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 IPO – Details
| IPO Opening Date | 12 February 2024 |
| IPO Closing Date | 14 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 64,41,000 Shares Worth ₹94.68 Crore Fresh Issue: 64,41,000 Shares Worth ₹94.68 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹140 – ₹147 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Beetal Financial & Computer Services (P) Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Wise Travel India IPO – Date Schedule
| IPO Open Date | 12 February 2024 |
| IPO Close Date | 14 February 2024 |
| Basis of Allotment | 15 February 2024 |
| Initiation of Refund | 16 February 2024 |
| Credit of Shares to Demat Account | 16 February 2024 |
| IPO Listing Date | 19 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 14, 2024 |
Wise Travel India IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | ₹1,47,000 |
| Retail (Maximum) | 1 | 1000 | ₹1,47,000 |
| HNI (Minimum) | 2 | 2000 | ₹2,94,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Quality Assurance of our Services.
- Established relationship with existing client.
- Scalable Business Model.
Company Promoters
- Mr. Ashok Vashist
- Ms. Hema Bisht
- Mr. Vivek Laroia
Object Of The Issue
- To Meet Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 44.06 | 41.81 | 1.77 | 5.65 |
| 31 March 2022 | 89.70 | 84.79 | 3.75 | 2.16 |
| 31 March 2023 | 249.98 | 236.14 | 10.26 | 16.74 |
Wise Travel India IPO Promoter Holding
| Pre Issue Share Holding | 95.63% |
| Post Issue Share Holding | 69.76% |
Wise Travel India IPO Prospectus
Company Contact Information
| 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/ |
Wise Travel India IPO Registrar
| Beetal Financial & Computer Services (P) Limited Phone: +91 11 29961281 Email: beetal@beetalfinancial.com Website: http://www.beetalfinancial.com |
Wise Travel India IPO Lead Manager(s)
| 1. Share India Capital Services Private Limited |
Wise Travel India IPO FAQs
| What is Wise Travel India IPO? Wise Travel India IPO is a SME IPO. The issue is priced at ₹140 – ₹147 per equity share. The IPO is to be listed on NSE SME. |
| When Wise Travel India IPO will open? The IPO is to open on 12 February 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Wise Travel India IPO? You can apply Wise Travel India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Wise Travel India IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Wise Travel India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Wise Travel India IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Wise Travel India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Wise Travel India IPO Size? Wise Travel India IPO size is ₹94.68 crores. |
| What is Wise Travel India IPO Price Band? Wise Travel India IPO Price Band is ₹140 – ₹147. |
| What is Wise Travel India IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,47,000 amount while the maximum bid is 1000 shares with ₹1,47,000. |
| What is the Wise Travel India IPO Allotment Date? Wise Travel India IPO allotment date is 15 February 2024. |
| What is the Wise Travel India IPO Listing Date? Wise Travel India IPO listing date is 19 February 2024. The IPO is to list on NSE SME. |
