Wise Travel India IPO

Wise Travel India Limited

₹1,40,000 /1000 sharesMinimum Investment

Wise Travel India IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹147.00₹195.00₹48.00 (32.65%)

Wise Travel India IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
12 Feb ‘24 - 14 Feb ‘24₹1,40,0001,000₹140 - ₹147
Issue SizeIPO Doc
94.68Cr
RHP PDF

About Wise Travel India

Wise Travel India Limited provides car rental & transportation services services for corporations. They offer chauffeur-driven cabs for various purposes, including airport transfers, conferences, sales calls, intra-city travel, hotel pickups and drops, as well as long-term and daily car rental needs. In addition to traditional car rental services, the company provides SLA-based, customised mobility solutions for daily home-office-home pickup and drop services for corporate employees. Wise Travel India Limited also offers flexible fixed and monthly rental plans, providing an exclusive vehicle and driver available 24x7 for those who need a car for the entire month. Payment options are flexible based on the number of kilometres travelled. Their other services include airport counters, fleet management services, etc. The company has a Pan-India presence with services in Delhi NC, Mumbai, Pune, Hyderabad, Chennai, Bangalore, Ahmedabad, Chandigarh, Guwahati, Jaipur, and Kolkata.;
Parent Organisation
Wise Travel India Limited
Founded
2009
Managing Director
Mr. Vivek Laroia

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.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular140 - 147₹2 Lakh
High Networth Individual140 - 147₹2 - 5 Lakh
For Wise Travel India IPO, eligible investors can apply as Regular.
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