Incorporated in 2009, Wise Travel India Limited is a transportation service provider with an objective to redefine urban mobility and metamorphose the fabric of daily commutes. The company offers various services, such as car rental, employee transportation, end-to-end employee transport solutions, flexible fixed/monthly rental plans, fleet management, sustainable mobility and more.
The company offers services all over the country, including Delhi, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. In 2023, they initiated operations in Dubai.
Over the years, the transportation industry in India has undergone significant changes, evolving in infrastructure and consumer preferences. The Cab Service Industry is poised for a strong CAGR in value by 2028. The growing prevalence of smartphones and internet accessibility has contributed to the surge in ride-hailing app usage, simplifying the process of cab booking for consumers. This sector's outlook is anticipated to impact Wise Travel India Limited's business prospects positively.
Wise Travel India Limited IPO (WTI Cabs IPO) Details
Wise Travel India Limited IPO Dates
WTI Cabs IPO will open on February 12, 2024, and close on February 14, 2024. The IPO will be listed on the NSE Emerge on February 19, 2024.
Wise Travel India Limited IPO Price Band
WTI Cabs IPO is a fresh issue of 64,41,000 equity shares. The price of the IPO is ₹140 to ₹147 per share.
Wise Travel India Limited IPO Lot Size
Wise Travel India Limited’s IPO lot size is 1,000 shares.
Wise Travel India Limited IPO Objectives
The objectives of Wise Travel India Limited's IPO are listed below:
- To meet the working capital requirements.
- To meet issue expenses.
- For general corporate purposes.
Peer Details
As per DRHP, the listed peers whose business portfolio is comparable to the company are as follows:
- Shree OSFM E-Mobility Limited
- Mahindra Logistics Limited
How To Check the Wise Travel India Limited Allotment Status?
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- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
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Contact Details of Wise Travel India Limited IPO
- Registered office: D-21, Corporate Park, 3rd Floor, Near Sector-8 Metro Station, Sector-21, Dwarka- 110075.
- Phone: +91-11-45434542
- E-mail: cs@wti.co.in
IPO Financials
| Particulars | Year ending on March 31, 2023 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Revenue from Operations | 24,959.87 | 8,862.41 | 4,226.80 |
| Profit After Tax (PAT) | 1,026.87 | 375.33 | 177.59 |
| EPS (₹) | 5.93 | 2.33 | 1.07 |
| Net Worth | 4,061.45 | 2,832.10 | 2,454.36 |
| Total Borrowings | 1,674.50 | 216.32 | 56.59 |
Know before investing
Strengths
3The company has long-term relationships with its existing clients, which helps in its business.
The company aims to build long-term sustainable business relationships with our customers to generate increasing revenues.
The company plans to expand their geographical reach and enter the large domestic as well as global markets for growth opportunities for the business.
Risks
3The company has negative cash and cash equivalents generated during the year in the past and may, in future, experience similar negative cash flows.
The company’s inability to receive or renew the necessary licenses, approvals and registrations in a timely manner or at all may lead to interruption of their operations.
