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WTI Cabs IPO is a book built issue of Rs 94.68 crores. The issue is entirely a fresh issue of 64.41 lakh shares.
WTI Cabs IPO bidding started from February 12, 2024 and ended on February 14, 2024. The allotment for WTI Cabs IPO was finalized on Thursday, February 15, 2024. The shares got listed on NSE SME on February 19, 2024.
WTI Cabs IPO 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.
Share India Capital Services Private Limited is the book running lead manager of the WTI Cabs IPO, while Beetal Financial & Computer Services (P) Limited is the registrar for the issue. The market maker for WTI Cabs IPO is Share India Securities.
Refer to WTI Cabs IPO RHP for detailed information.
| IPO Date | February 12, 2024 to February 14, 2024 |
| Listing Date | February 19, 2024 |
| 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 ₹94.68 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 Share India Securities |
WTI Cabs IPO offers 6,441,000 shares. 1,191,000 (18.49%) to QIB, 894,000 (13.88%) to NII, 2,084,000 (32.36%) to RII and 1,785,000 (27.71%) to Anchor investors.
| 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 IPO raises Rs 26.24 crore from anchor investors. WTI Cabs IPO Anchor bid date is February 9, 2024. WTI Cabs IPO Anchor Investors list
| Bid Date | February 9, 2024 |
| Shares Offered | 1,785,000 |
| Anchor Portion Size (In Cr.) | 26.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 16, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 15, 2024 |
WTI Cabs IPO opens on February 12, 2024, and closes on February 14, 2024.
| 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 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia.
| Share Holding Pre Issue | 95.63% |
| Share Holding Post Issue | 69.76% |
Incorporated in 2009, Wise Travel India Limited is a transport company that offers car rentals and transportation services. The company offer services across 130 cities in India.
The company offers a range 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 consulting and advisory on mobility, and community commute.
WTI offers a variety of rental cars, including executive cars, luxury cars, coaches, SUVs, and sedans.
The company offer services in cities such as Delhi NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur and Kolkata. The client base of the company includes Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola American Express, Renault, LinkediN, Hitachi, Cheli, Sapient, Panasonic etc.
As of October 31, 2023, the company has 784 employees including directors on its payroll.
Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||||
The market capitalization of WTI Cabs IPO is Rs 350.03 Cr.
| KPI | Values |
|---|---|
| ROE | 29.79% |
| ROCE | 22.90% |
| Debt/Equity | 0.65 |
| RoNW | 25.28% |
| P/BV | 6.28 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.91 | 9.52 |
| P/E (x) | 24.81 | 15.45 |
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] The company is a corporate transport and employees’ logistics provider operating on a B2B model. It has also opened its office in Dubai to offer services over there. The company marked growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Considering future prospects based on its financial parameters, investors may lap it p for medium to long term rewards. Read detail review...
The WTI Cabs IPO is subscribed 163.46 times on February 14, 2024 6:21:00 PM. The public issue subscribed 108.76 times in the retail category, 106.69 times in the QIB category, and 375.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 106.69 |
| NII | 375.56 |
| Retail | 108.76 |
| Total | 163.46 |
Total Application : 226,649 (108.76 times)
| Listing Date | February 19, 2024 |
| BSE Script Code | |
| NSE Symbol | WTICAB |
| ISIN | INE623Y01011 |
| Final Issue Price | ₹147 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹147.00 |
| ₹195.00 |
| ₹195.00 |
| ₹204.75 |
| ₹204.75 |
Wise Travel India Limited
D-21, Corporate Park,
3rd Floor, Near Sector-8 Metro
Station, Sector-21, Dwarka- 110075
Phone: +91-11-45434542
Email: cs@wti.co.in
Website: https://www.wticabs.com/
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
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WTI Cabs IPO is a SME IPO of 6,441,000 equity shares of the face value of ₹10 aggregating up to ₹94.68 Crores. The issue is priced at ₹140 to ₹147 per share. The minimum order quantity is 1000 Shares.
The IPO opens on February 12, 2024, and closes on February 14, 2024.
Beetal Financial & Computer Services (P) Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in WTI Cabs IPO using UPI as a payment gateway. Zerodha customers can apply in WTI Cabs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in WTI Cabs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The WTI Cabs IPO opens on February 12, 2024 and closes on February 14, 2024.
WTI Cabs IPO lot size is 1000 Shares, and the minimum amount required is ₹147,000.
You can apply in WTI 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
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. Check the WTI Cabs IPO allotment status.
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RHP
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IPO Mentor (700+ Posts, 400+ Likes)
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I feel myself lucky twice. Bought in pre-open at 195 and sold at 245. Bought again at 190.05 and sold at 200.
Will re-enter once wall street bloodbath stops.