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Trekkingtoes.com Ltd IPO (Hippo Cabs IPO) Detail

Aug 18, 2020 - Aug 20, 2020

Incorporated in 2012, Trekkingtoes.com Limited offers travel aggregator platform and cab rental services online. The customers can book the cabs through website (www.hippocabs.com), mobile app (HippoCabs) and call booking service.

It has more than 4000 registered vehicles and 1500 vendors for intercity services. The company provides route specific approach (enabling the client to pay only for one way and for drivers to have customers on both the sides) and dynamic pricing model across 200 cities in India.

The company is also engaged in offering Currency Conversion, Software Consultancy, and Data Base trading Services in India as well as international markets.

Competitive Strengths

1. Skilled and dedicated manpower
2. Stringent quality control process
3. A route specific approach for customer
4. Dynamic price algorithm

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
31-March-20 31-Mar-19 31-Mar-18
Total Assets 142.67 51.89 40.30
Total Revenue 269.79 484.11 316.67
Profit After Tax 2.52 (106.88) (43.64)

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Issue ("Net Proceeds") towards the following objects:

a) Strategic initiatives and investments;
b) Repayment and pre-payment of a portion of certain indebtedness availed by the company;
c) General corporate purposes.

Hippo Cabs IPO Details

Hippo Cabs IPO Date Aug 18, 2020 to Aug 20, 2020
Hippo Cabs IPO Face Value ₹10 per share
Hippo Cabs IPO Price ₹105 per share
Hippo Cabs IPO Lot Size 1200 Shares
Issue Size433,200 shares of ₹10
(aggregating up to ₹4.54 Cr)
Fresh Issue433,200 shares of ₹10
(aggregating up to ₹4.54 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr. Sahil Agrawal and Mr. Sagar Agrawal are the promoters of the company.

Hippo Cabs IPO Timeline (Tentative Timetable)

Hippo Cabs IPO opens on Aug 18, 2020, and closes on Aug 20, 2020. The Hippo Cabs IPO bid date is from Aug 18, 2020 10.00 A.M. to Aug 20, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Hippo Cabs IPO Opening Date Aug 18, 2020
Hippo Cabs IPO Closing Date Aug 20, 2020
Basis of Allotment Aug 25, 2020
Initiation of Refunds Aug 26, 2020
Credit of Shares to Demat Aug 27, 2020
Hippo Cabs IPO Listing Date Aug 28, 2020

Hippo Cabs IPO Lot Size

The Hippo Cabs IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹126,000).

Application Lots Shares Amount
Retail (Min) 1 1200 ₹126,000
Retail (Max) 1 1200 ₹126,000

Hippo Cabs IPO Promoter Holding

Pre Issue Share Holding 87.40%
Post Issue Share Holding 63.77%

Hippo Cabs IPO Review

Asking price does not match financial performance. Based on EPS and P/BV parameters, issue is exorbitantly priced. TCL is operating in a highly competitive segment with giants like Ola, Uber, Meru etc. Unorganized players are the major threats for this company. There is no harm in giving this issue a miss. Read detail review...


Hippo Cabs IPO Subscription Status (Bidding Detail)

The Hippo Cabs IPO is subscribed 1.55 times on Aug 20, 2020 6:49:03 PM. The public issue subscribed 2.80 times in the retail category, times in the QIB category, and 0.29 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.29
Retail2.80
Total1.55

Hippo Cabs IPO Prospectus

Hippo Cabs IPO Rating

56
3.2
Rating:Rated 3.2 stars
Vote Here ...

Hippo Cabs IPO Listing Date

Listing Date Friday, August 28, 2020
BSE Script Code 543222
NSE Symbol
Listing In TS Group of Securities
ISIN INE0DG401010
IPO Price ₹105 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹105.00
₹105.00
₹99.75
₹105.00
₹99.75

Company Contact Information

Trekkingtoes.com Ltd
236, Mahaveer Nagar 1st,
Durgapura, Tonk Road,
Jaipur, Rajasthan 302 018
Phone: +91 9610449969
Email: compliance@hippocabs.com
Website: https://hippocabs.com/

Hippo Cabs IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: hippocabs.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Hippo Cabs IPO Review

Hippo Cabs IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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IPO Broker Recommendations

Hippo Cabs IPO FAQs

Hippo Cabs IPO is a SME IPO of 433,200 equity shares of the face value of ₹10 aggregating up to ₹4.54 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200 Shares.

