Wise Travel India Limited
IPO Details
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Lot Distribution
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Company Fin.
₹71(48.30%)
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Having completed its public offering, Wise Travel India Limited's is now listed and trading on the NSE exchange as of Feb 19, 2024. The IPO raised cumulative capital of 64,41,000 Shares, including 64,41,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹140 to ₹147 and minimum investment requirement of 1000 shares. subscription activity between Feb 12, 2024 and Feb 14, 2024 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Feb 16, 2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Wise Travel India Limited (WTI), incorporated in 2009, is a leading transport company providing car rental and transportation services across 130 cities in India. The company offers a diverse range of services, including car rentals, employee transportation, end-to-end transport solutions (MSP), flexible rental plans, airport counters, fleet management, mobility solutions for MICE, sustainable mobility, project mobility, strategic consulting, and community commute solutions. WTI's fleet includes executive cars, luxury cars, SUVs, sedans, and coaches, catering to various customer needs. The company operates in key cities such as Delhi NCR, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. Its prestigious client base includes major brands like Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, Coca-Cola, American Express, Renault, LinkedIn, Hitachi, Cheil, Sapient, and Panasonic. As of October 31, 2023, WTI employs 784 people, including directors, reflecting its strong workforce and operational scale.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong customer relationships : Trusted customer connections help build loyalty and generate repeat business.
- Order-based, scalable model : A flexible and scalable business structure supports smooth operations and future growth.
- Established client base : A stable set of clients ensures consistent revenue and business reliability.
- Experienced leadership team : Skilled and knowledgeable leaders drive strategic decisions and effective management.
- Highly competitive industry : Constant innovation and unique offerings are essential to stay ahead in the market.
- Past negative cash flows : Previous cash flow issues may impact financial stability and overall liquidity.
- Client payment delays : Late payments or non-payments from clients can create financial strain and disrupt operations.
- Exchange rate fluctuations : Currency volatility adds financial uncertainty and increases business risk.
- Mr. Ashok Vashist
- Ms. Hema Bisht
- Mr. Vivek Laroia
Wise Travel India Limited
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