- POSITIVE
Annual Revenue Naturewings Holidays Mar-2026 Annual Revenue is Rs 31 Cr which is growth of 42.0% YoY.
- POSITIVE
Annual Net Profit Naturewings Holidays Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of 42.8% YoY.
Naturewings Holidays was incorporated on December 19, 2018. The company is a tourism provider primarily focused on the Himalayan destinations across India, Nepal, and Bhutan. It offers comprehensive travel solutions, including land and air bookings, hotel reservations, in-transit arrangements, local sightseeing, and other destination management services.
| Bidding Dates |
|---|
| 03 Sep 2024 - 05 Sep 2024 |
| Subscription |
|---|
| 364.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹118,400 | 1 | 1 | 1600 | 950.4 K | ₹74 | 66.99 % | ₹70.3 M | RHP DOC |
Naturewings Holidays Ltd. IPO SUBSCRIPTION STATUS
05 Sep '24Total364.16x
Retail Individual Investor462.57x
HNI (NII) Investors265.76x
Qualified Institutional Buyers-
Naturewings Holidays Ltd. IPO overall subscription rate was 364.16 times the total available shares
Naturewings Holidays Ltd. IPO retail subscription rate was 462.57 times in the retail segment
Naturewings Holidays Ltd. IPO non-institutional investor subscription rate was 265.76 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Sep 2024 (Day 3) | 462.57x | 265.76x | - |
04 Sep 2024 (Day 2) | 154.18x | 28.93x | - |
03 Sep 2024 (Day 1) | 62.71x | 9.23x | - |
Naturewings Holidays Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 11.2 | 218.1 | 4.6 | 4.1 | 7.4% |
| FY23 | 6.5 | 117.0 | 14.0 | -3.7 | 8.1% |
| FY22 | 2.0 | 41.3 | 5.4 | 4.3 | 6.1% |
Naturewings Holidays Ltd. IPO SUBSCRIPTION STATUS DETAILS
Naturewings Holidays Ltd. had 950.4 K shares on offer
Naturewings Holidays Ltd. IPO offer price was ₹74
Naturewings Holidays Ltd. IPO minimum Investment was ₹118400
Naturewings Holidays Ltd. IPO issue size was ₹ 70.3 M
Naturewings Holidays Ltd. had a minimum lot size of 1600 Shares per application
Naturewings Holidays Ltd. NUMBER OF SHARES ON OFFER
Total950.4 K
Fresh Issue950.4 K
Offer for Sale0
Post Issue Promoter Holding %66.99 %
Naturewings Holidays Ltd. IPO IMPORTANT DATES
| Issue Open Date | 03 Sep 2024 |
| Issue close Date | 05 Sep 2024 |
| Allotment Date | 06 Sep 2024 |
| Refund Date | 09 Sep 2024 |
| Demat Account Credit Date | 09 Sep 2024 |
| Listing Date | 10 Sep 2024 |
| Listing on Exchange(s) | BSE |
| Naturewings Holidays Ltd. Allotment Status | Exchange |
Naturewings Holidays Ltd. IPO subscription opened on 03 Sep 2024, and closed on 05 Sep 2024
IPO allotment for Naturewings Holidays Ltd. was finalized on Friday, 06 Sep 2024
IPO listing for Naturewings Holidays Ltd. was on BSE on Tuesday, 10 Sep 2024
Naturewings Holidays Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 74.0 |
| Listing Open Price | 95.0 |
| Listing Close Price | 90.3 |
| Listing Gain% | 28.4% |
| Current Gain% | -5.4% |
Naturewings Holidays Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Naturewings Holidays Ltd. | 70 | 22.1 | 14.3 | 0.3 | 0.7 | 12.1 | 8.4 | 30.7 | 42 | 1.5 | 42.8 | 4.9 | 42.8 |
| Indian Railway Catering & Tourism Corporation Ltd. | 458.7 | 36696 | 26.3 | 6.4 | 6.8 | 32.3 | 18.4 | 5475.2 | 11.7 | 1393.5 | 6 | 17.4 | 4.1 |
| TBO Tek Ltd. | 1696.9 | 18426.3 | 69.6 | 4.9 | 6 | 15.8 | 2.6 | 2728.7 | 51.7 | 244.3 | 6.3 | 24.4 | 14.1 |
| BLS International Services Ltd. | 224.3 | 9233.7 | 13.1 | 0.5 | 2.9 | 27.9 | 18.2 | 3093.4 | 36 | 686.7 | 35.1 | 17.1 | 24.9 |
| LE Travenues Technology Ltd. | 156.8 | 6915.6 | 80.8 | 2.5 | 5.5 | 3.5 | 2.8 | 1275.3 | 36.8 | 72.1 | 19.9 | 1.9 | 32.8 |
| Thomas Cook (India) Ltd. | 103.5 | 4867.5 | 22.3 | -1.7 | 0.6 | 8.6 | 2.8 | 8557.8 | 3.3 | 218.8 | -14 | 4.6 | -12.9 |
Annual
Balance Sheet
Ratios
Cash Flow
Naturewings Holidays Ltd. annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
37.5% | 85.4% | 30.7 | 21.6 | 21.9 | 11.8 | 4.2 | 1.4 | ||
Operating Exp. Ann. | 38.2% | 85.4% | 28.5 | 20 | 20.2 | 10.8 | 3.9 | 1.3 | |
