The subscription of Wise Travel India Limited IPO opens from 12th Feb 2024 and closes on 14th Feb 2024. To get detailed information about the initial public offering, stay tuned till the very end.
Wise Travel India Limited IPO GMP
The stock of Wise Travel India Ltd has a face value of Rs 10 per share and this is a book built issue.The promoter holding in wise travel India Ltd will dilute post the IPO from 95.63% to 69.76%.
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The new issue will be utilized by the firm to fund the gaps in working capital and for general corporate purposes.
Wise Travel India Limited IPO Timeline
|IPO Opening Date
|Monday, February 12th 2024
|Closing Date of IPO
|Wednesday, February 14th 2024
|Thursday, February 15th 2024
|Friday, Feb 16th 2024
|Credit Shares to Demat
|Friday, 16th Feb 2024
|Date of Listing
|Monday, February 19th 2024
|Cut-off time for UPI mandate confirmation
|5 pm on Friday 14th 2024
The allotment for the wise travel India cabs is expected to be fixed on 15th February 20204. The WTI cabs IPO will list on NSE SME with a tentative listing date decided as 19th Feb 2024.
The price regarding book building issue is fixed within the price band of Rs 140 – Rs 147 for each share. Being a book-built issue the final cost will be discovered in the band.
Being the portion of fresh issue part of the IPO travel India Limited will issue a total of 64,41,000 shares (64.41 Lakh shares), which at the upper band of IPO cost of Rs 147 each share aggregates towards new fundraising of Rs 94.68 crore.
The lowest lot size for an application is 1000 shares. The minimal amount of investment needed by the retail investors is Rs 147,000. The minimum lot size investment for HNI is two lots (2000 shares) amounting to Rs 294,000.
Wise Travel India Limited IPO Details
|Rs 10 of each share
|Rs 140 to Rs 147
|Total Issue Size
|6,441,000 shares (aggregating up to Rs 94.68 Crore)
|6,441,000 shares (aggregating up to Rs 94.68 Croe)
|Book built issue IPO
|Shareholding pre issue
|Shareholding post issue
|Market Maker Option
Wise Travel India Limited IPO Lot Size
Every investor can bid for the lowest of 1000 shares and multiples thereof. The provided table easily depicts the lowest and highest investment through retailing investors and HNI in terms of amount and shares.
Wise Travel India Limited IPO Reservation
|QIB Shares Offered
|Not more than 50% of the Net Issue
|Retail Shared Offered
|Not less than 35% of the Net Issue
|NII (HNI) Shares Offered
|Not less than 15% of the Net Issue
Wise Travel India Limited IPO Review
The firm is engaged in the business of facilitating online car rental and taxi booking services in India.
Due to providing this kind of services and goods to users they easily made strong and positive relations with consumers in different locations. It leads to enhancing their overall productivity and growth at a higher rate.
Their business carries a huge fleet of robust technology platforms. The objective behind this venture is to have a presence across the value chain through services in corporate people transportation.
100% revenue by the domestic sale of service. The organized cab services market in India is dominated by the online cab services segment.
Apply or not for Wise Travel India Limited IPO?
In my opinion regarding investment, customers apply for this IPO because at present growth and stability of this firm are very high.
In this business the communication between firms and consumers is effectively maintained for a long time.
The IPO of wise travel India has only a component of fresh type issue and no offer for sale part. While the portion of fresh issue is EPS dilutive and equity dilutive, the OFS is just a transfer of ownership and hence this is EPS or equity dilutive.
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