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Wise Travel India IPO
Wise Travel India Limited
₹1,40,000 /1000 sharesMinimum investment
IPO details
Minimum investment
₹1,40,000
Price range
₹140 - ₹147
Lot size
1,000
Issue size
94.68 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
12 Feb 2024
IPO open date
14 Feb 2024
IPO close date
15 Feb 2024
Allotment date
15 Feb 2024
Funds unblock or debit
19 Feb 2024
Tentative listing date
About
Founded in
2009
MD/CEO
Mr. Vivek Laroia
Parent organisation
Wise Travel India Limited
Wise Travel India Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Wise Travel India values its long-term relationships with clients, to enable a solid reputation and ensure repeat business. This approach forms the core of its customer retention strategy, aimed at providing a competitive edge for attracting new clients.
The company prioritises safety through chauffeur training programs, document verification, and equipped vehicles with GPS tracking, Panic Buttons, Fire Extinguishers, and First Aid Kits.
The company aims to maintain a good professional relationship with clients. Regular senior management reviews help foster engagement, gather feedback, and identify future opportunities.
Wise Travel India follows an order-driven and scalable business model, emphasising optimal resource utilisation. This model enables them to scale upward efficiently. The company combines aggressive marketing with a commitment to maintaining superior quality.
The company is currently involved in legal proceedings, including civil, criminal, and labour disputes across various levels of adjudication. Adverse rulings or penalties may lead to financial obligations, increasing expenses, and affecting the company's reputation.
The Company has delayed compliance with certain statutory provisions of the Companies Act 2013. Such non-compliance and delayed compliance could attract penalties against the company and impact its financial position.
Most suppliers and customers don't have long-term agreements with the company. Losing one or more of them or a decrease in their demand could negatively impact business, financial condition, and cash flows. As of September 30, 2023, the top 10 customers represent 38.74% of sales, with the top 5 accounting for 25.03%.
The company hasn't made alternate arrangements for meeting regular working capital needs. If operations fail to generate sufficient cash flow, it may adversely affect working capital requirements, impacting operations and financial performance.
The company has a subsidiary, PT. WTI Trading & Mining Ventures (Indonesia), with unaudited financials currently unavailable.
Application details
For Wise Travel India IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹140 - ₹147 | ₹2 - ₹5 Lakhs | 1000 |
| High Networth Individual | ₹140 - ₹147 | ₹2 - ₹5 Lakhs | 1000 |