Hippo Cabs IPO Details

HippoCabs IPOHippoCabs IPO description – HippoCabs (a brand of TrekkingToes.com Limited) is engaged in the business of offering travel aggregator platform to cab rental services to wide range of customers via www.hippocabs.com and mobile application (app) i.e. HippoCabs. The company has built technology and data-driven solutions for every area of the business and works on exclusive and non-exclusive model with driver and vendors. It has more than 1,500 vendors with more than 4,000 vehicles registered with it for intercity services. HippoCabs provides dynamic pricing and route specific approach and currently, it offers services in approximately 200 cities across India. HippoCabs is solving the core problem of finding return journeys for its driver partners. It is able to achieve this through a combination of algorithms and strategic approach. Using dynamic pricing algorithms, it has been able to increase the efficiency of return booking to a point where almost all its driver partners are able to get the return journeys directly through its platform. It plans to replicate the route specific approach it applied on Jaipur-Delhi route on similar routes like Delhi – Agra, Delhi – Chandigarh, Delhi-Dehradun, Delhi – Manali, Jaipur – Agra and Mumbai – Pune to become market leader on these. The company is also engaged in Data Base trading, Software Consultancy services, Currency Conversion Services in Indian as well as International Markets.

Promoters of Trekkingtoes.com Limited – Mr Sahil Agrawal and Mr Sagar Agrawal
HippoCabs IPO details
Subscription Dates 18 – 20 August 2020
Price Band INR105 per share
Fresh issue 433,200 shares (INR4.55 crore)
Offer For Sale Nil
Total IPO size 433,200 shares (INR4.55 crore)
Minimum bid (lot size) 1,200 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE Startup platform
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Trekkingtoes.com Limited’s financial performance (in INR lakh)

    FY2018 FY2019 FY2020
Revenue   316.7 484.1 269.8
Expenses   360.3 591.0 325.4
Net income   -43.6 -106.9 2.5
         

Registrar of HippoCabs IPO

KFin Technologies Private Limited 
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com

Valuation of HippoCabs IPO (FY2020)

Earnings Per Share (EPS): INR0.23 
Price/Earnings (PE ratio): 456.52 
Return on Net Worth (RONW): 270.62%
Net Asset Value (NAV): INR0.08 per share

Hippo Cabs IPO Subscription Details

Day Subscription (no. of times)
Day 1

0.48

Day 2

1.04

Day 3

1.47

HippoCabs Contact Details

Trekkingtoes.com Limited
236, Mahaveer Nagar 1st 
Durgapura, Tonk Road 
Jaipur, Rajasthan – 302 018
Phone: 9610449969
Email: [email protected]
Website: www.hippocabs.com

HippoCabs IPO Allotment Status

HippoCabs’ IPO allotment status is now available on KFin Technologies’ website. Click on this link to get allotment status

Listing Performance of HippoCabs

IPO Opening Date: 18 August 2020
IPO Closing Date: 20 August 2020
Listing Date: 28 August 2020
Opening Price on BSE Startup: INR105 per share (no change from IPO price)
Closing Price on BSE Startup: INR99.75 per share (down 5% from IPO price)

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