WTI Cabs IPO is a book built issue of Rs 94.68 crores. The issue is entirely a fresh issue of 64.41 lakh shares.
WTI Cabs IPO bidding started from February 12, 2024 and ended on February 14, 2024. The allotment for WTI Cabs IPO was finalized on Thursday, February 15, 2024. The shares got listed on NSE SME on February 19, 2024.
WTI Cabs IPO price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000.
Share India Capital Services Private Limited is the book running lead manager of the WTI Cabs IPO, while is the registrar for the issue. The market maker for WTI Cabs IPO is Share India Securities.
Refer to WTI Cabs IPO RHP for detailed information.
WTI Cabs IPO Details
| IPO Date | February 12, 2024 to February 14, 2024 |
| Listing Date | February 19, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹147 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,441,000 shares (aggregating up to ₹94.68 Cr) |
| Fresh Issue | 6,441,000 shares (aggregating up to ₹94.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,370,837 |
| Share holding post issue | 23,811,837 |
| Market Maker portion | 438,000 shares Share India Securities |
WTI Cabs IPO Reservation
WTI Cabs IPO offers 6,441,000 shares. 1,191,000 (18.49%) to QIB, 894,000 (13.88%) to NII, 2,084,000 (32.36%) to RII and 1,785,000 (27.71%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,785,000 (27.71%) |
| Market Maker Shares Offered | 438,000 (6.80%) |
| QIB Shares Offered | 1,191,000 (18.49%) |
| NII (HNI) Shares Offered | 894,000 (13.88%) |
| Retail Shares Offered | 2,084,000 (32.36%) |
| Total Shares Offered | 6,441,000 (100%) |
WTI Cabs IPO Anchor Investors Details
WTI Cabs IPO raises Rs 26.24 crore from anchor investors. WTI Cabs IPOAnchor bid date is February 9, 2024.WTI Cabs IPOAnchor Investors list
| Bid Date | February 9, 2024 |
| Shares Offered | 1,785,000 |
| Anchor Portion Size (In Cr.) | 26.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 16, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 15, 2024 |
WTI Cabs IPO Timeline (Tentative Schedule)
WTI Cabs IPO opens on February 12, 2024, and closes on February 14, 2024.
| IPO Open Date | Monday, February 12, 2024 |
| IPO Close Date | Wednesday, February 14, 2024 |
| Basis of Allotment | Thursday, February 15, 2024 |
| Initiation of Refunds | Friday, February 16, 2024 |
| Credit of Shares to Demat | Friday, February 16, 2024 |
| Listing Date | Monday, February 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2024 |
WTI Cabs IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
| Lot Size Calculator | |||
WTI Cabs IPO Promoter Holding
The promoters of the company are Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia.
| Share Holding Pre Issue | 95.63% |
| Share Holding Post Issue | 69.76% |
About Wise Travel India Limited
Incorporated in 2009, Wise Travel India Limited is a transport company that offers car rentals and transportation services. The company offer services across 130 cities in India.
The company offers a range of services including car rental, employee transportation, end-to-end employee transport solutions (MSP), flexible fixed/monthly rental plans, airport counters, fleet management, mobility services for MICE, cutting-edge mobility tech solutions, sustainable mobility, project mobility solutions, strategic consulting and advisory on mobility, and community commute.
WTI offers a variety of rental cars, including executive cars, luxury cars, coaches, SUVs, and sedans.
The company offer services in cities such as Delhi NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur and Kolkata. The client base of the company includes Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola American Express, Renault, LinkediN, Hitachi, Cheli, Sapient, Panasonic etc.
As of October 31, 2023, the company has 784 employees including directors on its payroll.
Wise Travel India Limited Financial Information (Restated)
Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 13,427.82 | 12,161.21 | 6,002.64 | 5,271.17 |
| Revenue | 19,016.53 | 24,997.04 | 8,970.00 | 4,405.51 |
| Profit After Tax | 1,132.91 | 1,029.36 | 377.74 | 172.85 |
| Net Worth | 5,194.36 | 4,061.45 | 2,832.10 | 2,454.36 |
| Reserves and Surplus | 3,457.28 | 3,745.62 | 2,537.10 | 2,159.36 |
| Total Borrowing | 1,627.55 | 1,674.50 | 216.32 | 56.59 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of WTI Cabs IPO is Rs 350.03 Cr.
| KPI | Values |
|---|---|
| ROE | 29.79% |
| ROCE | 22.90% |
| Debt/Equity | 0.65 |
| RoNW | 25.28% |
| P/BV | 6.28 |
Check WTI Cabs IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.91 | 9.52 |
| P/E (x) | 24.81 | 15.45 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latestFY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FYearnings of September 30, 2023 that is available in RHP.
