WTI Cabs IPO is a book built issue of Rs 94.68 crores. The issue is entirely a fresh issue of 64.41 lakh shares.
WTI Cabs IPO opens for subscription on February 12, 2024 and closes on February 14, 2024. The allotment for the WTI Cabs IPO is expected to be finalized on Thursday, February 15, 2024. WTI Cabs IPO will list on NSE SME with tentative listing date fixed as Monday, February 19, 2024.
WTI Cabs IPO price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000.
Share India Capital Services Private Limited is the book running lead manager of the WTI Cabs IPO, while Beetal Financial & Computer Services (P) Limited is the registrar for the issue. The market maker for WTI Cabs IPO is Share India Securities.
Refer to WTI Cabs IPO DRHP for detailed information.
WTI Cabs IPO Details
| IPO Date | February 12, 2024 to February 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹147 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,441,000 shares (aggregating up to ₹94.68 Cr) |
| Fresh Issue | 6,441,000 shares (aggregating up to ₹[.] 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 Timeline (Tentative Schedule)
WTI Cabs IPO opens on February 12, 2024, and closes on February 14, 2024.
| IPO Open Date | Monday, February 12, 2024 |
| IPO Close Date | Wednesday, February 14, 2024 |
| Basis of Allotment | Thursday, February 15, 2024 |
| Initiation of Refunds | Friday, February 16, 2024 |
| Credit of Shares to Demat | Friday, February 16, 2024 |
| Listing Date | Monday, February 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2024 |
WTI Cabs IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
| Lot Size Calculator | |||
WTI Cabs IPO Promoter Holding
The promoters of the company are Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia.
| Share Holding Pre Issue | 95.63% |
| Share Holding Post Issue |
About Wise Travel India Limited
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.
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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 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 After Tax | 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 and Surplus | 3,457.28 | 3,745.62 | 2,537.10 | 2,159.36 |
| Total Borrowing | 1,627.55 | 1,674.50 | 216.32 | 56.59 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of WTI Cabs IPO is Rs 350.03 Cr.
| KPI | Values |
|---|---|
| ROE | 29.79% |
| ROCE | 22.90% |
| Debt/Equity | 0.65 |
| RoNW | 25.28% |
| P/BV | 0 |
Check WTI Cabs IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.93 | 9.52 |
| P/E (x) | 24.81 | 15.45 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (WTI Cabs IPO Objectives)
The company intend to utilize the proceeds of the Issue to meet the following objectives: –
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Wise Travel India Limited Contact Details
Wise Travel India Limited
D-21, Corporate Park,
3rd Floor, Near Sector-8 Metro
Station, Sector-21, Dwarka- 110075
Phone: +91-11-45434542
Email: cs@wti.co.in
Website: https://www.wticabs.com/
WTI Cabs IPO Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalfinancial.com