Wise Travel India IPO
The initial public offering (IPO) of Wise Travel India will open for subscription on February 12 and close on February 14, comprising fresh issues of Rs. 94.68 Crore. An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on February 19, 2024.
#1. Quick Intro to Wise Travel India
Wise Travel India Limited (2009) primarily offers online car rental and taxi booking services in India.
Services include;
- Car rental services
- Employee transport services
- Car leasing
- Coach rentals
- Technology and mobility solutions
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Wise Travel India
The company intends to use the IPO Funds for the following purposes:
- To meet working capital requirements.
- General corporate purpose.
- To meet the issue expenses.
#3. Wise Travel India Core Strengths
- Experienced promoters and management team.
- Quality assurance of our services.
- Established relationships with existing clients.
- Scalable business model.
#4. Wise Travel India IPO Review & Rating
| Issue Size | Rs.94.68 Crore |
| Issue Price | Rs.140 to Rs.147 per share |
| Minimum Lot Size | 1000 Shares |
| Total Profit (March 2023) | Rs.1,029.36 Lakh |
| ROE | 29.79 |
| ROCE | 22.90 |
| Listing on | NSE |
| IPO Deliver Rating | Two |
#5. Wise Travel India IPO Dates, Price Band & Details
Wise Travel India IPO will open on February 12, 2024, and close on February 14, 2024. The IPO is to be listed on February 19, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.94.68 Crore |
| Price Brand | Rs.140 to Rs.147 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 12, 2024 |
| IPO Close Date | February 14, 2024 |
| IPO Allotment Date | February 15, 2024 |
| Refund Date | February 16, 2024 |
| Share Credit Date | February 16, 2024 |
| Listing Date | February 19, 2024 |
#6. Wise Travel India IPO Offer Details
Wise Travel India IPO’s total issue size is 6,441,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 6,441,000 | 94.68 |
| Offer for Sale (OFS) | – | – |
#7. Wise Travel India Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 24,997.04 | 8,970.00 | 4,405.51 |
| Net Worth | 4,061.45 | 2,832.10 | 2,454.36 |
| Profit | 1,029.36 | 377.74 | 172.85 |
| Total Borrowings | 1,674.50 | 216.32 | 56.59 |
#8. Wise Travel India Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 5.93 | 2.33 | 1.07 |
| RoNW (%) | 25.34 | 13.34 | 7.04 |
| NAV (Rs.) | 23.38 | 17.46 | 15.13 |
#9. Wise Travel India Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue | RoNW (%) | NAV (Rs.) |
| Shree OSFM E-Mobility | – | 15.11 | 19.48 |
| Mahindra Logistics | – | 9.84 | 87.24 |
#10. Wise Travel India Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Ashok Vashist |
| 02. | Hema Bisht |
| 03. | Vivek Laroia |
#11. Wise Travel India Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 95.63 |
| Post-issue | 69.76 |
#12. Wise Travel India IPO Reservation Details
Wise Travel India IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Share Offered | Not less than 35% of the issue size |
| QIB Shares Offered | Not more than 50% of the issue size |
| NII (HNI) Shares Offered | Not less than 15% of the issue size |
#13. Wise Travel India IPO – Lot Size
An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1000 | 147,000 |
| Retail (Max.) | 1 | 1000 | 147,000 |
| HNI (Min.) | 2 | 2000 | 294,000 |
#14. Wise Travel India IPO – Prospectus Copy
An investor can download/view the Wise Travel India prospectus copy, which the company filed to exchange, details are as follows.
| Wise Travel India IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Wise Travel India IPO Registrar
Beetal Financial & Computer Services Private Limited
Phone No.: +91-011-29961281-83/26051061/26051064
E-Mail: beetal@beetalfinancial.com
Website: www.beetalfinancial.com
#16. Wise Travel India IPO Lead Manager
Share India Capital Services Private Limited
Phone No.: +91-0120-4910000
E-Mail: anand.srivastava@shareindia.co.in
Website: www.shareindia.co.in
#17. Wise Travel India IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Wise Travel India IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Wise Travel India Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Wise Travel India Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Wise Travel India Company Details
Wise Travel India Limited
Registered Office: D-21, Corporate Park, 3rd Floor, Near Sector-8 Metro Station, Sector-21, Dwarka-110075
Phone No: +91-11-45434542
Email: cs@wti.co.in
Website: www.wticabs.com
Investor Grievances/Compliance Officer: Shivani Rastogi
#19. Wise Travel India Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Wise Travel India Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Vivek Laroia |
| 02. | Manish Kumar Sharma |
Wise Travel India IPO – Frequently Asked Questions (FAQs)
| #1. What is a Wise Travel India IPO?
Wise Travel India brings its IPO of Rs.94.68 Crore, on February 12, 2024, with a price band of Rs.140 to Rs.147 per share. |
| #2. What is the Wise Travel India IPO Open date?
Wise Travel India IPO’s opening date is February 12, 2024. |
| #3. What is the Wise Travel India IPO Close Date?
Wise Travel India IPO’s closing date is February 14, 2024. |
| #4. What is the Wise Travel India IPO Listing date?
Wise Travel India’s IPO listing date is February 19, 2024. |
| #5. What is the Wise Travel India IPO Minimum investment amount?
Wise Travel India IPO’s minimum investment amount is Rs.147,000. |
| #6. What is the Wise Travel India IPO offer issue Size?
Wise Travel India offers an issue size of Rs.94.68 Crore. |
| #7. What is the Wise Travel India IPO Price Band?
Wise Travel India’s IPO price band is Rs.140 to Rs.147 per share. |
| #8. Is Wise Travel India IPO mainboard IPO or SME IPO?
Wise Travel India IPO is an SME IPO. |
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