The WTI Cabs IPO started on February 12, 2024, and ended on February 14, 2024. Shares were allocated on February 15, 2024, and refund processes began on February 16, 2024. On February 16, 2024, the shares were credited to investors demat accounts. WTI Cabs was officially listed on the stock exchange on February 19, 2024.
During the IPO, WTI Cabs offered shares at a price range of ₹140 to ₹147 per share, and the lot size was 1000 shares. The total issue size was ₹94.68 crores, with ₹94.68 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
WTI IPO Subscription Update Video
WTI Cabs IPO Subscription Status
The WTI Cabs IPO on February 14, 2024 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, the QIB (Qualified-Institutional Buyers) category being subscribed 106.69 times.
| Category | Subscription |
| QIB | 106.69x |
| NII | 375.56x |
| Retail | 108.76x |
| Total | 163.46x |
Wise Travel IPO Basic Details
| Company Name | Wise Travel India Limited |
| Domain of Company | Transport Service Provider |
| WTI Cabs IPO Open Date | February 12, 2024 |
| WTI Cabs IPO Close Date | February 14, 2024 |
| WTI Cabs IPO Allotment Date | February 15, 2024 |
| WTI Cabs IPO Listing Date | 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 |
| Company Promoters | Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia |
About Wise Travel India Limited
Established in 2009, Wise Travel India Limited is a transportation company specializing in car rentals and transportation services, operating in 130 cities across India.
We provide a wide range of services, including car rentals, 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.
At WTI, we offer diverse rental car options, including executive cars, luxury cars, coaches, SUVs, and sedans.
Our services are available in major cities like 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 many more.
As of October 31, 2023, Wise Travel India Limited has a dedicated team of 784 employees, including directors, committed to providing excellent transportation solutions.
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WTI Cabs IPO FAQs
What is the start and end date of WTI Cabs IPO Subscription?
The WTI Cabs IPO started on February 12, 2024, and ended on February 14, 2024.
When does WTI Cabs IPO Subscription open?
The WTI Cabs IPO open on February 12, 2024.
When does WTI Cabs IPO Subscription close?
The WTI Cabs IPO Close on February 14, 2024.
What is the allotment date of WTI Cabs IPO?
The allotment date for WTI Cabs IPO is February 15, 2024.
When is the initial refund date of WTI Cabs IPO?
The initial Refund date for WTI Cabs IPO is February 16, 2024.
When were the shares credited to investors demat accounts for the WTI Cabs IPO?
The shares for the WTI Cabs IPO were credited to investors demat accounts on February 16, 2024.
When will WTI Cabs IPO be listed on the stock market?
WTI Cabs IPO stock market will be listed on February 19, 2024 at 10 am.
What was the price range of the WTI Cabs IPO shares?
The WTI Cabs IPO shares were offered at a price range of ₹140 to ₹147 per share.
What was the lot size for the WTI Cabs IPO shares?
The lot size for the WTI Cabs IPO shares was 1000 shares.
What was the total issue size of the WTI Cabs IPO?
The total issue size of the WTI Cabs IPO was ₹94.68 crores.
How were the shares allocated among different types of investors for the WTI Cabs IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the WTI Cabs IPO listed?
The WTI Cabs IPO was listed on the NSE SME.
What is the WTI Cabs IPO Subscription Status?
WTI Cabs IPO is subscribed 163.46 Times.
