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 the company

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.;
Founded in
2009
Managing director
Mr. Vivek Laroia
Parent organisation
Wise Travel India Limited

Strength and 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.

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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