Wise Travel India Limited, a trailblazer in India’s urban mobility sector, has announced its plan to go public with an Initial Public Offering on February 12, 2024. The company is aiming to raise Rs 94.68 Crores on upper band price through this IPO, with shares set to be listed on the NSE Emerge platform. The fresh issue size is up to 64,41,000 equity shares at face value of Rs10 each. The net proceeds from the IPO will be utilized for Funding Working Capital Requirements and General Corporate Expenses. The bidding for Anchor portion will open on February 09, 2024 and the issue closes on February 14, 2024.
Wise Travel India Limited (WTicabs), a pioneering force in India’s urban mobility sector since its establishment in 2009, has consistently redefined the landscape of ground transport. With a steadfast commitment to innovation, customer service, and sustainability, WTicabs has emerged as an industry leader in ground transport, earning international acclaim.
Boasting a pan-India presence, WTicabs has strategically expanded its footprint across major cities, offering a diverse service portfolio enhanced through strategic acquisitions. The company’s commitment to a greener future is evident in its integration of electric vehicles across its 7,000+ strong fleet, reaching beyond metropolitan areas to tier 2, 3, and 4 cities.
In 2023, WTicabs achieved a significant milestone with its international debut in Dubai, reinforcing its dedication to pioneering solutions and global excellence.
The company’s impressive statistics: a committed workforce exceeding 700 professionals, Presence in 12 elevating airports, and a round-the-clock call center ensuring uninterrupted service for over 500 clients. In FY23, The Company Achieved a Revenue of Rs 249.60 crore, EBITDA of Rs 18.95 crore, & PAT of Rs 10.29 crore.
