WTI Cabs IPO date, Price Band and Allotment Date

WTI Cabs IPO Details: An Initial Public Offering (IPO) on the primary market from February 12-14 with shares priced in an initial price range of Rs140 to Rs147 each, available exclusively to qualified institutional investors, retail investors and HNIs (High Networth Individuals). Fast Track Finsec Pvt Ltd and Kfin Technologies Limited were respectively appointed manager and registrar of this IPO offering.

What you need to know about WTI Cabs IPO

WTI Cabs Basic Details

WTI Cabs founded in 2011, has quickly emerged as an influential force redefining India’s mobility landscape since then. By providing urban commuters with seamless and hassle-free transport experiences, WTI has revolutionized urban transportation services ranging from car rentals, employee transportation solutions, airport counter services and fleet management – with cutting edge mobility tech solutions offered as part of these packages.

WTI, as an industry-leader in cab aggregator space, has garnered numerous national and international honors over time, most recently receiving Transport Topics International’s World’s Greatest Leader of Ground Transport Category Asia GCC honor in 2015.

WTI Cabs fleet was further increased through strategic acquisitions including Wyncabs and Smart Ride for wider client services; sustainable initiatives were added into their 2020 plans by adding electric vehicles as an ongoing commitment reflecting global aspirations for greener transportation solutions.

WTI Cabs’ headquarters is in Mumbai and their presence can be found across major Indian cities with over 10,000 staff occupying 2500 vehicles. WTI provides its services across various sectors like retail, aviation, hospitality and technology with clients such as Nokia, IndiGrid Amazon Microsoft Tesco Vedanta RBS CocaCola American Express Renault Linkedin Hitachi Sapient Panasonic as examples of clients they service.

Although DRHP has experienced impressive growth over recent years, their IPO presents certain risks to prospective subscribers that include competing landscape, short track record and larger rivals; but with sufficient investment they could experience strong expansion within cab aggregator space if investors subscribe. It is recommended to study both their filing with DRHP as well as analyst reports to gain an understanding of financials, growth plans and any risks involved with investing in their IPO before subscribing.

Customer Reviews:

WTI Cabs has built their business around providing reliable yet reasonably-priced taxicab services.

Clients of this organization have given rave reviews regarding its friendly drivers, comfortable vehicles and welcoming atmosphere.

On the downside, however, some clients have expressed displeasure with the cancellation policy of this company and been unable to reach customer support easily.

Objects of the Issue:

  • To Meet Working Capital Requirement
  • General Corporate Purpose
  • To Meet the Issue Expenses

WTI Cabs IPO Important Dates:

IPO Open DateFebruary 12, 2024
IPO Close DateFebruary 14, 2024
Basis of AllotmentFebruary 15, 2024
RefundsFebruary 16, 2024
Credit to Demat AccountFebruary 16, 2024
IPO Listing DateFebruary 19, 2024

WTI Cabs IPO Date and Price Band Details:

IPO Open DateFebruary 12, 2024
IPO Close DateFebruary 14, 2024
IPO SizeApprox ₹94.68 Crores, 6,441,000 Equity Shares
Face Value₹10 Per Equity Share
IPO Price Band₹140 to ₹147 Per Equity Share
IPO Listing onNSE SME
Retail Quota35% of the net offer
QIB Quota50% of the net offer
NII Quota15% of the net offer
DRHP Draft ProspectusClick Here

WTI Cabs IPO Market Lot Size:

ApplicationLot SizeSharesAmount
Retail Minimum11000₹147,000
Retail Maximum11000₹147,000
S-HNI Minimum22000₹294,000

WTI Cabs Financial Report:

Metric202120222023September 2023

WTI Cabs Address and other details:

Peer GroupNA
Company PromotersMr. Ashok Vashist
Ms. Hema Bisht
Mr. Vivek Laroia
IPO RegistrarBeetal Financial & Computer Services (P) Limited
Registrar Contact– Phone: +91 11 29961281
Email: [email protected]
Website: Beetal Financial
IPO Allotment Status CheckCheck WTI Cabs IPO allotment status on Beetal Financial website
Lead Managers (Merchant Bankers)Share India Capital Services Private Limited
Company Address (Wise Travel India Ltd)D-21, Corporate Park,
3rd Floor, Near Sector-8 Metro Station,
Sector-21, Dwarka- 110075
Phone: +91-11-45434542
Email: [email protected]
Website: WTI Cabs

Frequently asked Question by investors:

When WTI Cabs IPO will open?

The initial public offering (IPO) will launch on February 12, 2024 for QIB, NII and retail investors.

What is WTI Cabs IPO Investors Portion?

Investor shares are at 50% for QIB; for NII this number drops to 15% while Retail holds 35% of total shares.

What is WTI Cabs IPO Size?

WTI Cabs’ initial public offering (IPO) size stands at Rs94.68 crores.

What is WTI Cabs IPO Price Band?

WTI Cabs’ Initial Public Offering Price Band ranges between Rs140 to Rs147 per equity share.

What is WTI Cabs IPO Minimum and Maximum Lot Size?

A bid of 1000 shares totaling Rs147,000. was placed for this IPO bid.

What is WTI Cabs IPO Allotment Date?

WTI Cabs’ initial public offering (IPO) allotment date is February 15th 2024.

What is WTI Cabs IPO Listing Date?

WTI Cabs will list on NSE SME on February 19th 2024 for their Initial Public Offering (IPO).

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