Naturewings Holidays IPO Review

NatureWings Holidays Limited is a Super Specialty Himalayan Destination Management Company (DMC) in Kolkata, India with a clear vision to provide the best solution to the valued guests with their superb knowledge in the territory, hotels, and other allied services.

The Company is promoted by Sandeep Raha who is the guiding force behind all the strategic decisions of the Company.

Financially, NatureWings Holidays revenue increased from ₹418.32 Lakhs in FY22 to ₹1,176.25 Lakhs in FY23 and currently jumped to ₹2,189.97 Lakhs in FY24. Similarly, EBITDA is stable from ₹25.30 Lakhs in FY22 to ₹94.69 Lakhs in FY23 and currently at ₹160.29 Lakhs in FY24. The PAT is also stable from ₹19.89 Lakhs in FY22 to ₹65.08 Lakhs in FY23 and currently at ₹111.92 Lakhs in FY24. This indicates a steady financial performance.

For the NatureWings Holidays IPO, the company is issuing shares at a pre-issue EPS of ₹5.06 and a post-issue EPS of ₹3.04. The pre-issue P/E ratio is 14.62x, while the post-issue P/E ratio is 20.90x against Industry P/E ratio is 35.44x. The company's ROCE for FY24 is 57.37% and ROE for FY24 is 42.13%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of NatureWings Holidays potential listing gains of 70% - 75%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the NatureWings Holidays Limited IPO for Listing gain or long term investment purposes.