Naturewings IPO Leaps 28.38% to ₹95 on BSE SME, Sparks Investor Excitement!Naturewings IPO Leaps 28.38% to ₹95 on BSE SME, Sparks Investor Excitement!

Naturewings Holidays Limited IPO shares surged 28.38% above their IPO price, debuting at ₹95 on the BSE SME. The IPO, valued at ₹7.03 crore, was available from September 3 to 5, 2024, at ₹74 per share.

The IPO was highly oversubscribed, receiving 383.48 times more bids than available shares over three days. It garnered bids for 34.60 crore shares against 9.02 lakh offered, with retail and other categories subscribed 270.65 and 487.17 times, respectively.

Founded on December 19, 2018, Naturewings Holidays Limited specializes in holiday packages to Himalayan destinations in India, Nepal, and Bhutan. Recently expanding to international markets, it offers customized tours across Asia, Africa, and Europe. The company provides B2C and B2B packages, supported by over 100 travel agents and 750 hotels, with additional foreign exchange and visa assistance services.

The objective of this IPO is to raise capital for expanding Naturewings Holidays Limited’s operations, including enhancing its international travel services, upgrading technology, and increasing market reach across new global destinations and service offerings.