WTI Cabs IPO Details ( Wise Travel India Limited IPO Review )
(12 Feb 2024 – 14 Feb 2024)
Established in 2009, Wise Travel India Limited is a transportation company specializing in car rentals and transportation services. Our services are available across 130 cities in India.
We provide a diverse range of services, including car rentals, employee transportation, comprehensive 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.
Wise Travel India offers a wide selection of rental cars, including executive cars, luxury cars, coaches, SUVs, and sedans.
Our services are accessible in key cities such as Delhi NCR, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. Our esteemed clientele includes Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola, American Express, Renault, LinkedIn, Hitachi, Cheli, Sapient, Panasonic, and more.
As of October 31, 2023, Wise Travel India Limited has a dedicated team of 784 employees, including directors on its payroll.
WTI Cabs Limited IPO Competitive Strength
- Leveraging the experience of our Promoter
- Existing client relationship
- Quality Assurance of our Services
- Customer satisfaction and revenues from long standing customer relationships
- Scalable Business Model
WTI Cabs IPO Financials Performance ( Results )
WTI Cabs Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 5,271.17 | 4,405.51 | 172.85 | 1.09 | 2,454.36 | 15.14 | 2,159.36 | 56.59 |
| 31-Mar-22 | 6,002.64 | 8,970.00 | 377.74 | 2.31 | 2,832.10 | 17.45 | 2,537.10 | 216.32 |
| 31-Mar-23 | 12,161.21 | 24,997.04 | 1,029.36 | 5.91 | 4,061.45 | 23.39 | 3,745.62 | 1,674.50 |
| 30-Sep-23 | 13,427.82 | 19,016.53 | 1,132.91 | 6.54 | 5,194.36 | 29.89 | 3,457.28 | 1,627.55 |
Objective of WTI Cabs IPO Issue
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Wise Travel IPO Basic Details
| IPO Date | Feb 12, 2024 to Feb 14, 2024 |
| Listing Date | Monday, February 19, 2024 |
| Face Value | ₹10 per share |
| Price | ₹140 to ₹147 per share |
| Lot Size | 1000 Shares |
| Issue Size | 6,441,000 shares of ₹10 (aggregating up to ₹94.68 Cr) |
| Fresh Issue | 6,441,000 shares of ₹10 (aggregating up to ₹94.68 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 |
| Company Promoters | Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia |
Wise Travel India IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| Total Shares Offered | 100% of the Net Issue |
Wise Travel IPO Timetable
Wise Travel IPO will open on February 12, 2024 and close on February 14, 2024. You can join Wise Travel IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 12 February 2024 (Monday) |
| Closing Date | 14 February 2024 (Wednesday) |
| Basis of Allotment | 15 February 2024 (Thursday) |
| Initiation of Refunds | 16 February 2024 (Friday) |
| Credit of Shares to Demat | 16 February 2024 (Friday) |
| Listing Date | 19 February 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 14 February 2024 |
Wise Travel India IPO Lot Size
For retail investors in Wise Travel India IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹147,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹147,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| S-HNI (Min) | 2 | 2000 | ₹294,000 |
Wise Travel India IPO Promoter Holding
The company’s promoters include Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia.
| Pre Issue Share Holding | 95.63% |
| Post Issue Share Holding | 69.76% |
Wise Travel India Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 350.03 |
| Earning Per Share (EPS) | ₹9.52 per Equity Share |
| Net Asset Value (NAV) | ₹23.39 per Equity Share |
| P/E Ratio (P/E) (x) | 24.81 |
| Post P/E Ratio (P/E) (x) | 15.45 |
| Return on Net Worth (RoNW) (%) | 25.28 |
| Return on equity (ROE) (%) | 29.79 |
| Return on Capital Employed (ROCE) (%) | 22.90 |
| Debt/Equity Ratio | 0.65 |
| Price/Book Value Ratio | 6.28 |
Wise Travel IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹135 | – | – |
| 10 February 2024 | ₹135 | – | – |
| 9 February 2024 | ₹135 | – | – |
Wise IPO Detail Video:
Wise Travel IPO Subscription Status (Bidding Detail)
The Wise Travel IPO on February 14, 2024 at 7:00:00 PM was subscribed 163.46 times, with the retail category being subscribed 108.76 times, the NII (Non-Institutional Investor) category being subscribed 375.56 times, QIB (Qualified-Institutional Buyers) category being subscribed 106.69 times.