Operating Profit Ann. | 19.3% | 76.2% | 1.7 | 1.5 | 1.6 | 1 | 0.3 | 0.1 | |
OPM Ann. % | -11.1% | -1% | 5.65% | 6.76% | 7.32% | 8.05% | 6.05% | 5.95% | |
38.1% | 85.7% | 28.7 | 20.1 | 20.4 | 10.9 | 3.9 | 1.3 | ||
EBITDA Ann. | 30.1% | 85.6% | 2.2 | 1.6 | 1.7 | 1 | 0.3 | 0.1 | |
EBITDA Ann. margin % | -6.2% | -2.9% | 7.04% | 7.43% | 7.72% | 8.54% | 7.43% | 8.15% | |
Interest Ann. | - | - | 0 | 0 | 0 | ||||
Depr. | -20.6% | - | 0.1 | 0.1 | 0.1 | 0.2 | 0 | 0 | |
PBT Ann. | 35.7% | 82.1% | 2 | 1.5 | 1.5 | 0.8 | 0.3 | 0.1 | |
Tax Ann. | 35.7% | - | 0.5 | 0.4 | 0.4 | 0.2 | 0.1 | -0 | |
31.7% | 74.1% | 1.6 | 1.1 | 1.1 | 0.7 | 0.2 | 0.1 | ||
Net Profit Ann. | 31.7% | 74.1% | 1.6 | 1.1 | 1.1 | 0.7 | 0.2 | 0.1 | |
NPM Ann. % | -2.8% | -6.5% | 5.11% | 5.04% | 5.13% | 5.56% | 4.82% | 7.17% | |
EPS Adj. latest Ann. | 32.6% | 74.8% | 4.9 | 3.4 | 3.5 | 2.1 | 0.6 | 0.3 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
42.1%
2Y CAGR
18.4%
3Y CAGR
37.5%
5Y CAGR
85.4%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
45.5%
2Y CAGR
20.6%
3Y CAGR
31.7%
5Y CAGR
74.1%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
42.5%
2Y CAGR
18.8%
3Y CAGR
38.2%
5Y CAGR
85.4%
Operating Expenses Annual Cr growth is stable compared to historical averages.
Naturewings Holidays Ltd. INFORMATION ON IPO ISSUE
About Naturewings Holidays Ltd.
Naturewings Holidays was incorporated on December 19, 2018. The company is a tourism provider primarily focused on the Himalayan destinations across India, Nepal, and Bhutan. It offers comprehensive travel solutions, including land and air bookings, hotel reservations, in-transit arrangements, local sightseeing, and other destination management services.
Object of the Issue
- Meeting working capital requirements.
- Marketing and Business Promotions.
- General corporate purposes.
Naturewings Holidays Ltd. - PROMOTERS
| Name |
|---|
| Sandip Raha |
| Mousumi Raha |
Naturewings Holidays Ltd. Lead Manager of the Issue
Fedex Securities Private Limited
mb@fedsec.in
Naturewings Holidays Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Naturewings Holidays Ltd. Strengths
Go -to-Market Approach
The company has crafted a unique “go-to-market” strategy that combines B-2-C and B-2-B approaches. This comprehensive strategy creates strong network effects, targeting the Indian travel market with a focus on the Himalayan ranges. The business model follows a reverse funnel approach, sourcing customers across India to offer specialized and focused services in the Himalayan regions
Strength
Established Brand
The company is recognized by its customers as a specialist in Himalayan range destination management. It is also one of the few Indian companies registered with the Tourism Council of Bhutan through its representative
Strength
Naturewings Holidays Ltd. Risks
Competitive Industry
The travel market in India, Nepal, and Bhutan is highly competitive, with success dependent on factors like pricing, service variety, brand recognition, customer service, loyalty, product reliability, fees, and technology
Risk
Dependent on Third-Party Services
The company relies on third-party service providers for many operational services such as hotels, travel agent, travel guide, rent-a-car service, as well as its backend service providers. If these providers fail to meet requirements or experience disruptions, it could negatively impact the business
Risk
IPO FAQs
The promoters of the company are Sandip Raha and Mousumi Raha.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 74.0 - 74.0.
The IPO application opens on Sep 03, 2024 and closes on Sep 05, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 118,400.0, the maximum value for this IPO is Rs 118,400.0.
This IPO will be allotted on Sep 06, 2024.
The refund will be credited to your account on Sep 09, 2024.
The allotted shares will be credited to your demat on Sep 09, 2024.
Naturewings Holidays Ltd.’s shares listed on the stock exchanges on Sep 10, 2024.