Wise Travel India Limited shares make a powerful entrance, listing at a robust 32.65% premium.Wise Travel India Limited shares make a powerful entrance, listing at a robust 32.65% premium.

Wise Travel India makes its entrance on the NSE SME platform, commencing trading at Rs 195, a notable 32.65% higher than the IPO price of Rs 147. Pre-listing, the stock boasted a substantial 48% premium in the grey market, where shares are unofficially traded before IPO allotment and listing day.

Wise Travel India’s IPO garnered an impressive 148.45x subscription, reflecting strong investor confidence and marking a significant financial milestone for the company.

The subscription period for The Wise Travel India IPO, also referred to as the WTI Cabs IPO, began on February 12 and ended on February 14. This book-built issue has a total value of Rs 94.68 lakh crore, consisting entirely of fresh shares worth Rs 64.41 lakh.

Wise Travel India’s IPO aims to meet its working capital needs, intending to allocate INR 73 crores for this purpose. The remaining funds will be used for general corporate objectives and unforeseen contingencies.