Wise Travel India Limited IPO
- IPO Date12 Feb, 2024 to 14 Feb, 2024
- Listing Date19 Feb, 2024
- Face Value₹10 per share
- Issue Price₹140 to ₹147 per share
- Lot Size1000 Shares
- Minimum Investment₹1,47,000
- Listing AtNSE SME
- Total Issue Size64,41,000 Shares
(aggregating up to ₹94.68 Cr) - Fresh Issue64,41,000 Shares
(aggregating up to ₹94.68 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,73,70,837
- Shareholding post issue2,38,11,837
IPO Dates
Closing Date
14 Feb, 2024
Initiation of Refunds
16 Feb, 2024
Listing Date
19 Feb, 2024
12 Feb, 2024
Opening Date
15 Feb, 2024
Basis of Allotment
16 Feb, 2024
Credit of Shares
Wise Travel India Limited Lot Size
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 |
|---|---|---|---|
| HNI (Min) | 2 | 2000 | ₹2,94,000 |
| Retail (Min) | 1 | 1000 | ₹1,47,000 |
| Retail (Max) | 1 | 1000 | ₹1,47,000 |
Wise Travel India Limited Promoter Holding
The promoters of the company are Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 95.63% | 69.76% |
Wise Travel India Limited COMPANY INFORMATION
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.
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.
FAQs About Wise Travel India Limited Ipo
Wise Travel India Limited IPO will open on 12 Feb, 2024 and close on 14 Feb, 2024. Investors must apply within this period to participate.
The Wise Travel India Limited IPO price band is set between ₹140.00 and ₹147.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹147000.00.
The Wise Travel India Limited IPO shares are expected to be listed on 19 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Wise Travel India Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Wise Travel India Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.