What is the issue size of Wise Travel India Limited IPO?

The issue size of the Wise Travel India Limited IPO is Rs. 94.68 cr

What is 'pre-apply' for Wise Travel India Limited IPO?

Pre-apply will alow you to apply for the Wise Travel India Limited IPO 2 days before the subscription period starts.

If I pre-apply for Wise Travel India Limited IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Wise Travel India Limited IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Wise Travel India Limited IPO order is placed?

We will notify you when your Wise Travel India Limited IPO order is placed with the exchange.

What are the open and close dates of the for Wise Travel India Limited IPO?

Wise Travel India Limited Ltd IPO will be open between 12 Feb - 14 Feb, 2024.

What is the lot size and minimum order quantity of the Wise Travel India Limited IPO?

Wise Travel India Limited IPO lot size is 1000 shares.

What are the allotment dates for the Wise Travel India Limited IPO?

Wise Travel India Limited IPO allotment date is 15 Feb, 2024. For Wise Travel India Limited IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Wise Travel India Limited IPO?

Wise Travel India Limited IPO registrar is Beetal Financial & Computer Services (P) Limited. You can check Wise Travel India Limited IPO allotment status on the website of the registrar.

Where is the Wise Travel India Limited IPO getting listed?

The shares are proposed to be listed on NSE SME.

Wise Travel India IPO

Wise Travel India Limited

₹1,40,000 /1000 sharesMinimum Investment

Wise Travel India IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹147.00₹195.00₹48.00 (32.65%)
Wise Travel India IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
12 Feb ‘24 - 14 Feb ‘24₹1,40,0001,000₹140 - ₹147
Issue SizeIPO Doc
94.68CrRHP PDF
About Wise Travel IndiaWise 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 detailsApply asPrice bandApply upto
Regular₹140 - 147₹2 Lakh
High Networth Individual₹140 - 147₹2 - 5 Lakh
For Wise Travel India IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹147.00	₹195.00	₹48.00 (32.65%)

Bidding Dates	Min. Investment	Lot Size	Price Range
12 Feb ‘24 - 14 Feb ‘24	₹1,40,000	1,000	₹140 - ₹147

Issue Size	IPO Doc
94.68Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹140 - 147	₹2 Lakh
High Networth Individual	₹140 - 147	₹2 - 5 Lakh

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