Schedule of Naturewings Holidays
| Issue open date | 03 Sep 2024 |
| Issue close date | 05 Sep 2024 |
| UPI mandate deadline | 05 Sep 2024 (5 PM) |
| Allotment finalization | 06 Sep 2024 |
| Refund initiation | 09 Sep 2024 |
| Share credit | 09 Sep 2024 |
| Listing date | 10 Sep 2024 |
| Mandate end date | 20 Sep 2024 |
| Lock-in end date for anchor investors (50%) | 06 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 05 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Naturewings Holidays
Naturewings Holidays Limited’s IPO is scheduled to launch on September 3, 2024, with subscriptions closing on September 5, 2024. Incorporated in December 2018, the company offers specialized holiday packages for leisure travellers visiting the Himalayan ranges, covering India, Nepal, and Bhutan. The company provides end-to-end travel solutions for both individual and group travellers, including reservations for hotels, flights, and land, along with in-transit arrangements, local sightseeing, and destination management services, recently adding international travel services.
Financials of Naturewings Holidays
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹7.03 crores |
| Fresh Issue | ₹7.03 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 3.95 (56.19%) |
| Marketing and business promotions | 1.02 (14.51%) |
| General corporate purposes | 0.86 (12.23%) |
| Issue related expenses | 1.20 (17.07%) |
Strengths
- Recognized expertise in Himalayan travel: The company has a focused presence in the Himalayan destination management sector, contributing to a notable share of Indian tourists visiting Bhutan.
- Diverse market approach: The business employs a combination of B2C and B2B channels to reach customers, supported by an integrated platform across online and offline channels.
Risks
- Intense competition in the travel industry: The company faces strong competition from both established and emerging players in the travel market, which could impact its ability to maintain and grow its market share.
- Cyclical nature of the travel industry: The company operates in a sector that is highly sensitive to economic changes, and any downturn in the economy or unfavourable market conditions could significantly impact its operations.
- Dependence on third-party service providers: The company relies on various third-party providers for essential services. Any failure or disruption in these services could negatively affect business operations.
- Susceptibility to external events: The company operates across India, Bhutan, and Nepal, which are vulnerable to events such as natural disasters, terrorism, and health-related concerns. These events could disrupt business operations and adversely affect financial performance.
- Impact of pandemic-related disruptions: The travel industry continues to face challenges from the ongoing effects of COVID-19, and may be affected if similar pandemics occur in the future, potentially impacting the company’s financial health and operations.