Last updated on February 19, 2024
WTi Cabs IPO description – Incorporated in 2009, Wise Travel India (WTi) emerged as a leading force in India’s mobility sector. Since that time, its unwavering dedication has redefined urban mobility and transformed the nature of daily commutes. With India’s urban population growing at an annual rate of 2.5%, surpassing 400 million urban residents, the demand for advanced and environmentally conscious mobility solutions is crucial.
WTi is set to make its international debut by commencing operations in Dubai. During this period, 17 airport counters were established, providing travelers with seamless transportation services right from their point of arrival. Concurrently, as part of its commitment to the future of the industry and the company, WTi introduced a Management Trainee Program. This initiative aims to mold the next generation of Mobility Services leaders, ensuring the continuation of the brand’s ethos with the same passion.
Operating in Delhi NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata, the company serves esteemed clients such as Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola, American Express, Renault, LinkediN, Hitachi, Cheli, Sapient, Panasonic, and more. Unleashing excellence across diverse sectors.
Promoters of WTi Cabs – Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia
Table of Contents
WTi Cabs IPO Details
| WTi Cabs IPO Dates | 12 – 14 February 2024 |
| WTi Cabs Issue Price | INR 140 – 147 per share |
| Fresh issue | 6,441,000 shares (INR 90.17 – 94.68 crore) |
| Offer For Sale | NIL |
| Total IPO size | 6,441,000 shares (INR 90.17 – 94.68 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 147,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
WTi Cabs Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 42.27 | 88.62 | 249.60 | 189.89 |
| Expenses | 41.81 | 84.79 | 236.15 | 175.34 |
| Net income | 1.78 | 3.75 | 10.27 | 11.36 |
WTi Cabs Offer News
- WTi Cabs RHP
- WTi Cabs Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
WTi Cabs Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.09 | 2.31 | 5.91 |
| PE ratio | – | – | 23.69 – 24.87 |
| RONW (%) | 7.23 | 13.25 | 25.28 |
| NAV | 15.14 | 17.45 | 23.39 |
| ROCE (%) | 8.96 | 17.57 | 22.90 |
| EBITDA (%) | 7.11 | 6.91 | 7.44 |
| Debt/Equity | 0.28 | 0.13 | 0.65 |
WTi Cabs IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 17 February 2024 | 55 | – | 50,000 |
| 16 February 2024 | 50 | – | 45,000 |
| 15 February 2024 | 50 | – | 45,000 |
| 14 February 2024 | 75 | – | 57,500 |
| 13 February 2024 | 75 | – | 57,500 |
| 12 February 2024 | 100 | – | 80,000 |
| 10 February 2024 | 135 | – | 105,000 |
| 9 February 2024 | 130 | – | 105,000 |
| 8 February 2024 | 125 | – | 102,000 |
| 7 February 2024 | 110 | – | 82,500 |
| 6 February 2024 | 85 | – | 62,700 |
| 5 February 2024 | 90 | – | 68,000 |
| 3 February 2024 | 82 | – | 60,000 |
| 2 February 2024 | 80 | – | 60,000 |
WTi Cabs IPO Subscription – Live Updates
| Category | QIB | NIB | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 1,191,000 | 894,000 | 2,084,000 | 49,000 | 4,218,000 |
| 14 Feb 2024 | 106.69 | 376.05 | 108.76 | 26.65 | 163.87 |
| 13 Feb 2024 | 7.05 | 18.11 | 18.37 | 5.02 | 14.96 |
| 12 Feb 2024 | 0.02 | 3.58 | 7.06 | 1.73 | 4.27 |
The market maker reservation portion of 4,38,000 shares is not included in the above calculations.
WTi Cabs IPO Allotment Status
WTi Cabs IPO allotment status is now available on the Beetal Financial & Computer Services website. Click on this link to get allotment status.
WTi Cabs IPO Dates & Listing Performance
| IPO Opening Date | 12 February 2024 |
| IPO Closing Date | 14 February 2024 |
| Finalization of Basis of Allotment | 15 February 2024 |
| Initiation of refunds | 16 February 2024 |
| Transfer of shares to demat accounts | 16 February 2024 |
| IPO Listing Date | 19 February 2024 |
| Opening Price on NSE SME | INR 195 per share (up 32.65%) |
| Closing Price on NSE SME | INR 204.75 per share (up 39.29%) |
WTi Cabs Offer Lead Manager
SHARE INDIA CAPITAL SERVICES PVT. LTD.
A-15, Sector-64,
Noida –201301, UP, India
Phone:Â +91-0120-4910000
Email:Â [email protected]
Website:Â www.shareindia.com
WTi Cabs Offer Registrar
BEETAL FINANCIAL & COMPUTER SERVICES (P) LIMITED
3rd Floor, Beetal House, 99,
behind Local Shopping Centre, Madangir
Village, Madangir, New Delhi, Delhi 110062
Tel:Â 011-2996 128 011-29961281-83/26051061/260510641
E-mail:Â [email protected] / [email protected]
Website:Â www.beetalfinancial.com
WTi Cabs IPO 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
E-mail: [email protected]
Website: www.wticabs.com
IPO FAQs
What is the WTi Cabs offer size?
WTi Cabs offer size is INR 90.17 – 94.68 crores.
What is the WTi Cabs offer price band?
WTi Cabs public offer price is INR 140 – 147 per share.
What is the lot size of the WTi Cabs IPO?
WTi Cabs offer lot size is 1,000 shares.
What is WTi Cabs IPO GMP today?
WTi Cabs IPO GMP today is INR 55 per share.
What is the WTi Cabs kostak rate today?
WTi Cabs kostak rate today is NA per application.
What is WTi Cabs Subject to Sauda rate today?
WTi Cabs are Subject to the Sauda rate today is INR 50,000 per application.
IPO size is around 80 – 85 crore so price should be around 132/-
PE ratio comes to around 22.3