Exploring the IPO Journey of Wise Travel India Limited
Wise Travel India Limited, a leading innovator in India’s urban mobility sector, is embarking on its IPO journey. This document delves into the company’s initial public offering (IPO) process, providing insights into its growth potential, market positioning, and strategic objectives. With a formal tone, it offers a comprehensive overview in a concise manner.
Wise Travel India Limited (WTicabs), a trailblazer in India’s urban mobility sector, is poised to embark on a significant journey as it announces its decision to go public through an initial public offering slated for February 12, 2024. This strategic move aims to secure Rs 94.68 crore on the upper band price, with shares primed for listing on the esteemed NSE Emerge platform. The IPO will feature a fresh issue size of up to 64,41,000 equity shares, each valued at Rs10, earmarked for financing working capital requirements and general corporate expenses. Notably, the anchor portion bidding commences on February 9, 2024, culminating with the closure of the issue on February 14, 2024.
Pioneering Ground Transport: WTicabs’ Impact and Reach
WTicabs, a pioneering force in India’s urban mobility landscape since its inception in 2009, has continually reshaped the ground transport paradigm. Fueled by a relentless pursuit of innovation, unparalleled customer service, and unwavering commitment to sustainability, WTicabs stands out as an undisputed leader in the realm of ground transport, garnering global recognition.
Strategic Expansion and Commitment to Sustainability
With a nationwide presence, WTicabs has strategically extended its reach to key urban centers, offering a diverse array of services bolstered by strategic acquisitions. Noteworthy is the company’s dedication to environmental stewardship, underscored by its widespread adoption of electric vehicles across its expansive fleet of 7,000+, spanning from metropolitan hubs to tier 2, 3, and 4 cities.
International Endeavors and Global Acclaim
In a momentous stride, WTicabs marked its international debut in Dubai in 2023, reaffirming its commitment to pioneering solutions and global excellence.
Impressive Milestones and Operational Excellence
Evidencing its operational prowess are WTicabs’ impressive statistics: a dedicated workforce exceeding 700 professionals, a presence in 12 prominent airports, and an around-the-clock call center ensuring seamless service delivery to over 500 clients. Notably, in FY23, the company achieved a commendable revenue of Rs 249.60 crore, coupled with an EBITDA of Rs 18.95 crore and a PAT of Rs 10.29 crore.
