NatureWings Holidays Limited, a premier Himalayan Destination Management Company (DMC) based in Kolkata, is offering its ₹7.03 Crore IPO from September 3 to September 5, 2024. This fixed price issue consists of 9.50 Lakh shares, priced at ₹74 per share. Shares are expected to list on the BSE SME with a tentative listing date of September 10, 2024.

IPO Details
Retail investors must invest a minimum of ₹118,400 for a lot of 1,600 shares, while High-Net-Worth Individuals (HNIs) need to invest a minimum of ₹236,800 for 2 lots (3,200 shares). The allotment is expected to be finalized on September 6, 2024, and the shares will list on BSE SME.

Lead Managers and Registrar
FEDEX SECURITIES PRIVATE LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar, and Pure Broking Private Limited is the sole Market Maker for the IPO.

Grey Market Premium (GMP)
The Grey Market Premium (GMP) for the NatureWings Holidays IPO is projected to range between ₹50 and ₹55. While GMP offers a glimpse into market sentiment, actual price discovery will occur post-listing. The GMP suggests potential listing gains of 70% to 75%, indicating strong demand and investor interest.

Live Subscription Status
As of 5:31 PM on September 5, 2024, the NatureWings Holidays IPO has been subscribed 383.53 times on its final day of subscription. This overwhelming response reflects high investor confidence and demand. For the most current subscription data, check the NatureWings Holidays IPO Live Subscription Status on BSE.

IPO Allotment Status
The allotment date for the NatureWings Holidays IPO is September 6, 2024. Investors can check their allotment status by:

Visiting the IPO allotment status page on the registrar's website.

Selecting NatureWings Holidays Limited IPO from the dropdown list.

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

Submitting the details to view your allotment status.

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

₹395.00 Lakhs for meeting working capital requirements, supporting operational and growth needs.

₹102.00 Lakhs for marketing and business promotions, enhancing brand visibility and market reach.

₹86.30 Lakhs for general corporate purposes, offering flexibility for future business opportunities.

Company Overview and Financials
NatureWings Holidays specializes in Himalayan destination management, providing comprehensive travel solutions with in-depth local knowledge. The company is led by Sandeep Raha, whose strategic leadership has been crucial for the company’s growth.

Financially, NatureWings has demonstrated significant growth. Revenue surged from ₹418.32 Lakhs in FY22 to ₹2,189.97 Lakhs in FY24, with EBITDA rising from ₹25.30 Lakhs in FY22 to ₹160.29 Lakhs in FY24. PAT increased from ₹19.89 Lakhs in FY22 to ₹111.92 Lakhs in FY24.

The pre-issue EPS stands at ₹5.06, and the post-issue EPS is ₹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 ROCE for FY24 is 57.37%, and ROE is 42.13%, reflecting solid financial performance.

IPO Valuation
Given the company’s robust financial performance and attractive GMP, the IPO appears fairly priced. The high subscription rate and significant potential for listing gains make it a promising opportunity for investors.

Investment Recommendation
We recommend investors to apply for the NatureWings Holidays Limited IPO based on its strong financial metrics, high subscription rate, and substantial potential for listing gains. The IPO’s promising outlook and the company’s expertise in destination management offer a compelling investment opportunity.

Stay informed by checking the NatureWings Holidays IPO Live Subscription Status and monitor the allotment status on the Registrar’s website after the IPO closes.

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