The IPO opens on Aug 18, 2020, and closes on Aug 20, 2020.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Hippo Cabs IPO using UPI as a payment gateway. Zerodha customers can apply in Hippo Cabs IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Hippo Cabs IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Hippo Cabs IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Hippo Cabs IPO opens on Aug 18, 2020 and closes on Aug 20, 2020.

Hippo Cabs IPO lot size is 1200 Shares and the minimum order quantity is .

You can apply in Hippo Cabs IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Hippo Cabs IPO will be done on Aug 25, 2020, and the allotted shares will be credited to your demat account by Aug 27, 2020. Check the Hippo Cabs IPO allotment status.

The Hippo Cabs IPO listing date is on Friday, August 28, 2020.
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Hippo Cabs IPO Message Board

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33 Comments

16. VickyMehta |   Link |Sep 15, 2020 2:45:24 PM
Karvy was involved in pledged shares scam. Still why these good companies use Karvy (KFintech) in managing IPO? I never get allotment whenever Karvy is managing allocation. I strongly believe that there is a big scam behind it.
15. KrishnaTwentyFour |   Link |Aug 29, 2020 8:11:51 AM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
as per basis of allotment only 0.07% HNI quota was subscribed. in this category got only 4 applications and only 14400 shares were allotted....baki sub retail main gaya hai...
15.1. Vinshah |   Link |Aug 29, 2020 3:50:19 PM
Retailers were allotted 400800 shares and HNIs were allotted only 9600 shares out of 14400 shares that they had submitted during IPO period...???? For HNIs...
15.2. Vinshah |   Link |Sep 2, 2020 7:55:06 PM
I think that investors should exit from HippoCabs and they should concentrate on 5-6 main board IPOs????...hippo ka Hip Hip hurray ho gya ????
14. KING VINOD |   Link |Aug 20, 2020 3:42:09 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Based on subscription numbers looking like it may going to list at discount price
14.5. Vinshah |   Link |Aug 28, 2020 11:30:55 AM
@smallinvestor, hippo cabs share price is 99.75????
14.6. KrishnaTwentyFour |   Link |Aug 29, 2020 8:03:56 AM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
He was giving yes bank target rs 5...dont listen to him...
13. Kumudji |   Link |Aug 28, 2020 10:16:15 PM
When is listing?
12. Vinshah |   Link |Aug 25, 2020 3:06:02 PM
Friends, Allotment already came at Karvy website...???? for listing
11. KrishnaTwentyFour |   Link |Aug 18, 2020 9:38:37 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Communication....
Owner to relative..
Owner: Mamaji apana IPO aaj open wala hai..jara 4 din 10 lac adjust karo our apane family ke naam 4-5 application daal do na pls...

Relative: 4 din q but...

Owner: aree aap baat samaje nahi... subscription dekhane keliye retail main bus aap 1st day apply karo our last day pe application withdraw karo..bus 3 din ki baat hai bank account main amount block rahega...

Relative: abh baat aayi samaj main...to ye sub golmaal retailers ko lubhane keliye hai...

Owner: aap hoshiyar ho...

Relative: to main retail main 5 different applications dalane se accha HNI main hi 5 lot apply karata hu ...

Owner : areee kar li na bewakoof wali baath...waha pe apply karoge to last day pe application withdraw nahi kar paaoge...

Relative: areee haaan ye to mere dimaag main aaya hi nahi....



