Unlisted shares of Wise Travel India Ltd are trading Rs 76 higher in the grey market, which is a 51.7 per cent listing gain from the public issue
WTI Cabs IPO: The initial public offering of Wise Travel India (WTI), which is going to be closed on Wednesday, February 14, has received good response from investors. Till 11:32 am on the final day of bidding on Wednesday, the IPO received 26.67 times subscription, garnering bids for 11,24,78,000 shares as against 42,18,000 shares on offer.
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The Rs 94.68-crore SME IPO was opened for public subscription on Monday, February 12.
The retail category has received 34.16 times subscription and the non-institutional quota got 36.78 times subscription. The QIB category received 7.05 times subscription.
The allotment of WTI Cabs IPO will take place on February 15, while its listing will take place on the NSE SME on February 19, 2024.
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WTI Cabs IPO GMP Today
According to market observers, unlisted shares of Wise Travel India Ltd are trading Rs 76 higher in the grey market as compared with its issue price. The Rs 76 grey market premium or GMP means the grey market is expecting a 51.7 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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WTI Cabs IPO Details
WTI Cabs IPO is entirely a fresh issue of 64.41 lakh shares. The price band of the SME IPO has been fixed at Rs 140 to Rs 147 per share. The minimum lot size for an application is 1,000 shares. The minimum amount of investment required by retail investors is Rs 1,47,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to Rs 2,94,000.
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.
