NatureWings Holidays Limited is a specialized Himalayan Destination Management Company (DMC) based in Kolkata, India. The company aims to provide exceptional travel solutions with extensive knowledge in Himalayan regions, including hotels and other allied services. The upcoming IPO for NatureWings Holidays presents a compelling investment opportunity with the following key details:

IPO Details:

The Fixed Price Issue amounts to ₹7.03 Crores, consisting entirely of a Fresh Issue of 9.50 lakh shares.

The subscription period is from September 03 to September 05, 2024.

Shares will be listed on the BSE SME with a tentative listing date of September 10, 2024.

The share price is set at ₹74 per equity share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹118,400, while High-Net-Worth Individuals (HNIs) must invest in at least 2 lots (3,200 shares), totaling ₹236,800.

Lead Manager and Registrar:

FEDEX SECURITIES PRIVATE LIMITED is the book-running lead manager.

BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the issue.

Pure Broking Private Limited serves as the sole Market Maker.

Financial Performance: NatureWings Holidays has demonstrated impressive financial growth:

Revenue increased from ₹418.32 Lakhs in FY22 to ₹2,189.97 Lakhs in FY24.

EBITDA rose from ₹25.30 Lakhs in FY22 to ₹160.29 Lakhs in FY24.

Profit After Tax (PAT) improved from ₹19.89 Lakhs in FY22 to ₹111.92 Lakhs in FY24.

For the IPO, the company is issuing shares with 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, compared to the Industry P/E ratio of 35.44x. The company’s Return on Capital Employed (ROCE) for FY24 is 57.37%, and Return on Equity (ROE) is 42.13%, indicating favorable valuation.

Objectives of the IPO: The proceeds from the IPO will be utilized as follows:

₹395.00 Lakhs for meeting working capital requirements.

₹102.00 Lakhs for marketing and business promotions.

₹86.30 Lakhs for general corporate purposes.

Grey Market Premium (GMP): The GMP for the NatureWings Holidays IPO is expected to range between ₹50 to ₹55, reflecting potential listing gains of 70% - 75%. This premium is based on informal trading and should be considered for educational purposes only.

Subscription Status: As of September 03, 2024, the IPO has been subscribed 22.38 times on its first day. Live subscription status updates are available on the BSE website.

Allotment Status: The IPO allotment date is September 06, 2024. To check your allotment status:

Visit the IPO allotment status page.

Select NatureWings Holidays Limited IPO from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

Conclusion: The NatureWings Holidays Limited IPO represents a strong investment opportunity due to its solid financial performance and growth potential. Investors looking for short-term gains and long-term value should consider applying for this IPO.

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