Naturewings Holidays SME IPO; Check Price Band, IPO Size And Day 1 Subscription Status

The SME IPO of Naturewings Holidays Ltd. opened on September 3 and will remain open for subscription until September 5. The issue was subscribed more than 35 times on Tuesday.

The company is offering 9.5 lakh new shares at a fixed price of Rs 74 per share, amounting to a total issue size of Rs 7.03 crores.

Retail investors can apply for a minimum of 1600 shares, that translates to an investment of Rs 118,400. High Net-Worth Individuals are required to apply for a minimum of 3200 shares, amounting to Rs 236,800. The allotment of shares will be finalised on September 3, 2024. Fedex Securities Pvt Ltd is the book-running lead manager of the Naturewings Holidays IPO, while Bigshare Services Pvt Ltd is the IPO registrar. The market maker for Naturewings Holidays IPO is Pure Broking.

As per the company's red herring prospectus, of the 9,50,400 shares offered - 47.47% are reserved for non-institutional investors, 47.7% for retail investors and 5.05% for market makers.

The allotment of company shares will be finalised on September 6. The shares will be listed on the BSE SME platform, with the tentative listing date set for September 10.

The IPO has been subscribed 37.76 times at 7:02 p.m. on Tuesday.

• Non-institutional investors: 9.71 times

• Retail investors: 65.80 times

• IPO Open Date: Tuesday, September 3

• IPO Close Date: Friday, September 5

• Price: Rs 74 per share

• Lot Size: 1600 shares

• Issue Size: Rs 7.03 crore

• Listing at: BSE SME

Naturewings Holidays Limited is a Tour and Travel company with corporate headquarters in Kolkata and is a Destination Management Company (DMC) in different Himalayan destinations like Bhutan, Sikkim, Ladakh, Kashmir, Silk Route, North East, and Nepal. An ISO 9001:2015 certified company, it provides comprehensive travel solutions, including land and air bookings, hotel reservations, in-transit arrangements, local sightseeing, and destination management services. It caters to individuals and groups visiting Himalayan destinations and has recently launched an international division to extend its services to global destinations. As of March 31, 2024, Naturewings Holidays has access to over 750 hotels in the Himalayan Ranges and various international destinations.

The company proposes to utilise the Net Proceeds from the issue towards meeting working capital requirements, marketing and business promotions and general corporate purposes.

For the fiscal year ending March 31, 2024, the company reported an 86% increase in revenue compared to the previous year. Additionally, its profit after tax surged by 72%, highlighting significant growth and profitability. Click on the PDF link below to view the detailed financial report of Naturewings Holidays for last three financial years.