Trekkingtoes.com was incorporated on December 13, 2012, as "Fylfot Comtech Private Limited". The company is engaged in the business of offering a travel aggregator platform to cab rental services to a wide range of customers via Call booking Service, Website, and mobile application.
| Bidding Dates |
|---|
| 18 Aug 2020 - 20 Aug 2020 |
| Subscription |
|---|
| 1.55x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 1200 | 433.2 K | ₹105 | 72.96 % | ₹45.5 M | RHP DOC |
Trekkingtoes.com IPO SUBSCRIPTION STATUS
20 Aug '20Trekkingtoes.com IPO overall subscription rate was 1.55 times the total available shares
Trekkingtoes.com IPO retail subscription rate was 2.8 times in the retail segment
Trekkingtoes.com IPO non-institutional investor subscription rate was 0.29 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
18 Aug 2020 (Day 1) | 0.99x | 0x | - |
19 Aug 2020 (Day 2) | 1.95x | 0.13x | - |
20 Aug 2020 (Day 3) | 2.8x | 0.29x | - |
Trekkingtoes.com 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) |
| FY20 | 0.3 | 23.0 | -9.1 | -10.4 |
| FY19 | -10.7 | 48.0 | -5.5 | -8.2 |
| FY18 | -4.4 | 31.6 | -2.1 | -3.6 |
Trekkingtoes.com IPO SUBSCRIPTION STATUS DETAILS
Trekkingtoes.com had 433.2 K shares on offer
Trekkingtoes.com IPO offer price was ₹105
Trekkingtoes.com IPO minimum Investment was ₹126000
Trekkingtoes.com IPO issue size was ₹ 45.4 M
Trekkingtoes.com had a minimum lot size of 1200 Shares per application
Trekkingtoes.com NUMBER OF SHARES ON OFFER
Trekkingtoes.com IPO IMPORTANT DATES
| Issue Open Date | 18 Aug 2020 |
| Issue close Date | 20 Aug 2020 |
| Allotment Date | 25 Aug 2020 |
| Refund Date | 26 Aug 2020 |
| Demat Account Credit Date | 27 Aug 2020 |
| Listing Date | 28 Aug 2020 |
| Listing on Exchange(s) | BSE |
| Trekkingtoes.com Allotment Status | Exchange |
Trekkingtoes.com IPO subscription opened on 18 Aug 2020, and closed on 20 Aug 2020
IPO allotment for Trekkingtoes.com was finalized on Tuesday, 25 Aug 2020
IPO listing for Trekkingtoes.com was on BSE on Friday, 28 Aug 2020
Trekkingtoes.com IPO LISTING GAINS
| Issue Price (adjusted) | 105.0 |
| Listing Open Price | 105.0 |
| Listing Close Price | 99.8 |
| Listing Gain% | 0.0% |
| Current Gain% | -72.2% |
Trekkingtoes.com INFORMATION ON IPO ISSUE
About Trekkingtoes.com
Trekkingtoes.com was incorporated on December 13, 2012, as "Fylfot Comtech Private Limited". The company is engaged in the business of offering a travel aggregator platform to cab rental services to a wide range of customers via Call booking Service, Website, and mobile application.
Object of the Issue
- Strategic initiatives and investments;
- Repayment and pre-payment of a portion of certain indebtedness availed by the company
- General corporate purposes
Trekkingtoes.com - PROMOTERS
| Name |
|---|
| Sahil Agrawal |
| Sagar Agrawal |
Trekkingtoes.com Lead Manager
Fast Track Finsec Private Limited
pavanmahur@ftfinsec.com
Trekkingtoes.com Registrar to the issue
Kfin Technologies Private Limited
hippocabs.ipo@kfintech.com
Trekkingtoes.com Strengths
Experienced management
The management team has the requisite experience to manage the current scale of business as well as the expansion plans for the future.
Skilled and dedicated manpower
The company is managed by a team of well-experienced and highly knowledgeable personnel
One way payment by customers
Following a route-specific approach, the company is able to manage the demand and supply on both sides of the route, enabling the client to pay only for one way and for drivers to have customers on both the sides
Trekkingtoes.com Risks
Significant competition
The company faces significant competition in business from Indian and international companies
Limiitied operating history
The company has a limited operating history and may be subject to risks inherent in early-stage companies
IPO FAQs
The promoters of the company are Sahil Agrawal and Sagar Agrawal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 105.0 - 105.0.
The IPO application opens on Aug 18, 2020 and closes on Aug 20, 2020.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Aug 25, 2020.
The refund will be credited to your account on Aug 26, 2020.
The allotted shares will be credited to your demat on Aug 27, 2020.
Trekkingtoes.com Ltd.’s shares listed on the stock exchanges on Aug 28, 2020.