Bus abh baki log samaj jaao ye ipo 1st day main hi retail main kaisa subscribe ho gaya ...
11.1. KING VINOD |   Link |Aug 22, 2020 12:00:51 AM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Looks like what you said was correct particularly in this IPO
10. Vivek SP |   Link |Aug 20, 2020 1:42:50 PM
Cab driver's salary would be more than PAT !
10.1. Vinshah |   Link |Aug 20, 2020 2:04:53 PM
Very less subscription of HNI investors till 2pm... retail investors????
10.2. Vinshah |   Link |Aug 20, 2020 4:52:55 PM
Admin ji, HNI only 0.29 times subscription...May be IPO cancel???
9. Vinshah |   Link |Aug 19, 2020 1:03:24 PM
Today total 1 times subscription may be done of this IPO...???? for all investors
8. GoodKeep |   Link |Aug 19, 2020 11:55:47 AM
Everyone is wise now a day. I just want to add that I regularly visit a town from Delhi. I have 3-4 contacts of cab aggregators who provide cab service to that particular town. Cab service may be one way, two way or even a seat in sharing basis. (Pricing is reasonable and less than any registered aggregator).
I think, these dudes earn more money than this incorporated company. Don't expect transperancy from these SMEs. These taxis with one aggregator are not exclusively registered, they may also work with other unorganised aggregators.
7. Nikhil kakkad |   Link |Aug 17, 2020 11:58:58 PM
2morrow Retail 1× possible...
7.1. NDS |   Link |Aug 18, 2020 9:13:47 PM
Done..almost 1 × retailll....
7.2. KrishnaTwentyFour |   Link |Aug 18, 2020 9:29:39 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Bhai..tum logo ne hi apply kiya hai aaj 1st day retail main...jo tum apana application last day pe withdraw karonge...

Himmat hai to kal NII QUOTA subscribe kar ke dhikhaw....
6. KrishnaTwentyFour |   Link |Aug 16, 2020 10:11:58 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
In one year PAT this company can't even buy a small low end cab also...
Ipo Lot size amount is equal to last year PAT of this company....
What is going in SME market how such useless boneless comapies allowed to lift money from the market????

6.1. P Patel |   Link |Aug 18, 2020 12:40:49 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Krishna24 - Even their IPO size is double of their last year revenue ... ha ha ha ha
6.2. KrishnaTwentyFour |   Link |Aug 18, 2020 9:25:15 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Patel sir...1st day retail subscription dekho...lagata hai ghar walo ne hi apply kiya hai...last day pe yahi log application withdraw kar lege...
NII main inn logo ne apply q nahi kiya...???? Becs waha pe application withdraw nahi kar sakate...
Investor ko ye log kya samjate hai...are we fool here seating on cash???
5. NDS |   Link |Aug 18, 2020 12:02:16 AM
2morrow 1 times ++ retail application possible...
5.1. KrishnaTwentyFour |   Link |Aug 18, 2020 9:21:09 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Looks like relatives of this company owner applied...you also seems to be owners close friend...SME main first day retail subscription prediction ...100% correct.... WOW...
Lots of cooking....very fishey....we can easily smell a rotten rate in this...
4. Baskaran |   Link |Aug 18, 2020 8:19:57 PM
Avoid highly risk don't burn your finger.
3. atul |   Link |Aug 18, 2020 7:59:36 PM
Top Contributor Top Contributor (200+ Posts)
This PAT which company is earning is even genrated by roadside pao bhaji seller.i think road side vendors also apply for sme listing of their business.i am sure some of investor apply and they turn entrepreneurs from street vendors
2. Dilip Davda |   Link |Aug 16, 2020 10:33:22 AM
Following a lockdown, travel aggregators are facing music across the nation in particular and the world in general and the situation is not likely to see U-turn in the near term. Company's carried forward losses might get compensated with the new IPO premium. The issue is priced exorbitantly and to sell, it some Grey Market operations are on by vested interest operators. Don't get lured by such tactics. However, you are the final decision taker since money is yours.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

2.1. Aniketiaf |   Link |Aug 18, 2020 7:05:35 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Totally agree with you sir.
Thanks a lot for your valuable guidance.
1. MR. KUMAR |   Link |Aug 14, 2020 10:39:35 PM
When subscriptions is above 25 times then think to apply in any sme ipo. Otherwise huge risk is there. See LAGNAM SPINTEX, SUICH INDUSTRIES, ULTRAWIRING . DONT SEE ANY FUNDAMENTAL S OR ANYTHING IF IT SUBSCRIBE MORE THAN 25 TIMES THEN GO FOR IT.