Wise Travel India Limited IPO (WTI Cabs IPO)

Wise Travel India Limited IPO
Upcoming Wise Travel India IPO | New Wise Travel India IPO

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

Wise Travel India IPO – Details

IPO Opening Date12 February 2024
IPO Closing Date14 February 2024
Issue TypeBook Built Issue IPO
Issue Size64,41,000 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 Lot1000 Shares
Min Order1000 Shares (1 Lot)
Listing AtNSE SME
RegisterBeetal Financial & Computer Services (P) Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Wise Travel India IPO – Date Schedule

IPO Open Date12 February 2024
IPO Close Date14 February 2024
Basis of Allotment15 February 2024
Initiation of Refund16 February 2024
Credit of Shares to Demat Account16 February 2024
IPO Listing Date19 February 2024
Cut-off time for UPI mandate confirmation5 PM on Feb 14, 2024

Wise Travel India IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11000₹1,47,000
Retail (Maximum)11000₹1,47,000
HNI (Minimum)22000₹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.
Wise Travel India Limited IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202144.0641.811.775.65
31 March 202289.7084.793.752.16
31 March 2023249.98236.1410.2616.74
Amount in ₹ Crore

Wise Travel India IPO Promoter Holding

Pre Issue Share Holding95.63%
Post Issue Share Holding69.76%

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

Wise Travel India IPO Registrar

Beetal Financial & Computer Services (P) Limited

Phone: +91 11 29961281
Email: beetal@beetalfinancial.com

Wise Travel India IPO Lead Manager(s)

1. Share India Capital Services Private Limited

Wise Travel India IPO FAQs

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.
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