A thorough overview of the Naturewings Holidays IPO, including key dates, costs, and allotment information
Naturewings Holidays is a travel agency specializing in customized holiday packages and tours across the Himalayas and other scenic destinations in India and neighboring countries. It has published that its IPO is going to be open on 3rd September 2024 and will end on 5th September 2024. It aims to gather INR 7.03 crores with 950,400 equity shares with a price band of INR 74 per share.
Table of Contents
- Company Overview
- Company Strategy
- Details on IPO Date and Price Band
- IPO Objective
- Market Lot Information on Naturewings Holidays IPO
- Allotment Dates for Naturewings Holidays IPO
- Application Process of IPO
- Financial Analysis of Company
- IPO Valuation
- Competitor Analysis
- Registrar for Naturewings Holidays IPO
- Offer Lead Manager
- Company Address
Company Overview
Naturewings Holidays is a leading tour operator company that offers complete holiday packages to different tourist places in the Himalayas, Bhutan, Nepal, Bangladesh, and North-East India. Formed to create travel experiences for individuals, Naturewings offers various services such as adventure tourism, family vacations, and cultural tourism. The company focuses on the quality and flexibility of the offered routes that can be tailored to individual customers’s profiles to guarantee the customer a diverse and interesting trip. Naturewings Holidays is envisioned to offer unique, quality, and professional tourism services that preserve and promote the natural and cultural endowment of the served regions.
Company Strategy
The company specializes in originating end-to-end travel packages mainly for the Himalayan regions in India, Nepal, and Bhutan. It focuses on strong customer orientation by providing customized tour and travel products for both individual tourists and travel agents and businesses. Its business strategy encompasses service development, improving web visibility and presence, and efficient use of IT solutions to tap more mobile travelers in the rapidly growing travel market in India by providing more destinations and better services.
Details on IPO Date and Price Band
| IPO Open Date: | September 3, 2024 |
| IPO Close Date: | September 5, 2024 |
| Face Value: | INR 10 Per Equity Share |
| IPO Price Band: | INR 74 Per Share |
| Issue Size: | Approx INR 7.03 Crores, 950,400 Equity Shares |
| Fresh Issue: | Approx INR 7.03 Crores, 950,400 Equity Shares |
| Offer for Sale: | NA |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE |
| Retail Quota: | 50% |
| QIB Quota: | NA |
| NII Quota: | 50% |
IPO Objective:
The strategic goal of Naturewings Holidays’ IPO is to finance its working capital needs, which in turn will enable the company to operate more fluidly and with more financial freedom. Also, part of the fund will be allocated to advertising and business promotions to make the brand recognizable and to secure more clientele. Additionally, some of the funds will also be used for working capital and other incidental corporate purposes that will assist the company in reinforcing and improving its current business operation and future expansion plans.
Market Lot Information on Naturewings Holidays IPO
The lot size and corresponding amounts are as follows:
- Retail Minimum: 1 lot (1,600 shares) for INR 118,400
- Retail Maximum: 1 lot (1,600 shares) for INR 118,400
- S-HNI Minimum: 2 lots (3,200 shares) for INR 236,800
Allotment Dates for Naturewings Holidays IPO
Naturewings Holidays IPO open date is September 3 and the IPO close date is September 5. The IPO allotment date is September 6 and the listing date is September 10.
| IPO Open Date: | September 3, 2024 |
| IPO Close Date: | September 5, 2024 |
| Basis of Allotment: | September 6, 2024 |
| Refunds: | September 9, 2024 |
| Credit to Demat Account: | September 9, 2024 |
| IPO Listing Date: | September 10, 2024 |
Application Process of IPO
The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Naturewings Holidays. On the other hand, the IPO forms are also available for download on the BSE & NSE websites which the candidates can fill and submit.
Financial Analysis of the Company
Financials in INR Crores.
| Year | Revenue | Expense | Profit After Tax | Assets |
| 2022 | 4.18 | 3.90 | 0.20 | 3.10 |
| 2023 | 11.76 | 10.93 | 0.65 | 5.14 |
| 2024 | 21.90 | 20.38 | 1.12 | 5.72 |
Naturewings Holidays has shown strong financial growth from 2022 to 2024, with revenue increasing from INR 4.18 crore to INR 21.90 crore. Despite rising expenses, the company improved its profitability, with Profit After Tax (PAT) growing from INR 0.20 crore to INR 1.12 crore. Asset growth from INR 3.10 crore to INR 5.72 crore over the same period supports its expanding operations. Overall, Naturewings demonstrates effective cost management and a solid financial foundation for future growth.
IPO Valuation (FY 2024)
The company’s EPS stands at a value of INR 5.06 with a Return on Net Worth (RoNW) of 42.13% and a Net Asset Value (NAV) per share of INR 112.02 in the financial year 2024. The IPO price band range of INR 74 Per Share with the issue of 950,400 equity shares to raise INR 7.03 crores to raise funds for working capital, marketing and business promotions, and general corporate purposes to support growth and expansion.
| Earnings Per Share (EPS): | INR 5.06 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 42.13% |
| Net Asset Value (NAV): | INR 112.02 |
Competitor Analysis
Here is the competitor of Naturewings Holidays:
Sailani Tours and Travels
Sailani Tours and Travels is a one-stop travel agency that deals with domestic as well as international holidays, air tickets and hotel reservations, visa services, and travel solutions. It focuses on booking and providing different types of services, ranging from regular tourist tours and cruises to business trips. The company is focused on delivering customer services and aims to make any trip that clients would be undertaking to be smooth and enjoyable.
Naturewings Holidays IPO Registrar
Bigshare Services Pvt Ltd
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Offer Lead Manager
Fedex Securities Pvt Ltd
Fedex Securities Pvt Ltd is an investment bank specializing in investment banking services such as capital raise services, mergers and acquisitions advisory services, corporate finance services, and debt placement services. Being in the business of offering exclusively rated services for small to medium-sized firms, Fedex Securities targets its clients efficiently. It is characterized by its market knowledge, strong implementation skills, and the principle of value addition, which enables companies to overcome significant financial challenges and accomplish their strategic goals.
Conclusion
An excellent chance to engage in the development of a quickly growing tourism company with a focus on the Himalayas is presented by Naturewings Holidays’ initial public offering (IPO). Naturewings has demonstrated a robust financial performance and a well-defined expansion plan, positioning it to leverage the growing market for personalized travel experiences. The company’s working capital requirements, marketing campaigns, and general business expansion will be financed by the money acquired through this IPO. To ensure that their judgments are well-informed, investors ought to thoroughly review the terms of the initial public offering (IPO) and the state of the market.
