WTI Cabs IPO Day 3: Issue subscribed 148x on last day; check GMP, other details
₹400 crore in the current fiscal year. In the first half (April-September 2023), WTI Cabs reported total revenue of ₹190 crore, with a net profit of ₹11.33 crore rupees. Wise Travel India IPO received 69,12,06,000 share applications against offered 46,56,000 shares.
The SME issue was subscribed over 148.45 times on the last day of bidding, according to data by NSE. The retail portion received 22,66,49,000 applications against offered 20,84,000 shares. Meanwhile, QIB and NII categories received 12,70,65,000 and 33,61,86,000 applications respectively on the final day.
WTI Cabs IPO price band is set at ₹140 to ₹147 per share. It is a book built issue of ₹94.68 crores. The issue is entirely a fresh issue of 64.41 lakh shares.
Investors can bid for a minimum of 1000 shares and in multiples thereof. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹147,000.
The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000. he allotment for the WTI Cabs IPO is expected to be finalized on Thursday, February 15, 2024. The IPO will list on NSE SME with tentative listing date fixed as Monday, February 19, 2024.
Share India Capital Services Private Limited is the book running lead manager of the WTI Cabs IPO, while Beetal Financial & Computer Services (P) Limited is the registrar for the issue. The market maker for WTI Cabs IPO is Share India Securities. The shares of WTI Cabs IPO are available at a premium of ₹40 in the grey market on February 14, down from ₹76 a day before, according to data by investorgain.
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