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Naturewings Holidays IPO
Price Band
₹
Issue Size
₹7.03 Cr
Lot Size
1,600 shares
Min Investment
₹118,400
GMP
+₹30.0 (40.54%)
Issue Price
₹74.0
Subject to Sauda
₹36500
Paid only if allotted
Naturewings Holidays IPO AI Summary
- Naturewings Holidays IPO is listed on BSE SME in the Tour, Travel Related Services sector.
- Subscription window: 03 Sep–05 Sep 2024, listing on 10 Sep 2024.
- Current GMP is +₹30.0 (40.54%) — unofficial and can change daily.
Naturewings Holidays Limited is a growing tour company focusing on the Himalayan region and expanding into international markets. With significant revenue growth and a reasonable P/E ratio compared to peers, it presents an interesting opportunity for investors, though risks remain inherent in the travel sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Naturewings Holidays IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 05 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Naturewings Holidays IPO Grey Market Premium (GMP) Today
GMP
+₹30.0
GMP %
+40.54%
Est. Listing
₹104.0
Updated: 25 Jul 2026 14:04
About the Company
Incorporated in December 2018, Naturewings Holidays Limited is a tour company that offers holiday packages for leisure travellers visiting the Himalayan ranges. The company mainly focuses on regions such as India, Nepal and Bhutan. The company provides comprehensive travel solutions, including land and air bookings, hotel reservations, in-transit arrangements, local sightseeing, and destination management services. It caters to individuals and groups visiting Himalayan destinations and has recently launched an international division to extend its services to global destinations. As of March 31, 2024, Naturewings Holidays has access to over 750 hotels in the Himalayan Ranges and various international destinations. As of March 31, 2024, the company had served approximately 7,163 packages to over 33,065 travellers on a cumulative basis. As of March 31, 2024, the company had more than 100 travel agents registered with them in most major cities in India. The company's network of travel agents has helped it expand its presence and distribution network in India. The company launched its international packages in March 2022. Since then, it has served 54 holiday packages to the following destinations: Indonesia, Thailand, Egypt, Kenya, Sri Lanka, Vietnam, Singapore, and the Maldives. As of March 31, 2024, the company has 51 department employees.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 5.72 | 5.14 | 3.10 |
| Total Income | 21.90 | 11.76 | 4.18 |
| Profit After Tax | 1.12 | 0.65 | 0.20 |
| NET Worth | 2.66 | 1.54 | 0.89 |
| Reserves and Surplus | 0.45 | 0.69 | 0.84 |
| Total Borrowing | 0.05 | 0.07 | 0.09 |
Key Ratios
EPS
₹5.06
NAV
₹12.02
ROE
4.10%
ROCE
5.76%
RoNW
42.13%
P/B Value
6.16
P/E Ratio
14.61
Market Cap
₹23.39 Cr
PAT Margin
5.13%
Debt/Equity
0.03
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sailani Tours N Travels Ltd | 15.41 | 4.1% | 41.27 | 0.63 | 0.63 |
| Naturewings Holidays Limited This IPO | 12.02 | 42.13% | 14.62 | 8.19 | 8.19 |
Promoters
Sandip Raha and Mousumi Raha
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Meeting working capital requirements; 3.95 2 Marketing and Business Promotions; and 1.02 3 General corporate purposes 0.86
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹4.18 Cr in the year ending March 31, 2022, rising to ₹11.76 Cr by March 31, 2023, and further increasing to ₹21.90 Cr by March 31, 2024. This shows a strong upward trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹0.20 Cr in the year ending March 31, 2022, increasing to ₹0.65 Cr by March 31, 2023, and rising to ₹1.12 Cr by March 31, 2024. This indicates a consistent growth in profitability across the periods.
Valuation
At the issue price of ₹74.0, Naturewings Holidays Limited has an implied P/E of 14.62 based on its EPS of ₹5.06. This is compared to peers, such as Sailani Tours N Travels Ltd, which has a P/E of 41.27.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO based on unofficial trading. A positive GMP suggests that the stock may list at a higher price than its issue price, reflecting demand among investors in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it operates in a competitive sector with inherent market risks.
IPO Timeline, Explained
The IPO opens on September 3, 2024, and closes on September 5, 2024. Allotment of shares is expected on September 6, 2024, with the listing date set for September 10, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable, as they depend on market conditions and investor sentiment at the time of listing. While a positive GMP may indicate potential for gains, there is always a risk that the stock may not perform as expected on its first day of trading.
This evaluation is generated from Naturewings Holidays's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Naturewings Holidays IPO GMP today?
Naturewings Holidays IPO GMP today is +₹30.0 (40.54%). GMP is an unofficial grey-market indicator and can change daily.
When does Naturewings Holidays IPO open and close?
Naturewings Holidays IPO opens on 03 September 2024 and closes on 05 September 2024.
When does Naturewings Holidays IPO list on the stock exchange?
Naturewings Holidays IPO listed on 10 September 2024 at ₹104.0.
What is the lot size for Naturewings Holidays IPO?
The lot size for Naturewings Holidays IPO is 1600 shares, requiring a minimum investment of ₹118,400.
What is the lot size for this IPO?
The lot size for Naturewings Holidays IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹118,400.
What is the issue price of the IPO?
The issue price of the Naturewings Holidays IPO is ₹74.0 per share.
When does the IPO open and close?
The IPO opens on September 3, 2024, and closes on September 5, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gain of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
03 Sep 2024
Close
05 Sep 2024
Allotment
06 Sep 2024
Listing
10 Sep 2024
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