NatureWings Holidays Limited is a Super Specialty Himalayan Destination Management Company (DMC) based in Kolkata, India. The company specializes in providing exceptional travel experiences to Himalayan destinations, leveraging its extensive local knowledge of the region, hotels, and other related services.

The company has launched an Initial Public Offering (IPO) with a Fixed Price Issue totaling ₹7.03 crores. This IPO consists entirely of a Fresh Issue of 9.50 lakh shares. The subscription period for the IPO runs from September 3, 2024, to September 5, 2024. The shares are expected to be listed on the BSE SME with a tentative listing date of Tuesday, September 10, 2024.

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

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

Live Subscription Status and Allotment

As of 05:31 PM on September 5, 2024, the NatureWings Holidays IPO live subscription status shows an impressive 383.53 times subscription rate on its final day. This indicates high investor interest and demand.

The IPO allotment date is scheduled for Friday, September 6, 2024. Investors can check their allotment status on the registrar’s website by following these steps:

Go to 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.

This process will help investors verify their share allocation and proceed accordingly.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for the NatureWings Holidays IPO is expected to be between ₹50 and ₹55, suggesting potential listing gains of 70% to 75%. It’s important to note that GMP is speculative and based on unofficial trading, so it should be considered for informational purposes only. The final listing price will be determined by market conditions and investor demand.

Financial Performance

NatureWings Holidays has shown significant financial growth since its inception. The company's revenue increased from ₹418.32 lakhs in FY22 to ₹1,176.25 lakhs in FY23, and further to ₹2,189.97 lakhs in FY24, reflecting strong business expansion and market growth.

EBITDA has remained stable, increasing from ₹25.30 lakhs in FY22 to ₹94.69 lakhs in FY23, and ₹160.29 lakhs in FY24, indicating improved operational efficiency.

The company’s Profit After Tax (PAT) also saw steady growth, rising from ₹19.89 lakhs in FY22 to ₹65.08 lakhs in FY23, and ₹111.92 lakhs in FY24, which underscores a positive financial trajectory.

For the NatureWings Holidays IPO, the company is offering shares at a pre-issue EPS of ₹5.06 and a post-issue EPS of ₹3.04. The pre-issue P/E ratio stands at 14.62x, while the post-issue P/E ratio is 20.90x, compared to the industry P/E ratio of 35.44x. These metrics suggest that the IPO is reasonably priced, offering good value relative to industry standards.

The company’s Return on Capital Employed (ROCE) for FY24 is a robust 57.37%, and the Return on Equity (ROE) is 42.13%, highlighting strong returns on investments and equity.

Objectives of the IPO

The proceeds from the Fresh Issue will be used for the following purposes:

₹395.00 lakhs for meeting working capital requirements, ensuring sufficient liquidity for ongoing operations.

₹102.00 lakhs for marketing and business promotions, aiming to enhance brand visibility and market presence.

₹86.30 lakhs for general corporate purposes, providing the company with flexibility to support future growth and strategic initiatives.

NatureWings Holidays IPO Review and Recommendation

NatureWings Holidays Limited is a leading Himalayan destination management company with a focus on delivering exceptional travel experiences. Promoted by Sandeep Raha, who drives strategic decisions, the company benefits from experienced leadership in the travel and tourism sector.

The company’s solid financial performance, marked by substantial revenue and profit growth, coupled with high ROCE and ROE, positions the IPO as a promising investment opportunity. The attractive pricing and potential listing gains further enhance its appeal.

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