Objects of the Issue (WTI Cabs IPO Objectives)
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
WTI Cabs IPO Review (Apply)
[Dilip Davda] The company is a corporate transport and employees’ logistics provider operating on a B2B model. It has also opened its office in Dubai to offer services over there. The company marked growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Considering future prospects based on its financial parameters, investors may lap it p for medium to long term rewards. Read detail review...
WTI Cabs IPO Subscription Status (Bidding Detail)
The WTI Cabs IPO is subscribed 163.46 times on February 14, 2024 6:21:00 PM. The public issue subscribed 108.76 times in the retail category, 106.69 times in the QIB category, and 375.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 106.69 |
| NII | 375.56 |
| Retail | 108.76 |
| Total | 163.46 |
Total Application : 226,649 (108.76 times)
WTI Cabs IPO Prospectus
- ›WTI Cabs IPO DRHP
- ›WTI Cabs IPO RHP
- ›Anchor Investors in WTI Cabs IPO
WTI Cabs IPO Rating
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5.0
Rating:
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WTI Cabs IPO Listing Details
| Listing Date | February 19, 2024 |
| BSE Script Code | |
| NSE Symbol | WTICAB |
| ISIN | INE623Y01011 |
| Final Issue Price | ₹147 per share |
Listing Day Trading Information
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹147.00 |
| ₹195.00 |
| ₹195.00 |
| ₹204.75 |
| ₹204.75 |
Check IPO Performance…
Wise Travel India Limited Contact Details
Wise Travel India Limited
D-21, Corporate Park,
3rd Floor, Near Sector-8 Metro
Station, Sector-21, Dwarka- 110075
Phone: +91-11-45434542
Email: [email protected]
Website: https://www.wticabs.com/
WTI Cabs IPO Registrar
Phone: +91 11 29961281
Email: [email protected]
Website: http://www.beetalmail.com/smeipo
WTI Cabs IPO - Buy or Not
WTI Cabs IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 0 |
| Members | 1 | 0 | 0 |
Read All ReviewsPost Your Review Manage Reviews
WTI Cabs IPO Lead Manager(s)
- Share India Capital Services Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager PerformanceTracker
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WTI Cabs IPO FAQs
WTI Cabs IPO is a SME IPO of 6,441,000 equity shares of the face value of ₹10 aggregating up to ₹94.68 Crores. The issue is priced at ₹140 to ₹147 per share. The minimum order quantity is 1000 Shares.
The IPO opens on February 12, 2024, and closes on February 14, 2024.
Beetal Financial & Computer Services (P) Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in WTI Cabs IPO using UPI as a payment gateway. Zerodha customers can apply in WTI Cabs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in WTI Cabs IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'WTI Cabs IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The WTI Cabs IPO opens on February 12, 2024 and closes on February 14, 2024.
WTI Cabs IPO lot size is 1000 Shares, and the minimum amount required is ₹147,000.
You can apply in WTI Cabs IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for WTI Cabs IPO will be done on Thursday, February 15, 2024, and the allotted shares will be credited to your demat account by Friday, February 16, 2024. Check the WTI Cabs IPO allotment status.
The WTI Cabs IPO listing date is on February 19, 2024.
WTI Cabs IPO Message Board
Ranked Members | Members with Most Likes
643 Comments
Stock Discussion
271.IPOse Dukhi Atma| Link| Bookmark|March 13, 2024 7:38:13 PM(200+ Posts)
seems to be a great buy at current levels or any level below todays LTP,, but yes, It may fall further due to current market sentiment. I hope this ends soon.
I feel myself lucky twice. Bought in pre-open at 195 and sold at 245. Bought again at 190.05 and sold at 200.
Will re-enter once wall street bloodbath stops.
270.Gai Bhens Paani Me| Link| Bookmark|March 6, 2024 3:00:19 PM
Buying seen now, hold tight for target of 300-350..
269.Adpsuk| Link| Bookmark|March 1, 2024 8:48:49 PM
My money is still blocked for wise travel ipo does anybody knows the reason I have created mandate by UPI am I the only one who is facing this issue??
