002.64 | 5,271.17 |
| Revenue | 19,016.53 | 24,997.04 | 8,970.00 | 4,405.51 |
| Profit | 1,132.91 | 1,029.36 | 377.74 | 172.85 |
| Net Worth | 5,194.36 | 4,061.45 | 2,832.10 | 2,454.36 |
| Reserves | 3,457.28 | 3,745.62 | 2,537.10 | 2,159.36 |
| Borrowing | 1,627.55 | 1,674.50 | 216.32 | 56.59 |
| Amount in ₹ Lakhs | ||||
WTI Cabs IPO Lead Manager(s)
- Share India Capital Services Private Limited
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalfinancial.com