NatureWings Holidays Limited is a premier Super Specialty Himalayan Destination Management Company (DMC) based in Kolkata, India. With a focus on providing exceptional travel solutions and a deep understanding of Himalayan destinations, NatureWings aims to deliver unparalleled experiences to its guests. The company’s extensive knowledge of local territories, hotels, and allied services distinguishes it in the travel industry.

The NatureWings Holidays Limited IPO is set to launch on September 03, 2024, with a fixed price of ₹74 per share. The IPO involves a fresh issue of 9.50 lakh shares, totaling ₹7.03 crores. The subscription period will conclude on September 05, 2024, with the allotment scheduled for September 06, 2024, and shares are expected to list on the BSE SME on September 10, 2024.

The IPO requires a minimum investment of ₹118,400 for retail investors, who must purchase at least 1,600 shares, while High-Net-Worth Individuals (HNIs) need to invest ₹236,800 for a minimum of 3,200 shares. 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 this IPO.

Utilization of IPO Proceeds:

The funds raised from the IPO will be directed towards:

₹395.00 lakhs for meeting working capital requirements.

₹102.00 lakhs for marketing and business promotions.

₹86.30 lakhs for general corporate purposes.

Financial Performance:

NatureWings Holidays has shown notable financial growth. Revenue surged from ₹418.32 lakhs in FY22 to ₹1,176.25 lakhs in FY23, with a current figure of ₹2,189.97 lakhs for FY24. EBITDA increased from ₹25.30 lakhs in FY22 to ₹160.29 lakhs in FY24, while Profit After Tax (PAT) rose from ₹19.89 lakhs in FY22 to ₹111.92 lakhs in FY24, reflecting robust financial stability.

For the IPO, NatureWings is offering shares at a pre-issue Earnings Per Share (EPS) of ₹5.06 and a post-issue EPS of ₹3.04. The pre-issue Price-to-Earnings (P/E) ratio stands at 14.62x, and the post-issue P/E ratio is 20.90x, compared to the industry average of 35.44x. The company’s Return on Capital Employed (ROCE) for FY24 is 57.37%, and the Return on Equity (ROE) is 42.13%, indicating that the IPO is fairly priced relative to industry benchmarks.
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Grey Market Premium (GMP):

The GMP for the NatureWings Holidays IPO is anticipated to range between ₹50 and ₹55, indicating potential listing gains of 70% - 75%. While GMP offers an insight into market sentiment, it is not a definitive measure of the IPO's future performance. Actual trading values may vary upon listing.

Subscription Status and Allotment:

As of 08:24 on September 03, 2024, the IPO has been subscribed 37.75 times on its first day. Investors can check the live subscription status and allotment status through the registrar’s website. To check the allotment status:

Visit the IPO allotment status page.

Select NatureWings Holidays Limited IPO from the dropdown menu.

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

Submit the details to view your allotment status.

Given the company’s financial performance and the IPO valuation, we recommend applying for the NatureWings Holidays Limited IPO for both listing gains and long-term investment opportunities.

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