Wise Travel India Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Wise Travel

CMP

281.70

+5.90 (2.14%)

  • DRHP
₹147

Offer Price

₹ 94.68 Cr

Issue Size

₹ 1,47,000

Min Investment

1,000

Lot size

Time Line

  • 12
    Feb 2024
    Open
  • 14
    Feb 2024
    Close
  • 15
    Feb 2024
    Finalisation of Basis of Allotment
  • 16
    Feb 2024
    Initiation of Refunds
  • 16
    Feb 2024
    Transfer of Shares to Demat Account
  • 19
    Feb 2024
    Listing Date

Objects of the Offer

  • Leveraging its Market skills and Relationships.

  • Optimal Utilization of Resources.

  • Improving operational efficiencies.

  • To Build-Up a Professional Organization.

  • Expansion of Business.

Products & Services

  • Wise Travel India Limited ("WTI Cabs" or "WTI") is engaged in the business of providing online car rental and taxi booking services in India.

Strengths

  • Experienced Promoters and Management Team.

  • Quality Assurance of its Services.

  • Established relationship with existing client.

  • Scalable Business Model.

Risks

  • There are outstanding legal proceedings and litigations against and by the Company, its Promoters, its Directors and its Subsidiaries. Any adverse outcome in any of these proceedings may affect its profitability and reputation and may effect on its results of operations and financial condition.

  • The company has negative cash and cash equivalents generated during the year in the past based on the Restated Financial Statement of the Company and may, in future, experience similar negative cash flows.

  • Its Registered Office, fleet parking space and branch office premises on Pan India basis are located on leased premises and there can be no assurance that these lease agreements will be renewed upon termination or that its will be able to obtain other premise on lease on same or similar commercial terms.

  • The Company has a subsidiary namely, PT. WTI Trading & Mining Ventures (Indonesia), Audited Financials are not available with the Company.

  • The company does not own registered trademark "WTi Intelligent Mobility". Its in ability or failure to protect its trademark may adversely affect its business on account of possible misuse by any third party.

Company Promoters

Promoters Holding

Issue For IPO
25.84%
Pre Holding

95.53%

Post Holding

69.69%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 88.62 (109.70%) 249.60 (181.70%) 29.79 (-)
Gross Profit 88.62 (109.70%) 249.60 (181.70%) 29.79 (-)
Net Income 88.62 (109.70%) 249.60 (181.70%) 29.79 (-)
Assets 88.62 (109.70%) 249.60 (181.70%) 29.79 (-)
Liabilities 88.62 (109.70%) 249.60 (181.70%) 29.79 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Shree OSFM E-Mobility Ltd 82.11 3.09 42.04 42.04 15.11 2.94 19.48 7.35 0.45
Mahindra Logistics Ltd 5,128.29 26.28 2,552.94 2,552.94 4.67 3.64 77.83 1.02 0.71

Book Running Managers

  • Share India Capital Services Pvt Ltd

Registrar & Transfer Agent

Beetal Fin.& Comp. Ser.(P) Ltd

Beetal House 99,
Madangir Behind LSC,
Nr Dada Harsukhdar - Delhi - 110062
Phone : 91-011-29961281

Company Contact Information

D-21 Corporate Park 3rd Floor,
N.Sector 8 Metro Stn Sector 21,
Dwarka - 110075
Phone : +91 11 4543 4542 Email : cs@wti.co.in www.wticabs.com

Offer Related Information

Initial public issue of 64,41,000 equity shares of face value of Rs. 10/- each of Wise Travel India Limited ("WTI" or "The Company") for cash at a price of Rs. 147 per equity share (including a share premium of Rs. 137 per equity share) ("Issue Price") aggregating to Rs. 94.68 crores, of which 4,38,000 equity shares of face value of Rs. 10/- each at a price of Rs. 147 aggregating to R. 6.44 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion") and net... More

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