In 2009, WTI was founded with a vision to transform urban mobility across India. Displaying its capability to efficiently manage large-scale Mobility Service’s needs, the company took on the responsibility of managing the entire personal ground transportation for the XIX Commonwealth Games in New Delhi in 2010. By 2012, WTI spread its wings to seven major metro cities of India. This expansion was fortified when the company acquired India Fleet, a subsidiary of Tranzlease India Pvt. Ltd., a move that solidified its foothold in the urban transportation market. From 2013 to 2014, WTI broadened its horizons, bolstering its car rental fleet to over 2500 cabs. This growth was complemented by the strategic acquisition of Wyncabs and Smart Ride, a prominent coach rental company, thereby serving an even broader clientele.
International accolades came knocking between 2015 and 2017. The company was lauded in Dubai as the World’s Greatest Leaders 2015 in the Ground Transport Category for Asia & GCC. By 2017, the accolades continued with WTI being chosen as the fleet partner for the esteemed World’s Greatest Leader event held in Singapore. The period from 2018 to 2020 was earmarked by the company’s pledge to sustainability. Electric vehicles became a significant part of the fleet, mirroring global aspirations for greener transportation. In 2021, acknowledging the burgeoning demand in smaller cities, WTI ventured into tier 2, 3, and 4 cities, ensuring that 109 premium mobility services were not just the privilege of metropolitan residents. Recognizing the global potential of its services, 2022 saw the brand preparing to go international.
By 2023, WTI will mark its international debut, initiating operations in Dubai. This year also witnessed the establishment of 17 airport counters, facilitating travelers with seamless transportation right from their point of arrival. Simultaneously, investing in the future of the industry and the company, WTI introduced a Management Trainee Program, sculpting the next generation of Mobility Services leaders and ensuring the brand’s ethos is carried forward with the same fervor.
Objects of the Issue:
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
WTI Cabs IPO Review
- Apply
WTI Cabs IPO Date & Price Band Details
| IPO Open: | February 12, 2024 |
| IPO Close: | February 14, 2024 |
| IPO Size: | Approx ₹94.68 Crores, 6,441,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹140 to ₹147 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
WTI Cabs IPO Market Lot
The WTI Cabs IPO minimum market lot is 1000 shares with a ₹147,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹147,000 |
| Retail Maximum | 1 | 1000 | ₹147,000 |
| S-HNI Minimum | 2 | 2000 | ₹294,000 |
WTI Cabs IPO Dates
The WTI Cabs IPO date is February 12 and the IPO close date is February 14. The IPO allotment date is February 15 and the IPO might list on February 19.
| IPO Open Date: | February 12, 2024 |
| IPO Close Date: | February 14, 2024 |
| Basis of Allotment: | February 15, 2024 |
| Refunds: | February 16, 2024 |
| Credit to Demat Account: | February 16, 2024 |
| IPO Listing Date: | February 19, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
WTI Cabs IPO Form
How to apply WTI Cabs IPO? You can apply WTI Cabs IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the WTI Cabs IPO in the Invest section. The other option you can apply WTI Cabs IPO via IPO forms download via the NSE website. Check out the WTI Cabs forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
WTI Cabs Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹44.07 | ₹41.81 | ₹1.73 |
| 2022 | ₹89.71 | ₹84.79 | ₹3.78 |
| 2023 | ₹249.98 | ₹236.15 | ₹10.29 |
| September 2023 | ₹190.18 | ₹175.34 | ₹11.33 |
WTI Cabs IPO Valuation – FY2023
Check WTI Cabs IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.93 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 25.34% |
| Net Asset Value (NAV): | ₹23.38 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Ashok Vashist
- Ms. Hema Bisht
- Mr. Vivek Laroia
WTI Cabs IPO Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: [email protected]
Website: http://www.beetalfinancial.com
WTI Cabs IPO Allotment Status
Check WTI Cabs IPO allotment status on Beetal Financial website URL. Click Here
WTI Cabs IPO Lead Managers aka Merchant Bankers
- Share India Capital Services Private Limited
Company Address
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/
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