The WTi Cabs IPO date has been confirmed from February 12, 2024 and closes on February 14, 2024. Read the post to learn about WTi Cabs IPO GMP.
WTi Cabs plans to raise Rs 94.68 crores through an initial public offering. Its price band is set at ₹140 to ₹147 per share. The minimal lot size for an operation is 1000 Shares. The minimal quantum of investment needed by retail investors is ₹ 147,000. The minimal lot size investment for HNI is 2 lots( 2,000 shares) amounting to ₹ 294,000.
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Key Details Of WTi Cabs IPO:
Bidding Dates
February 12-14
Price Range
₹140 to ₹147 per share
Face Value
₹10 per share
GMP
₹71
WTi Cabs IPO GMP
WTi Cabs Limited IPO GMP Today is ₹71.
WTi Cabs IPO Overview
WTI Cabs ’ IPO is a book- erected allocation worth Rs 94.68 crore. The IPO is wholly new, totaling 64.41 lakh shares. WTI Cabs ’ IPO will begin on February 12, 2024 and end on February 14, 2024. The allotment for the WTI taxicabs IPO is anticipated to be completed on Thursday, February 15, 2024.
The WTI taxicabs IPO will be listed on NSE SME, with a conditional table date of Monday, February 19, 2024. WTI taxicabs IPO price range is ₹ 140 to ₹ 147 per share. WTi Cabs Limited IPO GMP is ₹71. A minimum of 1000 shares is required for an operation’s lot size. For retail investors, ₹ 147,000 is the minimum investment required. HNIs can spend as little as ₹ 294,000 for 2 lots, or 2,000 shares.
WTi Cabs IPO Details
| IPO Date | February 12, 2024 to February 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹147 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,441,000 shares (aggregating up to ₹94.68 Cr) |
| Fresh Issue | 6,441,000 shares (aggregating up to ₹[.] 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 |
| Market Maker portion | 438,000 shares |
Wise Travel India Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 13,427.82 | 12,161.21 | 6,002.64 | 5,271.17 |
| Revenue | 19,016.53 | 24,997.04 | 8,970.00 | 4,405.51 |
| Profit After Tax | 1,132.91 | 1,029.36 | 377.74 | 172.85 |
| Net Worth | 5,194.36 | 4,061.45 | 2,832.10 | 2,454.36 |
| Reserves and Surplus | 3,457.28 | 3,745.62 | 2,537.10 | 2,159.36 |
| Total Borrowing | 1,627.55 | 1,674.50 | 216.32 | 56.59 |
| Amount in ₹ Lakhs | ||||
WTI Cabs IPO Timeline
| IPO Open Date | Monday, February 12, 2024 |
| IPO Close Date | Wednesday, February 14, 2024 |
| Basis of Allotment | Thursday, February 15, 2024 |
| Initiation of Refunds | Friday, February 16, 2024 |
| Credit of Shares to Demat | Friday, February 16, 2024 |
| Listing Date | Monday, February 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2024 |
Company Profile
Wise Travel India Limited, innovated in 2009, is a transportation establishment that provides machine reimbursement and transportation services. The organisation provides services in 130 metropolises in India. The company provides a variety of services, including auto reimbursement, hand transportation, end- to- end hand transport results( MSP), flexible fixed/ yearly reimbursement plans, field counters, line operation, mobility services for MICE, cutting- edge mobility tech results, sustainable mobility, design mobility results, strategic mobility consulting and advisory, and community commute.
WTI provides a wide range of rental buses , including administrative buses , luxury buses , trainers, SUVs, and cruisers. The organisation provides services in metropolises including Delhi, NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. Nokia, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, Coca-Cola, American Express, Renault, Linkedin, Hitachi, Cheli, Sapient, Panasonic, and other companies are among the guests of the company. As of October 31, 2023, the company’s payroll included 784 workers, including directors.
Registrar Info
| Name | Beetal Financial & Computer Services (P) Limited |
| Phone number | +91 11 29961281 |
| Email ID | [email protected] |
| Website | beetalfinancial.com |
Contact Details
| Name | Wise Travel India Limited |
| Phone number | +91-11-45434542 |
| Email ID | [email protected] |
| Website | wticabs.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
WTi Cabs IPO FAQs
When WTI Cabs IPO will open?
The WTI Cabs IPO opens on February 12, 2024 and closes on February 14, 2024.
What is the lot size of WTI Cabs IPO?
WTI Cabs IPO lot size is 1000 Shares, and the minimum amount required is ₹147,000.
When is WTI Cabs IPO allotment?
The finalization of Basis of Allotment for WTI Cabs IPO will be done on Thursday, February 15, 2024, and the allotted shares will be credited to your demat account by Friday, February 16, 2024.
When is WTI Cabs IPO listing date?
The WTI Cabs IPO listing date is not yet announced. The tentative date of WTI Cabs IPO listing is Monday, February 19, 2024.
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