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WTI Cabs IPO
Price Band
₹140.0–147.0
Issue Size
₹94.68 Cr
Lot Size
1,000 shares
Min Investment
₹147,000
GMP
+₹71.0 (48.3%)
Issue Price
₹147.0
Subject to Sauda
₹54000
Paid only if allotted
WTI Cabs IPO AI Summary
- WTI Cabs IPO is listed on NSE SME in the Road Transport sector.
- Price band: ₹140.0–₹147.0 per share, lot size 1,000 shares (min. investment ₹147,000).
- Subscription window: 12 Feb–14 Feb 2024, listing on 19 Feb 2024.
- Current GMP is +₹71.0 (48.3%), an estimated listing price of ₹218 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
WTI Cabs IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Feb 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
WTI Cabs IPO Grey Market Premium (GMP) Today
GMP
+₹71.0
GMP %
+48.3%
Est. Listing
₹218.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in 2009, Wise Travel India Limited is a transport company that offers car rentals and transportation services. The company offer services across 130 cities in India. The company offers a range of services including car rental, employee transportation, end-to-end employee transport solutions (MSP), flexible fixed/monthly rental plans, airport counters, fleet management, mobility services for MICE, cutting-edge mobility tech solutions, sustainable mobility, project mobility solutions, strategic consulting and advisory on mobility, and community commute. WTI offers a variety of rental cars, including executive cars, luxury cars, coaches, SUVs, and sedans. The company offer services in cities such as Delhi NC, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur and Kolkata. The client base of the company includes Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, CocaCola American Express, Renault, LinkediN, Hitachi, Cheli, Sapient, Panasonic etc. As of October 31, 2023, the company has 784 employees including directors on its payroll.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 134.28 | 121.61 | 60.03 | 52.71 |
| Total Income | 190.17 | 249.97 | 89.70 | 44.06 |
| Profit After Tax | 11.33 | 10.29 | 3.78 | 1.73 |
| NET Worth | 51.94 | 40.61 | 28.32 | 24.54 |
| Reserves and Surplus | 34.57 | 37.46 | 25.37 | 21.59 |
| Total Borrowing | 16.28 | 16.75 | 2.16 | 0.57 |
Key Ratios
EPS
₹5.91
NAV
₹23.38
ROE
29.79%
ROCE
22.90%
RoNW
25.28%
P/B Value
6.28
P/E Ratio
24.81
Market Cap
₹350.03 Cr
PAT Margin
4.11%
Debt/Equity
0.65
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Mahindra Logistics Ltd | 4.56 | 9.84% | 44.51 | 8.97 | 8.97 |
| Shree Osfm E-mobility Limited | 3.34 | 15.11% | 22.11 | 2.94 | 2.94 |
| Wise Travel India Limited This IPO | 23.39 | 25.28% | 24.81 | 5.93 | 5.93 |
Promoters
Ashok Vashist, Hema Bisht and Vivek Laroia
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 To Meet Working Capital Requirement 73.00 2 General Corporate Expenses 8.00 3 To Meet the Issue Expenses 13.68
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹89.70 Cr in the year ending 31 Mar 2022, increasing to ₹249.97 Cr by 31 Mar 2023. However, it declined to ₹190.17 Cr by 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹3.78 Cr in the year ending 31 Mar 2022, rising to ₹10.29 Cr by 31 Mar 2023. By 30 Sep 2023, it increased further to ₹11.33 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹147.0, WTI Cabs has an implied P/E ratio of 24.81, compared to peers trading at P/E ratios ranging from 22.11 to 44.51.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the potential premium at which the shares might list on the stock exchange compared to the issue price. A positive GMP suggests strong demand for the shares in the grey market, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth prospects and market conditions.
Who May Want to Wait
Conservative investors or those with a low-risk appetite may want to avoid this IPO, especially if they are uncomfortable with the inherent risks associated with investing in newly listed companies.
Listing Gains — The Risk
Listing day gains can be unpredictable. While a positive GMP may suggest potential gains, various market factors can influence the actual listing price. Investors should be prepared for the possibility of volatility on the listing day.
This evaluation is generated from WTI Cabs'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 WTI Cabs IPO GMP today?
WTI Cabs IPO GMP today is +₹71.0 (48.3%), indicating an estimated listing price of ₹218. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of WTI Cabs IPO?
The price band of WTI Cabs IPO is ₹140.0–₹147.0 per share.
When does WTI Cabs IPO open and close?
WTI Cabs IPO opens on 12 February 2024 and closes on 14 February 2024.
When does WTI Cabs IPO list on the stock exchange?
WTI Cabs IPO listed on 19 February 2024 at ₹218.0.
What is the lot size for WTI Cabs IPO?
The lot size for WTI Cabs IPO is 1000 shares, requiring a minimum investment of ₹147,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹147,000.
What is the price band for the IPO?
The price band for the IPO is ₹140.0 to ₹147.0.
When does the IPO open and close?
The IPO opens on February 12, 2024, and closes on February 14, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may list on the stock exchange.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Feb 2024
Close
14 Feb 2024
Allotment
15 Feb 2024
Listing
19 Feb 2024
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