WTI Cabs IPO will open for subscription from 12 February 2024. The company aims for an issue size of ₹94.68 Cr through this IPO.
Company Overview
| Full name | Wise Travel India Limited |
| Sector | Hospitality |
| Industry | Travel Services |
| Company Website | https://www.wticabs.com/ |
About Company
Incorporated in 2009, Wise Travel India (WTi) emerged as a leading force in India’s mobility sector. Since that time, its unwavering dedication has redefined urban mobility and transformed the nature of daily commutes. With India’s urban population growing at an annual rate of 2.5%, surpassing 400 million urban residents, the demand for advanced and environmentally conscious mobility solutions is crucial.
WTi is set to make its international debut by commencing operations in Dubai. During this period, 17 airport counters were established, providing travelers with seamless transportation services right from their point of arrival. Concurrently, as part of its commitment to the future of the industry and the company, WTi introduced a Management Trainee Program. This initiative aims to mold the next generation of Mobility Services leaders, ensuring the continuation of the brand’s ethos with the same passion.
Operating in Delhi NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata, the company serves esteemed clients such as Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola, American Express, Renault, LinkediN, Hitachi, Cheli, Sapient, Panasonic, and more. Unleashing excellence across diverse sectors.
The Objectives of the Issue
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
WTI Cabs IPO Timetable
| IPO Opening date | 12 February 2024 |
| IPO Closing | 14 February 2024 |
| Basis of Allotment | 15 February 2024 |
| Initiation Refund | 16 February 2024 |
| Credit to Demat Account | 16 February 2024 |
| Listing Date | 19 February 2024 |
WTI Cabs IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹94.68 Cr – 6,441,000 shares |
| Fresh Issue | ₹94.68 Cr – 6,441,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹140 to ₹147 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 438,000 shares |
| Shareholding pre-issue | 17,370,837 |
| Shareholding post-issue | 23,811,837 |
| Listing Exchange | NSE SME |
WTI Cabs IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
WTI Cabs IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,785,000 (27.71%) |
| Market Maker Shares Offered | 438,000 (6.80%) |
| QIB Shares Offered | 1,191,000 (18.49%) |
| NII (HNI) Shares Offered | 894,000 (13.88%) |
| Retail Shares Offered | 2,084,000 (32.36%) |
| Total Shares Offered | 6,441,000 (100%) |
WTI Cabs Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 42.27 | 88.62 | 249.60 | 189.89 |
| Expenses | 41.81 | 84.79 | 236.15 | 175.34 |
| Net income | 1.78 | 3.75 | 10.27 | 11.36 |
WTI Cabs Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.09 | 2.31 | 5.91 |
| PE ratio | – | – | 23.69 – 24.87 |
| RONW (%) | 7.23 | 13.25 | 25.28 |
| NAV | 15.14 | 17.45 | 23.39 |
| ROCE (%) | 8.96 | 17.57 | 22.90 |
| EBITDA (%) | 7.11 | 6.91 | 7.44 |
| Debt/Equity | 0.28 | 0.13 | 0.65 |
Company Promoters
- Mr. Ashok Vashist
- Ms. Hema Bisht
- Mr. Vivek Laroia.
Promoter Holding
| Pre Issue Share Holding | 95.63% |
| Post Issue Share Holding | 69.76% |
WTI Cabs IPO Lead Manager(s)
SHARE INDIA CAPITAL SERVICES PVT. LTD.
A-15, Sector-64,
Noida –201301, UP, India
Phone: +91-0120-4910000
Email: info@shareindia.com
Website: www.shareindia.com
WTI Cabs Registrar
BEETAL FINANCIAL & COMPUTER SERVICES (P) LIMITED
3rd Floor, Beetal House, 99,
behind Local Shopping Centre, Madangir
Village, Madangir, New Delhi, Delhi 110062
Tel: 011-2996 128 011-29961281-83/26051061/260510641
E-mail: beetal@beetalfinancial.com / beetalrta@gmail.com
Website: www.beetalfinancial.com
WTI Cabs 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
E-mail: cs@wti.co.in
Website: www.wticabs.com
WTI Cabs IPO Allotment Status
WTi Cabs IPO allotment status will be available on the Beetal Financial & Computer Services website. Click on this link to get allotment status.
Final thoughts
WTI Cabs IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
