Wise Travel India was incorporated on 22 April 2009. WTi Cabs is an integrated travel solution company, with diversified portfolios across various travel verticals, managed by professionals.
| Bidding Dates |
|---|
| 12 Feb 2024 - 14 Feb 2024 |
| Subscription |
|---|
| 148.17x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,40,000 | 1 | 1 | 1000 | 6.4 M | ₹140 - ₹147 | 69.76 % | ₹901.7 M - ₹946.8 M | RHP DOC |
Wise Travel IPO SUBSCRIPTION STATUS
15 Feb '24Wise Travel IPO overall subscription rate was 148.17 times the total available shares
Wise Travel IPO retail subscription rate was 139.08 times in the retail segment
Wise Travel IPO non-institutional investor subscription rate was 481.37 times in the non-institutional investor category
Wise Travel IPO Qualified Institutional Bidder subscription rate was 54.58 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
15 Feb 2024 (Day 4) | 139.08x | 481.37x | 54.58x |
14 Feb 2024 (Day 3) | 139.08x | 483.24x | 54.58x |
13 Feb 2024 (Day 2) | 23.5x | 23.18x | 3.6x |
12 Feb 2024 (Day 1) | 9.03x | 4.58x | 0.01x |
Wise Travel FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 113.6 | 1,898.9 | 131.5 | -15.0 | 11.4% |
| FY23 | 102.7 | 2,496.0 | -84.6 | -214.7 | 7.4% |
| FY22 | 37.5 | 886.2 | -28.1 | -45.7 | 6.9% |
| FY21 | 17.8 | 422.7 | 122.1 | 90.7 | 7.1% |
Wise Travel IPO SUBSCRIPTION STATUS DETAILS
Wise Travel had 6.4 M shares on offer
Wise Travel IPO offer price was in the range ₹140 - ₹147
Wise Travel IPO minimum Investment was ₹140000
Wise Travel IPO issue size was ₹ 901.7 M - ₹ 946.8 M
Wise Travel had a minimum lot size of 1000 Shares per application
Wise Travel NUMBER OF SHARES ON OFFER
Wise Travel IPO IMPORTANT DATES
| Issue Open Date | 12 Feb 2024 |
| Issue close Date | 14 Feb 2024 |
| Allotment Date | 15 Feb 2024 |
| Refund Date | 16 Feb 2024 |
| Demat Account Credit Date | 16 Feb 2024 |
| Listing Date | 19 Feb 2024 |
| Listing on Exchange(s) | NSE |
| Wise Travel Allotment Status | Exchange |
Wise Travel IPO subscription opened on 12 Feb 2024, and closed on 14 Feb 2024
IPO allotment for Wise Travel was finalized on Thursday, 15 Feb 2024
IPO listing for Wise Travel was on NSE on Monday, 19 Feb 2024
Wise Travel IPO LISTING GAINS
| Issue Price (adjusted) | 147.0 |
| Listing Open Price | 195.0 |
| Listing Close Price | 204.8 |
| Listing Gain% | 32.6% |
| Current Gain% | -23.5% |
Wise Travel Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wise Travel India Ltd. | 112.5 | 267.9 | 9.8 | 0.6 | 0.3 | 13.6 | 5.5 | 832.1 | 50.1 | 27.5 | 17.6 | 11.5 | 17.6 |
| BlackBuck Ltd. | 576.3 | 10497.3 | 62.2 | 0 | 14.7 | 11.3 | 9.2 | 714.6 | 54.5 | 160.3 | 1952.6 | 9.3 | 4749.2 |
| TVS Supply Chain Solutions Ltd. | 128.4 | 5666.2 | 87.5 | 3 | 0.5 | 5.6 | 1.6 | 11040.8 | 10.1 | 114.3 | 940.9 | 1.5 | 28.8 |
| Sanghvi Movers Ltd. | 511.4 | 4427.5 | 22.2 | 1.1 | 3.8 | 14.1 | 7.9 | 1099.6 | 33.6 | 184.3 | 17.7 | 23 | 19.8 |
| Kernex Microsystems (India) Ltd. | 2310.1 | 3881.8 | 43.9 | 0.6 | 9 | 35.6 | 9.6 | 432.5 | 126.2 | 88.3 | 75.8 | 52.6 | 75.8 |
| TIL Ltd. | 232.5 | 1846.5 | -60 | 0.1 | 5.7 | -27.7 | -4.5 | 337.4 | -1.7 | -30.8 | -1175.9 | -3.9 | -1175.9 |
Wise Travel INFORMATION ON IPO ISSUE
About Wise Travel
Wise Travel India was incorporated on 22 April 2009. WTi Cabs is an integrated travel solution company, with diversified portfolios across various travel verticals, managed by professionals.
Object of the Issue
- To meet working capital requirement
- General corporate purpose
- To meet the issue expenses
Wise Travel - PROMOTERS
| Name |
|---|
| Ashok Vashist |
| Hema Bisht |
| Vivek Laroia |
Wise Travel Lead Manager of the Issue
Share India Capital Services Private Limited
anand.srivastava@shareindia.co.in
Wise Travel Registrar to the issue
Beetal Financial & Computer Services Private Limited
beetal@beetalfinancial.com
Wise Travel Strengths
Scalable business model
The company has a scalable business model, which is order-driven and comprises optimum utilization of its existing resources
Existing client relationship
The company has earned a reputation based upon which it has been successful in retaining its reputed clients
Wise Travel Risks
Outstanding legal proceedings
There are outstanding legal proceedings and litigations against and by the company, its promoters, directors, and subsidiaries
Negative cash and cash equivalents
The company has experienced negative cash and cash equivalents generated during the year in the past and may, in the future, experience similar negative cash flows
IPO FAQs
The promoters of the company are Ashok Vashist, Hema Bisht and Vivek Laroia.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 140.0 - 147.0.
The IPO application opens on Feb 12, 2024 and closes on Feb 14, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 140,000.0, the maximum value for this IPO is Rs 147,000.0.
This IPO will be allotted on Feb 15, 2024.
The refund will be credited to your account on Feb 16, 2024.
The allotted shares will be credited to your demat on Feb 16, 2024.
Wise Travel India Ltd.’s shares listed on the stock exchanges on Feb 19, 2024.