Wise Travel India Limited

Company Profile
Company Name Wise Travel India Limited
Open Date 12-02-2024
Close Date 14-02-2024
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹140 to ₹147 per share
Issue Size 64,41,000 shares
Application Amount ₹1,47,000
Recommendation Avoid
Wise Travel India Limited, established in 2009 has its registered office in Dwarka, Gujrat, India.The range of services includes car rental (luxury cars, rentals, coaches, SUVs, Sedans, etc) 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, project mobility solutions, strategic consulting and advisory on mobility, and community commute. They offer transport solutions across 130 Indian cities.The company operates in all the major cities in India. The client base of the company includes Nokia, Amazon, Microsoft, Indigo, Coca-Cola, American Express, etc.As of October 31, 2023, the company had 784 employees including directors on its payroll.
(Read more on the review)

Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 5,273.83 6,002.86 12,163.29 13,427.47
Net Assets 2642.37 3194.08 5893.53 7023.08
Total Borrowings 687.33 356.76 2641.67 2553.11
Total Revenue 4406.72 890.99 24998.03 19,018.23
Profit After Tax 177.59 375.33 1,026.87 1,136.48

Tentative Timeline

Opening Date 12-02-2024
Closing Date 14-02-2024
Basis of Allotment 15-02-2024
Initiation of Refunds 16-02-2024
Credit of Shares to Demat 16-02-2024
Listing Date 19-02-2024

Objects of the Issue

Funding of working capital requirements.
Meet public issue expenses.
General corporate purposes.

Contact Information

Registered Office 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/

Registrar Details

Name Beetal Financial & Computer Services (P) Limited
Phone +91 11 29961281
Email beetal@beetalfinancial.com
Website http://www.beetalfinancial.com

IPO Reservation

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%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 95.63%
Share Holding Post Issue (Promoters) 69.76%

Contact Us to Enable Your Success!