WTI Cabs IPO GMP, IPO Price Band, IPO Lot Size

WTI Cabs IPO is opening for subscription on February 12, 2024, and closing on February 14, 2024. This NSE SME IPO aims to raise ₹94.08 crores, with a 100% Fresh Issue of 6,441,000 equity shares, each with a face value of ₹10. The price band for the WTI Cabs IPO is fixed at ₹140 -₹147 Per Share, with a market lot of 1000 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). WTI Cabs IPO Allotment will done on February 15, 2024, and WTI Cabs IPO listing date is February 19, 2024.

 

WTI Cabs Company Profile

Founded in 2009, WTI embarked on a mission to revolutionize urban mobility across India. Notable milestones include managing ground transportation for the XIX Commonwealth Games in New Delhi in 2010 and expanding to seven major metro cities by 2012. SuNSEquent strategic acquisitions and expansions have bolstered its position in the urban transportation market.

It offers range of services including car rental fleet to over 2500 cabs, employee transportation, rental plans, convenient airport counters, fleet management, mobility tech solutions, sustainable mobility, project mobility, strategic consulting and advisory, and a lot more. The company has a strong foothold in all the major cities of India including Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Chandigarh, Indore, Ahmedabad, etc.

It also has an international presence in Dubai with 17 airport counters.

 

WTI Cabs IPO GMP

 

WTI Cabs IPO Objectives

The funds raised through the IPO will be utilized for:

1. To meet working capital requirements
2. General corporate purposes
3. Issue expenses

 

WTI Cabs IPO Key Details

• WTI Cabs IPO Open Date: February 12, 2024
• WTI Cabs IPO Close Date: February 14, 2024
• WTI Cabs IPO Size: Approximately ₹94.08 crores, 6,441,000 Equity Shares
• Face Value: ₹10 Per Equity Share
• WTI Cabs IPO Price Band: ₹140 -₹147 Per Equity Share
• WTI Cabs IPO Listing on: NSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

WTI Cabs IPO Timeline

• WTI Cabs IPO Open Date: February 12, 2024
• WTI Cabs IPO Close Date: February 14, 2024
• Basis of Allotment: February 15, 2024
• Refunds: February 16, 2024
• Credit to Demat Account: February 16, 2024
• WTI Cabs IPO Listing Date: February 19, 2024

 

How to Apply for WTI Cabs IPO

Investors can apply for the WTI Cabs IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

WTI Cabs Financial Performance (in Crores)

• Year 2021: Revenue ₹44.07, Expense ₹41.81, PAT ₹1.73
• Year 2022: Revenue ₹89.71, Expense ₹84.79, PAT ₹3.78
• Year 2023: Revenue ₹249.98, Expense ₹236.15, PAT ₹10.29
• September 2023: Revenue ₹190.18, Expense ₹175.34, PAT ₹11.33

 

WTI Cabs Valuation FY2024

• Earning Per Share (EPS): ₹5.93 per Equity Share
• Price/Earning P/E Ratio: Not available
• Return on Net Worth (RoNW): 25.34%
• Net Asset Value (NAV): ₹23.38 per Equity Share

 

WTI Cabs Peer Group

• N/A

 

WTI Cabs Company Promoters

• Mr. Ashok Vashist
• Ms. Hema Bisht
• Mr. Vivek Laroia

 

WTI Cabs IPO Registrar

Beetal Financial & Computer Services (P) Limited
Beetal House, 3rd Floor,
99, Madangir, Behind Local Shopping Centre,
New Delhi – 110062
Website: http://www.beetalmail.com/smeipo
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com

 

WTI Cabs IPO Allotment Status Check

• Check the WTI Cabs IPO allotment status on the Beetal Financial & Computer Services website.

 

WTI Cabs IPO Allotment Link

• Check the WTI Cabs IPO allotment on the ipogmp.org website.

 

WTI Cabs IPO Lead Managers (Merchant Bankers)

• Share India Capital Services Private Limited

 

WTI Cabs Company Address

D-21, Corporate Park, 3rd Floor, Near Sector-8 Metro Station, Sector-21
Dwarka,Delhi-110075 India
Website: https://www.wticabs.com/
Phone: +91-11-45434542
Email: cs@wti.co.in

 

WTI Cabs IPO FAQs

 

What is WTI Cabs IPO?

WTI Cabs IPO is an NSE SME IPO. They are going to raise ₹94.08 crores via IPO. The issue is priced at ₹140 -₹147 Per equity share. The IPO is to be listed on NSE.

 

When will the WTI Cabs IPO open?

The IPO is to open on February 12, 2024, for NII, and Retail Investors.

 

What is WTI Cabs IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the WTI Cabs IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply WTI Cabs IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

 

How to Apply the WTI Cabs IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the WTI Cabs IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is WTI Cabs IPO Size?

WTI Cabs IPO size is ₹94.08 crores.

 

What is WTI Cabs IPO Price Band?

WTI Cabs IPO Price Band is ₹140 -₹147 Per equity share.

 

What is WTI Cabs IPO Minimum and Maximum Lot Size?

The IPO bid is 1000 Shares with ₹147,000.

 

What is WTI Cabs IPO Allotment Date?

WTI Cabs IPO allotment date is February 15, 2024.

 

What is WTI Cabs IPO Listing Date?

WTI Cabs IPO listing date is February 19, 2024. The IPO to list on NSE SME IPO.