How To Check WTI Cabs IPO Allotment Status

Wise Travel India‘s IPO opened for subscription on February 12 and closed on February 14, with remarkable demand. On the final day, the SME IPO was oversubscribed by over 148.45 times. The WTI Cabs IPO is set to finalise the allotment status today, February 15.

If you applied for the IPO, here is how you can check the WTI Cabs IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the WTI Cabs IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Wise Travel India" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Submit to retrieve the WTI Cabs IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Wise Travel India" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the WTI Cabs IPO allotment status will be visible.

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WTI Cabs IPO Subscription Status

The Wise Travel India IPO received a whopping 69.12 crore share applications against the offered 46.56 lakh shares. Subscription numbers indicate strong investor interest, with the retail category oversubscribed by 108.76 times and the non-institutional quota by 375.56 times. The QIB category also saw robust demand, with subscriptions reaching 106.69 times.

WTI Cabs IPO Details

Priced in the range of ₹140 to ₹147 per share, the WTI Cabs IPO aims to raise ₹94.68 crores, comprising entirely of fresh issue shares totalling 64.41 lakh.

WTicabs, a prominent provider of premium cab services, has been witnessing significant growth while offering self-employment opportunities for drivers. Established in 2009, the company currently provides comprehensive transportation solutions to the corporate sector across more than 250 cities in India.

The company intends to utilize the net proceeds from the issue for working capital requirements, general corporate purposes, and to cover issue expenses.

Wise Travel India Limited boasts a prestigious clientele, including companies like Nokia, Coca-Cola, Amazon, Microsoft, Indigo Airlines, American Express, and many others. Presently, the promoters Ashok Vashist, Hema Bisht, and Vivek Laroia collectively hold 95.63% of the company’s equity. Post-IPO, their stake will be diluted to 69.76%.

WTI Cabs IPO GMP

The current WTI Cabs IPO GMP is reported at ₹45. This is a considerable drop from the ₹80 reported when the WTI Cabs opened for bidding on February 12. Taking the upper band of the IPO, shares of the company are expected to list at ₹192 indicating around a 30% premium. It’s important to note that while IPO GMPs can offer a glimpse into market sentiment regarding an IPO, they shouldn’t be the sole determinant of the stock’s performance upon listing.

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