Naturewings Holidays Limited, a tourism company based in the outskirts of Kolkata, is focused on the entire Himalayan region of India, Nepal, and Bhutan. It was established in December 2018 and offers tailored holiday experiences for leisure travellers in the Himalayan mountains. They provide all services related to tourism such as booking tickets, hotels, transit arrangements, site visits and sundry destination-related services.
It also offers tourism packages for the following countries in different continents: Greece, Turkey, France, Thailand, Vietnam, Singapore, Malaysia, Indonesia, Cambodia, Sri Lanka, Maldives, UAE, Bangladesh, Egypt, Kenya Tanzania.
Issue details
The IPO targets to raise a total amount of Rs 7.03 crore. There is no OFS portion and it entirely consists of fresh issue. The face value of each share is Rs 10. The price of each share has been fixed at Rs 74.00. Post issue, the promoter holding will come down from the present 95.8% to 67.53%.
Lot size
A retail investor can apply for a minimum number of 1,600 shares. It will entail and investment of Rs 1,18,400. The lot for HNIs is double the size. The retail quota is 50% of the net issue.
GMP
The Grey market Premium (GMP) stood at Rs 45 according to Investorgain on September 2. It indicates a listing gain of that amount since the share is expected to list at Rs (74 + 45) = 119. However, it must be remembered that GMP is an unofficial estimate.
Dates
The issue opens for subscription on September 3, 2024. Bidding will close of September 5, 2024. The allotment will be decided on September 6.
Refund of money to those who won’t get the shares will take place on September 9. The shares of Naturewings Holidays will list on BSE SME on September 10, 2024.
Company financials
The revenue of the company stood at Rs 21.89 crore, Rs 11.76 crore and Rs 4.18 crore in FY24, FY23 and FY22 respectively. The PAT on these 3 years was Rs 1.11 crore, Rs 0.65 crore and Rs 0.19 crore respectively. The company has also reduced its borrowings in the past three years. Its debt was Rs 0.05 lakh in FY24, Rs 0.07 crore in FY23 and Rs 0.08 crore in FY22.
This IPO is designed to raise Rs 7.03 crore and the shares are to list in the SME segment of the BSE on September 10, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
