Wise Travel India Ltd

E-Commerce/App based Aggregator

Offer Period :

12th to 2nd Feb 2024

Established in 2009, Wise Travel India Limited is a transport company offering car rentals and transportation services across 130 cities in India. With a wide range of services, including employee transportation, Read more... flexible rental plans, and cutting-edge mobility tech, the company serves clients like Nokia, Amazon, and Microsoft, boasting a team of 784 employees as of October 31, 2023.Read less

Wise Travel India Ltd IPO Details

IPO Date 12th to 2nd Feb 2024 Minimum Investment ₹147000 / 1 Lots
Listing Date 2024-02-19 Maximum Investment ₹147000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹94.68 Crores
Price ₹147 to ₹147 per share Fresh Issue ₹94.68 Crores
Lot Size 1 Lots (1000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 12th to 2nd Feb 2024
Listing Date 2024-02-19
Face Value ₹10 per share
Price ₹147 to ₹147 per share
Lot Size 1 Lots (1000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹147000 / 1 Lots
Maximum Investment ₹147000 / 1 Lots
Total Issue Size ₹94.68 Crores
Fresh Issue ₹94.68 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

12th Feb

IPO Starts

14th Feb

IPO Ends

15th Feb

Allotment Date

16th Feb

Initiation of Refund

16th Feb

Credit of Shares to Demat Account

19th Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 95.53 69.69
Public Group 4.47 30.31

Wise Travel India Ltd IPO Reservation

QIB Shares Offered 1190400(18.48%)
NII (HNI) Shares Offered 894000(13.88%)
Retail Shares Offered 2084000(32.36%)
Anchor Investor Shares Offered 1785600(27.72%)
Total Shares Offered 6441000
Total Shares With Anchor Investor 6441000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Wise Travel India Ltd IPO Registrar

Beetal Fin.& Comp. Ser.(P) Ltd
Phone Number 011-2996 128 011-29961281-83/
Email Id beetal@beetalfinancial.com / beetalrta@gmail.com
Our Website

Wise Travel India Ltd IPO Lead Manager

1. Share India Capital Services Pvt Ltd

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Wise Travel India Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Wise Travel India Ltd

1. Experienced Promoters and Management Team.

2. Quality Assurance of its Services.

3. Established relationship with existing client.

4. Scalable Business Model.

Risks Involved

1. There are outstanding legal proceedings and litigations against and by the Company, its Promoters, its Directors and its Subsidiaries. Any adverse outcome in any of these proceedings may affect its profitability and reputation and may effect on its results of operations and financial condition.

2. The company has negative cash and cash equivalents generated during the year in the past based on the Restated Financial Statement of the Company and may, in future, experience similar negative cash flows.

3. Its Registered Office, fleet parking space and branch office premises on Pan India basis are located on leased premises and there can be no assurance that these lease agreements will be renewed upon termination or that its will be able to obtain other premise on lease on same or similar commercial terms.

4. The Company has a subsidiary namely, PT. WTI Trading & Mining Ventures (Indonesia), Audited Financials are not available with the Company.

5. The company does not own registered trademark "WTi Intelligent Mobility". Its in ability or failure to protect its trademark may adversely affect its business on account of possible misuse by any third party.

6. The Company has not complied or delayed in compliances with some statutory provisions of the Companies Act 2013. Such non-compliance and delayed compliance may attract penalties against the company which could impact the financial position of it to that extent.

7. The Company has obtained Trade License from the local government authority of Bangalore for trade in all food items instead of supply of cab services.

8. Its inability to receive or renew the necessary licenses, approvals and registrations in a timely manner or at all may lead to interruption of the Company's operations.

9. The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".

10. The company has issued Equity Shares during the preceding twelve months at a price which may be below the Issue Price.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 121.63 60.03 52.74
Total Liabilities 121.63 60.03 52.74
Total Expenses 236.15 84.79 41.81
Total Revenue 
249.98 89.71 44.07
Profit After Tax 10.27 3.75 1.78
EBITDA 18.96 7.21 4.8
Adjusted EBITDA 0 0 0

Wise Travel India Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-19 92591 WTICAB
INE623Y01011
₹147 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹147 ₹147
Open ₹0 ₹195
Low ₹0 ₹195
High ₹0 ₹204.75
Low ₹0 ₹195

Frequently Asked Questions

What is Wise Travel India Ltd IPO?

Answer Field

Wise Travel India Ltd IPO is a SME IPO of 64,41,000 equity shares of a face value of ₹10 aggregating up to ₹94.68 Crores. The issue is priced at ₹147 to ₹147 per share. The minimum order quantity is 1000 Shares. The IPO opens on February 12, 2024, and closes on February 14, 2024. Beetal Fin.& Comp. Ser.(P) Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Wise Travel India Ltd IPO will open?

Answer Field

The Wise Travel India Ltd IPO opens on February 12, 2024 and closes on February 14, 2024.

What is the lot size of Wise Travel India Ltd?

Answer Field

Wise Travel India Ltd lot size is 1000 shares, and the minimum amount required is ₹1,47,000.

How to apply for Wise Travel India Ltd IPO?

Answer Field

You can apply in Wise Travel India Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Wise Travel India Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Wise Travel India Ltd IPO will be done on February 15, 2024, and the allotted shares will be credited to your demat account by February 16, 2024.

When is Wise Travel India Ltd IPO listing date?

Answer Field

The Wise Travel India Ltd listing date is February 19, 2024.

Who is the registrar of Wise Travel India Ltd IPO?

Answer Field

The registrar of Wise Travel India Ltd IPO is Beetal Fin.& Comp. Ser.(P) Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Share India Capital Services Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Wise Travel India Ltd IPO?

Answer Field

The fresh issue size is ₹94.68 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Wise Travel India Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1000 shares and ₹1,47,000 amount.

How can I approve the UPI mandate request for Wise Travel India Ltd IPO?

Answer Field

To apply for Wise Travel India Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Wise Travel India Ltd?

Answer Field

The price of each Wise Travel India Ltd share will be ranging in between ₹147 to ₹147 per share.

What is the cut-off time for the UPI mandate for Wise Travel India Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 14, 2024.

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