The WTi Cabs IPO date has been confirmed from February 12, 2024 and closes on February 14, 2024.
Using an IPO, WTi Cabs is seeking to raise Rs 94.68 crores. Its price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
February 12-14
Price Range
₹140 to ₹147 per share
Face Value
₹10 per share
GMP
₹71
WTi Cabs IPO GMP
The WTi Cabs Limited IPO GMP is ₹71.
IPO Overview
WTI Cabs’ IPO is a book-built issuance worth Rs 94.68 crore. The offering is wholly new, totaling 64.41 lakh shares. WTI Cabs’ initial public offering (IPO) will begin on February 12, 2024 and end on February 14, 2024. The allotment for the WTI Cabs IPO is expected to be completed on Thursday, February 15, 2024. The WTI Cabs IPO will be listed on NSE SME, with a tentative listing date of Monday, February 19, 2024.
WTI Cabs IPO price range is ₹140 to ₹147 per share. The minimum lot size for an application is 1000 shares. The minimum investment for retail investors is ₹147,000. The minimum investment for HNI is 2 lots (2,000 shares) worth ₹294,000.
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, founded in 2009, is a transportation firm that provides automobile rental and transportation services. The organisation provides services in 130 cities in India. The company provides a variety of services, including car rental, 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 mobility consulting and advisory, and
community commute. WTI provides a wide range of rental cars, including executive cars, luxury cars, coaches, SUVs, and sedans. The organisation provides services in cities including Delhi, NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. The company’s clients include Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola, American Express, Renault, Linkedin, Hitachi, Cheli, Sapient, Panasonic, and others. As of October 31, 2023, the company’s payroll included 784 employees, including directors.
Registrar Info
| Name | Beetal Financial & Computer Services (P) Limited |
| Phone number | +91 11 29961281 |
| Email ID | beetal@beetalfinancial.com |
| Website | beetalfinancial.com |
Contact Details
| Name | Wise Travel India Limited |
| Phone number | +91-11-45434542 |
| Email ID | cs@wti.co.in |
| Website | wticabs.com |
IPO Strenghts
- 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.
