IPO Details

Bidding Dates

11 Feb '24 - 13 Feb '24

Minimum Investment

₹1,47,000

Price Range

₹140 - ₹147

Maximum Investment

₹1,47,000

Retail Discount

Not Applicable

Issue Size

₹94.68 Cr

Investor category and sub category

Retail Individual Investors  |   Non-Institutional Investors  |   Qualified Institutional Buyers (QIB)   |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Feb 11, 2024

Closing Date

Feb 13, 2024

Basis of Allotment

Feb 14, 2024

Initiation of Refunds

Feb 15, 2024

Credit of Shares to Demat

Feb 15, 2024

Listing Date

Feb 18, 2024

UPI Mandate Expiry Date

Feb 13, 2024

WTI Cabs IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Feb 11, 2024

0.02x 3.60x 7.26x 4.35x

Day 2Feb 12, 2024

7.04x 7.67x 15.53x 11.29x

WTI Cabs IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 7.04
Non-Institutional Buyers 7.67
Retail Investors 15.53
Total 11.29

About Wise Travel India Limited

Incorporated in 2009, Wise Travel India Limited is a transportation service provider with an objective to redefine urban mobility and metamorphose the fabric of daily commutes. The company offers various services, such as car rental, employee transportation, end-to-end employee transport solutions, flexible fixed/monthly rental plans, fleet management, sustainable mobility and more.

The company offers services all over the country, including Delhi, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. In 2023, they initiated operations in Dubai.

Over the years, the transportation industry in India has undergone significant changes, evolving in infrastructure and consumer preferences. The Cab Service Industry is poised for a strong CAGR in value by 2028. The growing prevalence of smartphones and internet accessibility has contributed to the surge in ride-hailing app usage, simplifying the process of cab booking for consumers. This sector's outlook is anticipated to impact Wise Travel India Limited's business prospects positively.

Wise Travel India Limited IPO (WTI Cabs IPO) Details

Wise Travel India Limited IPO Dates

WTI Cabs IPO will open on February 12, 2024, and close on February 14, 2024. The IPO will be listed on the NSE Emerge on February 19, 2024.

Wise Travel India Limited IPO Price Band

WTI Cabs IPO is a fresh issue of 64,41,000 equity shares. The price of the IPO is ₹140 to ₹147 per share.

Wise Travel India Limited IPO Lot Size

Wise Travel India Limited’s IPO lot size is 1,000 shares.

Wise Travel India Limited IPO Objectives

The objectives of Wise Travel India Limited's IPO are listed below:

  • To meet the working capital requirements.
  • To meet issue expenses.
  • For general corporate purposes.

Peer Details

As per DRHP, the listed peers whose business portfolio is comparable to the company are as follows:

  • Shree OSFM E-Mobility Limited
  • Mahindra Logistics Limited

How To Check the Wise Travel India Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app.
  • Go to the IPO Section and then to IPO Orders.
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the Wise Travel India Limited IPO.

Contact Details of Wise Travel India Limited IPO

  • Registered office: 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

IPO Financials

Particulars Year ending on March 31, 2023 (₹ lakh) Year ending on March 31, 2022 (₹ lakh) Year ending on March 31, 2021 (₹ lakh)
Revenue from Operations 24,959.87 8,862.41 4,226.80
Profit After Tax (PAT) 1,026.87 375.33 177.59
EPS (₹) 5.93 2.33 1.07
Net Worth 4,061.45 2,832.10 2,454.36
Total Borrowings 1,674.50 216.32 56.59

Know before investing

Strengths

3
  1. The company has long-term relationships with its existing clients, which helps in its business.

  2. The company aims to build long-term sustainable business relationships with our customers to generate increasing revenues.

  3. The company plans to expand their geographical reach and enter the large domestic as well as global markets for growth opportunities for the business.

Risks

2
  1. The company has negative cash and cash equivalents generated during the year in the past and may, in future, experience similar negative cash flows.

  2. The company’s inability to receive or renew the necessary licenses, approvals and registrations in a timely manner or at all may lead to interruption of their operations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Wise Travel India Limited IPO (WTI Cabs IPO) FAQs

What is Wise Travel India Limited's IPO?

The WTI Cabs IPO is a fresh issue of 64,41,000 equity shares. The price of the IPO is ₹140 to ₹147 per share. The IPO will open on February 12, 2024.    

When will Wise Travel India Limited's IPO be allotted?

The Basis of Allotment will happen on Thursday, February 15, 2024.

When will Wise Travel India Limited's IPO open for subscription?

The WTI Cabs IPO subscription window will open on Monday, February 12, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.

When will Wise Travel India Limited list on exchanges?

Wise Travel India Ltd IPO will be listed on the NSE Emerge on Monday, February 19, 2024.

How do I check the allotment status of the Wise Travel India Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Wise Travel India Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is February 19, 2024, for Wise Travel India Ltd.

I have finished the application process for the Wise Travel India Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Wise Travel India Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Wise Travel India Limited using one PAN?

You can submit only one application using your PAN card.