268.Vikajay| Link| Bookmark|March 1, 2024 12:13:56 PM
Tomorrow (2nd March)- it will have 5% circuit or 10% circuit as it will be post 10 days.
267.Gai Bhens Paani Me| Link| Bookmark|February 23, 2024 8:16:44 PM
It seems like it will touch 300-350 soon.
267.1.Jagdeep| Link| Bookmark|February 25, 2024 5:01:25 PM
This stock will be 10X in 5 years
WTI Cabs
Wise Travel India
#WTICABS
Excellent growth track record 🔥
H1FY24 numbers higher than FY23 numbers
PAN India presence
7000+ fleets
500+ clients
FY23:
Rev at 250cr
EBITDA at 19cr
OPM at 7.6%
PAT at 10.3cr
H1FY24:
Rev at 190cr
EBITDA at 22cr
OPM at 11.55%
PAT at 11.4cr
FY23:
RoE 30%
RoCE 23%
H1FY24:
RoE 25%
RoCE 21%
Solid client list with reputed names
D/E at 0.49x as on H1FY24
266.atul| Link| Bookmark|February 23, 2024 7:15:50 PM(300+ Posts)
Hold this gem .will see many uc soon
265.Gai Bhens Paani Me| Link| Bookmark|February 23, 2024 12:57:54 PM
Strong UC today.
264.rohiitian| Link| Bookmark|February 23, 2024 10:49:20 AM
IPO Guru (1100+ Posts, 700+ Likes)
Looks like people are playing a game - Buy at 197, sell at 203. Rarely an SME stock after listing is so stable.
Load more comments (1 replies)
264.2.rohiitian| Link| Bookmark|February 23, 2024 12:54:48 PM IPO Guru (1100+ Posts, 700+ Likes)
Lol just when we say this, it nearly hits UC
264.3.rohiitian| Link| Bookmark|February 23, 2024 12:56:09 PM IPO Guru (1100+ Posts, 700+ Likes)
And its hit
263.Vigneshkumar| Link| Bookmark|February 21, 2024 10:07:24 PM
Two more Bulk deals today!!! (21.02.2024)
Enjoy!! Soon it will be in UC!!
263.1.NewInvestorHSC| Link| Bookmark|February 22, 2024 9:45:08 AM
Where can we find details of these bulk deals? Can you please share the screenshot?
262.IPOse Dukhi Atma| Link| Bookmark|February 21, 2024 11:25:13 AM(200+ Posts)
Bought 1 lot yesterday in pre-open,, will keep it for long term. Today great support @200 level. Will cross 250 in no time 🤞
Load more comments (18 replies)
262.19.Pangaj Don't be like me| Link| Bookmark|March 6, 2024 12:49:13 PM(300+ Posts)
@rohiitiani am also holding allotted lot.
262.20.Pangaj Don't be like me| Link| Bookmark|March 6, 2024 12:52:32 PM(300+ Posts)
@rohiitiansorry purchased lot(Purchased @200)
261.Vive| Link| Bookmark|February 20, 2024 1:09:24 PM
Thnx God mene lalach nhi Kiya aur Kal 204.75 me sold Kar diya.pre open se bhi Yada profit mila mujhe.
261.1.Seth.| Link| Bookmark|February 20, 2024 6:38:55 PM IPO Guru (1200+ Posts, 500+ Likes)
Great 👍
260.NaniNaresh| Link| Bookmark|February 20, 2024 9:53:27 AM
@Admin @ Chittorgarh.com
I have applied one lot for this WISE TRAVEL ipo from SBI ASBA services. still my money is blocked. How can I unlblock this?
Kindly suggest?
260.1.Vimal Garodia| Link| Bookmark|February 20, 2024 10:17:15 AM IPO Guru (2900+ Posts, 3000+ Likes)
@NaniNareshPlease contact your bank, preferably calling and or visiting branch with all the details. Email your specific branch and cc that to registrar..
They will help you in this matter..
All the best..
260.2.Adpsuk| Link| Bookmark|March 1, 2024 8:50:10 PM
My money is also still blocked what to do now!!pls help
259.SSingh| Link| Bookmark|February 20, 2024 8:53:02 AM IPO Guru (1400+ Posts, 800+ Likes)
Kal bhi ek LC lagna chahiye, looking at the volume today. Please don’t try to grab the falling knife! Lena hai to ₹175 ke around lena. Mauka milna chahiye!! Nahii aaya to jaane do. This is what I tell myself in this counter 😊🙏🏻
Load more comments (3 replies)
259.4.Simply Vicky| Link| Bookmark|February 21, 2024 8:27:06 AM
Top Contributor (500+ Posts, 100+ Likes)
@sssingh i lost opportunity today to grab it@185. I will try to buy it at lower level.
