Naturewings Holidays Limited IPO: Review, Valuation, Date & GMP

Naturewings Holidays IPO-Complete Overview

Naturewings Holidays IPO an SME IPO is a fixed price issue of Rs.7.03 crore by Naturewings Holidays Ltd. which was founded in December 2018. It is a tour company that provides vacation packages for leisure travelers visiting the Himalayan ranges. The company primarily targets areas like Bhutan, Nepal, and India.

The company offers all-inclusive vacation packages that include hotel reservations, in-transit arrangements, local sightseeing, and destination management services. It also arranges flights and ground transportation. has serves both individuals and groups traveling to sites in the Himalayas, and has recently opened an international section to expand its services to other countries.

Naturewings Holidays had access to more than 750 hotels in the Himalayan Ranges and a variety of foreign locations as of March 31, 2024.

By March 31, 2024, the company had served about 7,163 parcels to about 33,065 travelers. In most of India's main cities, the company had over 100 registered travel agents. Its distribution network and presence have grown in India thanks to its network of travel brokers.

In March 2022, the business introduced its worldwide packages. It has since provided 54 vacation packages to the following locations: The Maldives, Singapore, Thailand, Egypt, Kenya, Sri Lanka, Vietnam, and Indonesia.

The company plans to launch its SME IPO on September 03, 2024.

 

Naturewings Holidays IPO Overview

The Rs.7.03 crore Naturewings Holidays Ltd. IPO consists of a fully fresh issue of 9.5 lac Shares, of which 50% are allowed to retail investors, and 50% to others.

This SME IPO date is from September 03-September 05, 2024. The expected IPO listing date is Tuesday, September 10, 2024, on BSE and SME. Naturewings Holidays IPO price band is Rs.74 for each Share.

If You want to apply for the IPO, Click Here to Open a Demat Account.

 

 

Company Financial

Below is the synopsis of the company's financial data for the period that concluded 31 March 2024.

• The total revenue of the company is Rs.2,189.97 lac.

• The net worth of the company is Rs.265.63 lac.

• The total assets of the company are Rs.571.61 lac.

• The company’s EBITDA is Rs.160.29 lac.

(Amount in Lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Service-wise Revenue From Operations Breakdown

(Amount in lac)

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To fulfill working capital needs.

• Promotions for Businesses and Marketing.

• General corporate purposes.

 

Peers of Naturewings Holidays Ltd.

Evaluation

The IPO price is Rs.74 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.5.06 from the last year, the resulting P/E ratio is 14.62x.

Considering the weighted EPS of Rs.3.66 for the last three years, the P/E ratio is 20.22x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is NA in the RHP of the company.

 

IPO's Strengths

• Customer experience

• An experienced management team with a proven track record

• Its synergistic multi-channel go-to-market strategy for business and leisure travelers

• Track record of financial performance.

 

IPO’s Weaknesses

• The company might not be able to properly compete in the future given how fiercely competitive the travel sector is.

• The company's financial situation, operational results, cash flows, and tourism industry have all been significantly impacted by the COVID-19 pandemic.

• The company is subject to risks related to businesses in the regions in which it operates, specifically those in the travel industry in Bhutan. These risks include its travel suppliers' bankruptcies, restructurings, alliances, and consolidations. They also include its service partners' creditworthiness and the potential need to pay its travel suppliers.

• The quality of the travel-related goods and services that the company purchases from its suppliers might not be sufficiently under its control or guaranteed. If their performance becomes less proficient, its clients may stop utilizing their services and sue them for damages.

• The company had a negative cash flow from its investing and financing activities in the past three years, sustained negative cash flow could impact its growth and business.

 

Naturewings Holidays IPO GMP Today

Naturewings Holidays IPO GMP today is Rs.45 as of 02 September 2024.

 

 

IPO Timetable (Tentative)

The IPO date is from September 03 to September 05, 2024, with allotment on September 06, refund initiation on September 09, and listing on September 10, 2024.

 

Naturewings Holidays IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on September 03, 2024, close on September 05, 2024, and offer a total issue size of 9,50,400 Shares (aggregating up to Rs.7.03 Cr) comprising a whole fresh issue.

Naturewings Holidays IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.1,18,400 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.2,36,800.

 

Naturewings Holidays IPO Reservation

 

Promoters And Management of Naturewings Holidays Ltd.

• Sandip Raha

• Mousumi Raha.

 

IPO Lead Managers

• Fedex Securities Pvt Ltd.

 

Dividend Policy

The company has not distributed dividends in any FY.

 

Conclusion

The company has experienced negative cash flow in financing and investing activities in the last fiscal years. To achieve its goals, the company is currently launching an IPO for the general public. We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

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