Watrana Rentals Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹232 - ₹245
Per ShareLot Size
600 Shares
Minimum Investment
₹1,39,200
Issue Size
₹120.1 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.04%
QIB Quota
49.94%
NII Quota
15.02%
IPO Timeline
Important dates for your applying strategy.
IPO Opens19 Nov
IPO Closes23 Nov
Basis of Allotment25 Nov
Refund Initiation26 Nov
Shares Credited26 Nov
Watrana Rentals Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
70%
Issue Type
Book Building - SME
ISIN
INE11NS01011
About the Company
We are engaged in the business of providing material handling equipment ("MHE") on a rental basis and trading of new and used MHE and batteries used in MHE. We cater to customers operating across various industries, including automotive, tyre, beverage, glass, paper, logistics & warehouse.
Company History
Our Company was incorporated as a private limited company in the name of "Watrana Rentals Private Limited", under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated November 19, 2019, bearing Company Identification Number U74999DL2019PTC357671 by the Assistant Registrar of Companies, Central Registration Centre. Consequently, our Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed in the EGM of our members held on October 24, 2024, and consequently, the name of our Company was changed to "Watrana Rentals Limited" by deletion of the word `private'. A fresh certificate of incorporation consequent upon conversion from a private company to a public company dated December 19, 2024, was issued by the Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Central Processing Centre to our Company bearing Corporate Identification Number "U74999DL2019PLC357671".
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Standalone figures
Revenue
Amount in ₹ crore
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of upto 49,02,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Watrana Rentals Limited ("Watrana Rentals" or "The Company" or "The Issuer") for cash at a price of Rs. 232-245 per equity share including a share premium of Rs. 222-235 per equity share (the "Issue Price") aggregating to Rs. 113.73-120.10 Crores ("The Issue"), of which 2,52,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 232-245 per equity share including a share premium of Rs. 222-235 per equity share aggregating to Rs. 5.85-6.17 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 46,50,000 equity shares of face value of Rs. 10/- each at a price of Rs. 232-245 per equity share including a share premium of Rs. 222-235 per equity share aggregating to Rs. 107.88-113.93 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 30.00% and 28.46% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 232 to Rs. 245 per equity share of face value of Rs. 10 each. The floor price is 23.2 times of the face value of the equity shares and the cap price is 24.5 times of the face value of the equity shares. Bids can be made for a minimum of 1,200 equity shares and in multiples of 600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters and a senior management team with technical expertise.
- We own a large and diversified fleet of MHE and AWP.
- Geographical presence across multiple locations in India.
Frequently Asked Questions
01What is the minimum investment required to apply for this IPO?
The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02How is IPO allotment decided?
IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.