Naturewings Holidays
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 03 Sep 2024 – 05 Sep 2024
- Listing date
- 10 Sep 2024
- Face value
- ₹1 per share
- Issue price
- ₹74 per share
- Lot size
- 1,600 shares
- Issue type
- Fixed Price issue
- Listing at
- BSE
- Total issue size
- ₹7.03 Cr
- Market cap at offer price
- ₹23.39 Cr
- Promoter holding
- 95.80% → 66.99% pre-issue → post-issue
- ISIN
- INE0N4701016
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Fedex Securities Pvt.Ltd.
- Registered office
- DGK-417, 4th Floor, DLF Galleria Building, Newtown, North 24 Parganas New Town, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 48,000 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹74
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,18,400 |
| S-HNI (min) | 2 | 3,200 | ₹2,36,800 |
| S-HNI (max) | 8 | 12,800 | ₹9,47,200 |
| B-HNI (min) | 9 | 14,400 | ₹10,65,600 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 5.06 | 3.54 |
| P/E (×) | 14.62 | 20.90 |
| Price to book (×) | 6.16 | — |
| Market cap | — | ₹23.39 Cr |
Key performance indicators
- Return on net worth
- 42.13%
- ROCE
- 5.76%
- Debt / equity
- 0.03
- PAT margin
- 5.13%
- NAV per share
- ₹12.02
- Price to book
- 6.16
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Naturewings Holidays
Naturewings Holidays Limited (formerly Naturewings Holidays Private Limited) was incorporated on December 19, 2018 and converted into a public limited company in September 2022; its registered office is in New Town, Kolkata, West Bengal. It is a tourism company whose primary focus is the entire Himalayan destination across India, Nepal and Bhutan, offering specialised and curated holiday packages for leisure travellers, with end-to-end travel solutions covering land and air bookings, hotel bookings, in-transit arrangements, local sightseeing and other destination management services for both individuals and groups. It operates under the 'Naturewings' brand serving regions such as Bhutan, Nepal, Sikkim-Darjeeling, Ladakh and Kashmir-Ladakh, is registered with the Tourism Council of Bhutan through its representative, and reaches customers via B2C channels (its website www.naturewings.com, online booking platform online.naturewings.com, WhatsApp and enterprise/corporate clients) and a B2B network of over 100 registered travel agents across more than 12 major Indian cities; as of September 30, 2023 it had access to over 650 hotels and employed 44 staff. It makes money by selling holiday packages — Revenue from Operations grew from ₹137.65 Lakhs (FY2021) to ₹412.54 Lakhs (FY2022) and ₹1,170.47 Lakhs (FY2023), with Profit After Tax of ₹65.08 Lakhs in FY2023 — and has recently launched international packages (Bali, Thailand, Egypt, Kenya, Sri Lanka, Vietnam, Singapore and Maldives) along with value-added services such as travel-related foreign exchange and payment solutions.
Company Analysis
from DRHPNaturewings Holidays Limited is a Kolkata-based tourism company offering specialised and curated holiday packages focused on Himalayan destinations across India, Nepal and Bhutan.
Naturewings Holidays Limited (formerly Naturewings Holidays Private Limited) was incorporated on December 19, 2018 and converted into a public limited company in September 2022; its registered office is in New Town, Kolkata, West Bengal. It is a tourism company whose primary focus is the entire Himalayan destination across India, Nepal and Bhutan, offering specialised and curated holiday packages for leisure travellers, with end-to-end travel solutions covering land and air bookings, hotel bookings, in-transit arrangements, local sightseeing and other destination management services for both individuals and groups. It operates under the 'Naturewings' brand serving regions such as Bhutan, Nepal, Sikkim-Darjeeling, Ladakh and Kashmir-Ladakh, is registered with the Tourism Council of Bhutan through its representative, and reaches customers via B2C channels (its website www.naturewings.com, online booking platform online.naturewings.com, WhatsApp and enterprise/corporate clients) and a B2B network of over 100 registered travel agents across more than 12 major Indian cities; as of September 30, 2023 it had access to over 650 hotels and employed 44 staff. It makes money by selling holiday packages — Revenue from Operations grew from ₹137.65 Lakhs (FY2021) to ₹412.54 Lakhs (FY2022) and ₹1,170.47 Lakhs (FY2023), with Profit After Tax of ₹65.08 Lakhs in FY2023 — and has recently launched international packages (Bali, Thailand, Egypt, Kenya, Sri Lanka, Vietnam, Singapore and Maldives) along with value-added services such as travel-related foreign exchange and payment solutions.
Objects of the Issue
- Meeting working capital requirements Upto ₹395.00 Lakhs p.65
- Marketing and Business Promotions Upto ₹100.00 Lakhs p.65
- General corporate purposes (capped at 25% of Gross Proceeds) p.65
Issue Structure
- Total Issue
- Upto 9,50,000 Equity Shares aggregating up to ₹ [●] Lakhs (gross proceeds of the Issue estimated at Upto ₹700.00 Lakhs)
- Fresh Issue
- Up to 9,50,000 Equity shares aggregating up to ₹ [●] Lakhs
- Offer for Sale
- NA
- Price Band
- ₹ [●] per Equity Share (Fixed Price Issue)
- Lot Size
- [●] Equity Shares and in multiples thereof
- Face Value
- ₹10/- each
Business Model
The Company earns revenue by designing and selling specialised, curated holiday packages to leisure travellers — bundling flights, hotels, in-transit transport and sightseeing — sold directly through its websites, WhatsApp, call centres and enterprise/corporate clients (B2C, approximately 91% of net revenue in Fiscal 2022), and indirectly through a network of over 100 commission-earning travel agents across India (B2B); it also offers value-added services such as travel-related foreign exchange and payment solutions.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Sandip Raha | Promoter | 83.45% | — |
| Mousumi Raha | Promoter Group | 6.00% | — |
| Debadrita Raha | Promoter Group | 4.00% | — |
| Dibyava Raha | Promoter Group | 2.35% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.