| Category | Subscription |
| QIB | 106.69x |
| NII | 375.56x |
| Retail | 108.76x |
| Total | 163.46x |
WTI Cabs IPO Prospectus
WTI Cabs IPO Rating
| Our Rating | 4.0/5.0 |
WTI Cabs Company Contact Information
Wise Travel India Limited
Registered & Corporate Office: D-21, Corporate Park, 3rd Floor, Near Sector-8 Metro Station, Sector-21, Dwarka- 110075
Tel. No.: +91-11-45434542
Email: cs@wti.co.in
Website: www.wticabs.com
Contact Person: Ms. Shivani Rastogi, Company Secretary and Compliance Officer.
Our Promoters: Mr. Ashok Vashist; Ms. Hema Bisht and Mr. Vivek Laroia
WTI Cabs IPO Registrar
Beetal Financial & Computer Services (P) Limited
Registered Office: 3rd Floor, Beetal House, 99, behind Local Shopping Centre, Madangir Village, Madangir, New Delhi, Delhi 110062
Tel. No.: 011-2996 128 011-29961281-83/26051061/260510641
Email: beetal@beetalfinancial.com / beetalrta@gmail.com
Website: www.beetalfinancial.com
Contact Person: Mr. Punit Kumar Mittal
SEBI Registration No.: INR000000262
WTI Cabs IPO Lead Manager
Share India Capital Services Private Limited
Registered Office: A-15, Sector-64, Noida – 201301, Uttar Pradesh, India
Tel. No.: +91-0120-4910000
Email: anand.srivastava@shareindia.co.in
Website: www.shareindia.com
Investor Grievance Email: info@shareindia.com
Contact Person: Mr. Anand Srivastava
SEBI Registration No.: INM000012537
WTI Cabs IPO FAQs
What is the lot size of WTI Cabs IPO?
The total size of WTI Cabs IPO is ₹94.68 crores and this is a complete fresh Issue.
When will WTI Cabs IPO start?
WTI Cabs IPO will open from 12 February 2024 and IPO will close on 14 February 2024.
What is the open date of WTI Cabs IPO?
WTI Cabs IPO will open date from 12 February 2024.
What is the last date ( close date ) of WTI Cabs IPO?
WTI Cabs IPO will close from 14 February 2024.
What is the price band of WTI Cabs IPO?
WTI Cabs IPO price band is ₹140 to ₹147. ( Upper Price Band: ₹147, Lower Price Band: ₹140 )
What is the minimum amount required to apply for WTI Cabs IPO?
The minimum investment for retailers to apply for WTI Cabs IPO is ₹147,000 and the maximum investment is ₹147,000.
What is going on gray market premium of WTI Cabs IPO?
View gray market premium of WTI Cabs IPO by Clicking Here
How much is the GMP of WTI Cabs IPO?
Watch WTI Cabs IPO GMP Today: Click Here
What is the allotment date of WTI Cabs IPO?
The allotment date of WTI Cabs IPO is 15 February 2024.
How to check allotment status in WTI Cabs IPO?
To check the allotment status of WTI Cabs IPO, first of all go to the registrar website by clicking here, select your bad WTI Cabs IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of WTI Cabs IPO?
The listing date of WTI Cabs IPO is 19 February 2024.
How much will be the listing gain in WTI Cabs IPO?
View listing gain of WTI Cabs IPO by Clicking Here
How much time WTI Cabs IPO is subscribed?
Total 163.46 times subscribed in WTI Cabs IPO out of which 108.76 times subscription was done in retail quota, 375.56 times subscription in NII quota and 106.69 times subscription in QIB quota.
How to apply for WTI Cabs IPO from Upstox?
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How to apply for WTI Cabs PO from Zerodha?
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How to apply for WTI Cabs IPO from Angle One?
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