{"id":35060,"date":"2024-02-05T13:38:02","date_gmt":"2024-02-05T08:08:02","guid":{"rendered":"https:\/\/prevalentindia.in\/index.php\/2024\/02\/05\/wise-travel-india-limited-wticabs-ipo-opens-on-12th-february-2024\/"},"modified":"2024-02-05T13:38:02","modified_gmt":"2024-02-05T08:08:02","slug":"wise-travel-india-limited-wticabs-ipo-opens-on-12th-february-2024","status":"publish","type":"post","link":"https:\/\/prevalentindia.in\/index.php\/2024\/02\/05\/wise-travel-india-limited-wticabs-ipo-opens-on-12th-february-2024\/","title":{"rendered":"Wise Travel India Limited (WTicabs) IPO Opens on 12th February, 2024"},"content":{"rendered":"<div>\n<p>Issue Size \u2013 64,41,000 Equity Shares of \u20b9 10 each, Issue Size \u2013 \u20b9 90.17 \u2013 \u20b9 94.68 Crores, Price Band \u2013 \u20b9 140 to \u20b9 147, Market Lot Size \u2013 1,000 Equity Shares<\/p>\n<p><strong>Mumbai (Maharashtra) [India], February 5:<\/strong> Wise Travel India Limited,\u00a0a trailblazer in India\u2019s urban mobility sector, has announced its plan to go public with an Initial Public Offering on February 12, 2024.\u00a0The company is aiming to raise\u00a0\u20b9\u00a094.68 Crores\u00a0on upper band price\u00a0through this IPO, with shares set to be listed on the NSE Emerge platform.<\/p>\n<p>The fresh issue size is up to 64,41,000 equity shares at face value of\u00a0\u20b910 each.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<p>-QIB Anchor Portion \u2013 17,85,000 Equity Shares<\/p>\n<p>-Qualified Institutional Buyers (QIB) \u2013 11,91,000 Equity Shares<\/p>\n<p>-Non-Institutional Investors (NII) \u2013\u00a08,94,000 Equity Shares<\/p>\n<p>-Retail Individual Investors (RII) \u2013\u00a020,84,000 Equity Shares<\/p>\n<p>-Market Maker \u2013\u00a04,38,000 Equity Shares\u00a0<\/p>\n<p>-Reserved For Employee \u2013 49,000 Equity Shares<\/p>\n<p>-No of shares are subject to finalisation of Basis of Allotment<\/p>\n<p>The net proceeds from the IPO will be utilized for\u00a0Funding Working Capital Requirements and General Corporate Expenses.\u00a0The bidding for Anchor portion will open on February 09, 2024 and the issue closes on February 14, 2024.<\/p>\n<p>The Book Running Lead Manager to the Issue\u00a0is\u00a0Share India Capital Services Private Limited. The Registrar to the Issue is\u00a0Beetal Financial &amp; Computer Services (P) Limited.<\/p>\n<p>Mr. Ashok Vashist, Founder &amp; CEO of Wise Travel India Limited\u00a0said, \u201cAs we approach the IPO milestone for Wise Travel India Limited, it\u2019s a momentous occasion for us. We started this journey in 2009 with a vision to redefine urban mobility in India. Our consistent commitment to innovation, sustainability, and customer service has positioned us as a trailblazer in the industry.\u00a0<\/p>\n<p>The funds raised will empower us to fulfill our working capital needs, further enhance our services and expand our presence while continuing our commitment to sustainability. I am optimistic about the possibilities that lie ahead as we shape the future of ground transport.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Issue Size \u2013 64,41,000 Equity Shares of \u20b9 10 each, Issue Size \u2013 \u20b9 90.17 \u2013 \u20b9 94.68<\/p>\n","protected":false},"author":1,"featured_media":35061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[575],"class_list":["post-35060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/35060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=35060"}],"version-history":[{"count":0,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/35060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media\/35061"}],"wp:attachment":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=35060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=35060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=35060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}