Naturewings Holidays IPO: Details, GMP Today, should you invest?

Naturewings Holidays IPO: NatureWings Holidays IPO was opened for public subscription on September 3, today, and will continue till September 5. The tourist company plans to raise Rs 7.03 crore through its public offering.

NatureWings Holidays Limited is located in Newtown, Kolkata, and offers tourist services in the regions of India, Nepal, and Bhutan.

NatureWings Holidays Limited was formed in December 2018 and offers customized vacations in the Himalayan region for leisure tourists. They take care of all the necessities that a traveler needs such as booking tickets, hotels, public transportation, site visits, and other services related to the location.

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However, the NatureWings Holidays IPO consists of only fresh issues, no OFS shares have been offered by the promoter. The shares are offered at a set price of Rs 74 per share with a face value of Rs 10 for each share.

After the sale, the promoter stake will decline from 95.8% to 67.53%.

The minimum lot size that retail investors can bid for is 1,600 shares with an investment of Rs 1,18,400, for HNIs minimum number is Rs 3,200 shares and 50% of the net issue has been set aside for the retail quota.

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In the Grey market, the NatureWings Holidays IPO Grey Market Premium today stood at Rs 45 which indicates a listing gain of Rs 119.

During the FY24, the company made a revenue of Rs 21.89 crore, a rise from previous year revenue of Rs 11.76 crore. During these 3 years, the PAT was Rs 1.11 crore, Rs 0.65 crore, and Rs 0.19 crore.

In FY24, the company borrowings were only Rs. 0.05 lakh while in FY23 it was at Rs 0.07 crore.

NatureWings Holidays IPO allotment status will be finalized on September 6 while refund and demat transfer will be initiated on September 9. The company’s IPO will be listed on BSE SME on September 10.

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