WTI Cabs IPO 2024: GMP, Price, Lot Size, Allotment Status, Date and More

News: The WTI Cabs IPO is creating quite a buzz in the financial world. If you’re wondering what it’s all about, let’s break it down into simple terms.

What Is WTI Cabs?

• WTI Cabs is a company that provides cab services. You know those yellow taxis you see zipping around the city? Well, WTI Cabs is in that business.

IPO Basics

• IPO stands for Initial Public Offering. It’s like a grand opening for a company on the stock market. When a company goes public, it offers its shares to the public for the first time. Investors can buy these shares and become part-owners of the company.

Key Details of WTI Cabs IPO

1. Issue Size: The WTI Cabs IPO is a fresh issue of 64.41 lakh shares, totaling ₹94.68 crores.
2. Subscription Dates: You can subscribe to the IPO from February 12, 2024, until February 14, 2024.
3. Price Band: The price range for each share is set at ₹140 to ₹147.
4. Minimum Lot Size: To participate, you need to apply for a minimum of 1000 shares.
5. Retail Investors: If you’re an individual investor, the minimum investment required is ₹147,000.
6. HNI Investors: High Net Worth Individuals (HNI) can apply for 2 lots (2000 shares), amounting to ₹294,000.

Important Dates

• Allotment Date: The allotment of shares will be finalized on Thursday, February 15, 2024.
• Listing Date: WTI Cabs IPO is expected to list on the NSE SME on Monday, February 19, 2024.

Anchor Investors

• Before the IPO opens to the public, anchor investors get a chance to invest. WTI Cabs raised ₹26.24 crore from these early investors.
• Anchor lock-in periods:
  • 50% shares: Locked in until March 16, 2024 (30 days).
  • Remaining shares: Locked in until May 15, 2024 (90 days).

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About WTI Cabs Company

• WTI Cabs is a company that provides cab services. Imagine those familiar yellow taxis zipping around the city—WTI Cabs is in that business.

Services Offered:

1. Airport Cab Services:
   • Designed for hassle-free transfers to and from the airport.
   • Whether you need an airport pickup or drop-off, our professional drivers are there to assist you.
   • We prioritize customer satisfaction, ensuring you reach your destination safely and on time.
2. Railway Station Cab Services:
   • Swift and dependable services for railway station transfers.
   • Our experienced drivers make your railway travels stress-free and convenient.
   • Streamlined booking and top-notch vehicles ensure a smooth journey.
3. Outstation Cab Services:
   • Whether it’s a weekend getaway, a business trip, or a family vacation, we’ve got you covered.
   • Our reliable and comfortable cab service ensures a smooth and enjoyable journey.
   • Well-maintained vehicles, driven by professional experts, take you to your destination safely and efficiently.
4. Workplace Commute Services:
   • Need a comfortable ride to work? We’ve got you covered.
   • Our airport taxi service extends to workplace commutes as well.
   • Rely on us at any time, day or night.

Why Choose WTI Cabs?

1. Affordable Rates for Comfortable Rides:
   • Our rates are designed to be affordable without compromising on ride quality and comfort.
   • We communicate rates clearly, with no hidden fees.
   • Flexible fare options cater to diverse budgets and preferences.
2. Timely and Reliable Pickup and Drop-off:
   • Punctuality is our priority.
   • Drivers arrive ahead of time, optimizing routes for efficient pickups.
   • Open communication ensures smooth operations.

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