259.5.SSingh| Link| Bookmark|February 21, 2024 9:22:09 AM IPO Guru (1400+ Posts, 800+ Likes)
Yes, seems like a lost opportunity. Should give returns from here as selling pressure was nicely absorbed today.
258.TechSuz| Link| Bookmark|February 20, 2024 8:22:36 AM
Yesterday bought this stock, today tried for sell at 206 but unable to sell bcoz of stock was not settle yet in our demate...
257.Shady sathish| Link| Bookmark|February 20, 2024 7:38:42 AM
What is the price of upper band today ,?
257.1.IPOTraders| Link| Bookmark|February 20, 2024 7:41:52 AM
IPO Mentor (800+ Posts, 400+ Likes)
@Shady sathish
214.95 upper limit
257.2.Shady sathish| Link| Bookmark|February 20, 2024 7:52:01 AM
Thanks bro
256.SSingh| Link| Bookmark|February 19, 2024 10:07:28 AM IPO Guru (1400+ Posts, 800+ Likes)
64.41L Shares Issue (₹94.68 Crores). Only 33% (21.69L) shares traded so far and that too by many retailers and small HNis. So as per my understanding, this should HIT LC soon! Currently trading at UC.
Let’s see.
This is not a selling or buying recommendation. Just sharing my analysis of screen. 🙏🏻🙏🏻
Load more comments (1 replies)
256.2.IPO Yani Milega| Link| Bookmark|February 19, 2024 7:23:42 PM
Hi,
An novice here.
Can you let me know how can I know about the share holding in non promoter section as of EOD.
I looked at the NSE website. It's showing just 25 lakh shares got traded today and 1875 unique transactions. Thus, average 1.5 lot per transaction. So, all retail only.
How can I derive more insights? Thanks
256.3.KML| Link| Bookmark|February 19, 2024 9:53:31 PM(300+ Posts)
Dear SS Singh, arround 2600000 shares traded till close market today.
255.KML| Link| Bookmark|February 19, 2024 9:51:58 PM(300+ Posts)
19-Feb-2024
WTICAB Bulk deal
Wise Travel India Limited
VIJIT GLOBAL SECURITIES PRIVATE LIMITED. BUYqty. 3,60,000. Price:202.31
Very good name of hni investor
He also added bondada, basilic fly, docmode
255.1.SSingh| Link| Bookmark|February 20, 2024 8:53:47 AM IPO Guru (1400+ Posts, 800+ Likes)
This name looks like a trading company and not a renowned investor. 😂😂
254.TechSuz| Link| Bookmark|February 19, 2024 3:14:54 PM
Today buy in pre open market at 195 what to do for now?? Any Target?
254.1.KML| Link| Bookmark|February 19, 2024 3:20:18 PM(300+ Posts)
Hold for long term, very good screept
253.JSK✨| Link| Bookmark|February 19, 2024 9:07:03 AM IPO Guru (1600+ Posts, 900+ Likes)
Holding WTI!
Load more comments (4 replies)
253.5.Tejas Pandya| Link| Bookmark|February 20, 2024 9:13:34 AM IPO Guru (3100+ Posts, 2500+ Likes)
WISE DECISION..
253.6.diwan kapoor| Link| Bookmark|February 20, 2024 10:41:33 PM IPO Guru (1400+ Posts, 900+ Likes)
@Tejas PandyaGood decision Bandhu..!!
Profit Mubarak ho.. 🥀🥀
252.atul| Link| Bookmark|February 19, 2024 11:18:09 AM(300+ Posts)
@vicky , Cheap valuation always reward.See.the docmode and delaplex.which eariler no one was willing to buy are enjoying currently daily UCs.
Hold this gem.
252.1.Simply Vicky| Link| Bookmark|February 19, 2024 1:17:19 PM Top Contributor (500+ Posts, 100+ Likes)
@atul i am having both of them...i purchased them@lower circuit...it will show its strength soon. Dhtl will prove its dominance over lawsikho(incremental growth in stock price).
Stock Discussion
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