Overview of Naturewings Holidays Limited IPO

Overview of Naturewings Holidays Limited IPO

Introduction

Naturewings Holidays Limited, a company deeply rooted in the travel and tourism industry, is preparing to embark on its Initial Public Offering (IPO). Specializing in curated travel experiences within the majestic Himalayan region. Naturewings offers investors a unique opportunity to support a company that plays a pivotal role in promoting tourism across some of the most enchanting landscapes in India, Nepal, and Bhutan. The proceeds from this IPO are poised to propel the company’s growth, enabling it to expand its offerings and further enhance its market presence.

IPO Details

  • Face Value: ₹10 per equity share

  • Price : ₹74 per share

  • Issue Percentage:

    • Retail Investors:50% of the Net Issue

    • Others: 50% of the Net Issue

  • Lot Size: 1,600 Equity Shares Amount ₹118,400

  • Total Issue Size: 9,50,400 equity shares aggregating up to ₹703.30 lakhs

  • Issue Type: Fixed Price Issue

  • Listing Platform: BSE SME

  • Market Maker: Pure Broking Private Limited

  • Lead Manager: Fedex Securities Private Limited

  • Registrar: Bigshare Services Private Limited

  • Promoters: Sandip Raha & Mousumi Raha

  • Pre-IPO Promoter Shareholding:95.8%

  • Post-IPO Promoter Shareholding:67.53%

Key Dates

  • Opening Date: September 03, 2024

  • Closing Date: September 05, 2024

  • Basis of Allotment:September 6, 2024

  • Refund Initiation:September 9, 2024

  • Credit of Shares to Demat:September 9, 2024

  • Listing Date:September 10, 2024

Company Information

  • Year Founded: 2018

  • Corporate Identification Number (CIN): U63030WB2018PLC229417

  • Location: DGK - 417, 4th Floor, DLF Galleria Building, Newtown, Kolkata, West Bengal

  • Website:www.naturewings.com

  • Registered Office Contact: Annu Jain, Company Secretary & Compliance Officer

  • Telephone: +91 9831317505

  • Email: cs@naturewings.com

Company Overview

Founded in 2018, Naturewings Holidays Limited has quickly established itself as a distinguished travel company with a focus on the Himalayan region. The company specializes in crafting bespoke holiday experiences that highlight the natural beauty, cultural richness, and adventure opportunities of the Himalayas. Naturewings offers a full suite of travel services, including flight and hotel bookings, in-transit arrangements, and guided local tours, ensuring that each journey is seamless and memorable.

Operating from its headquarters in Kolkata, West Bengal, Naturewings has developed a strong network of partnerships with hotels, local tour operators, and service providers. This network allows the company to offer competitive pricing and high-quality services, making it a preferred choice for travelers seeking an authentic and well-organized experience in the Himalayas.

Naturewings is particularly known for its ability to create customized itineraries tailored to the specific interests and preferences of its clients. Whether it's a serene retreat in the mountains, an adventurous trek through rugged terrains, or a spiritual journey to sacred sites, the company ensures that every detail is meticulously planned and executed. The company’s focus on niche tourism segments, such as eco-tourism, spiritual tourism, and adventure tourism, has further strengthened its market position, attracting a diverse clientele from both domestic and international markets.

Under the leadership of promoters Sandip Raha and Mousumi Raha, the management team at Naturewings brings a wealth of experience and industry insight. Their vision for the company includes expanding its service offerings, enhancing customer satisfaction, and exploring new destinations within the Himalayan region and beyond. The company’s commitment to delivering personalized travel experiences has earned it a loyal customer base and a reputation for excellence in the tourism industry.

Competitors

Name of the Company

Face value (Rs. per share)

EPS
Diluted/Basic

NAV (Per Share)

P/E
Ratio

RONW (%)

Naturewings Holidays Limited 

10 

8.19

177.26

[●] 

22%

Sailani Tours and Travels

10

1.04

14.78

95.79

6.37%



Objects of the Issue

Sr. No.

Particulars

Amount (₹

in) Lakhs


1

Meeting working capital requirements

395.00

2

Marketing and Business Promotions

100.00

3

TotalGeneral Corporate Purpose

[●]

The amount utilized for general corporate purpose shall not exceed 25% of the gross proceeds of the Issue

Competitive Strengths

  • Expertise in Himalayan Tourism: Naturewings has carved out a niche in the competitive travel industry by specializing in the Himalayan region, offering in-depth knowledge and expertise that sets it apart from general travel agencies.

  • Comprehensive Travel Solutions: The company provides end-to-end travel services, ensuring that clients can rely on Naturewings for all aspects of their journey, from bookings to local sightseeing and everything in between.

  • Robust Industry Relationships: Through long-standing relationships with hotels, transport providers, and local guides, Naturewings ensures high service standards and competitive pricing, enhancing the overall travel experience for its clients.

  • Experienced Leadership: The company’s management team, with its extensive experience in the travel and tourism sector, drives strategic growth and operational efficiency, positioning Naturewings for continued success.

Growth Catalysts

  • Rising Demand for Himalayan Tourism: As interest in exploring the Himalayan region grows among tourists, Naturewings is well-positioned to capitalize on this trend with its specialized offerings.

  • Government Support for Tourism: Government initiatives aimed at boosting tourism in the Himalayan states, such as infrastructure development and promotional campaigns, are likely to benefit companies like Naturewings.

  • Diversification of Services: The company’s plans to expand its portfolio to include more destinations and specialized travel experiences, such as adventure and eco-tourism, are expected to attract a wider range of customers.

  • Technology-Driven Enhancements: By investing in technology to streamline operations and improve the booking experience, Naturewings is set to enhance customer satisfaction and operational efficiency.

Risks

  • Seasonal Dependency: Tourism in the Himalayan region is highly seasonal, which can result in fluctuations in revenue during off-peak times.

  • Regulatory Risks: Any changes in government regulations or policies related to travel and tourism could impact the company’s operations and profitability.

  • Intense Competition: The travel industry is highly competitive, with numerous players offering similar services. Naturewings must continuously innovate to maintain its competitive edge.

  • Reliance on Key Personnel: The success of Naturewings is closely tied to the expertise and leadership of its management team. The loss of key personnel could adversely affect the company’s strategic direction.

Financial Information

Particulars

FY 2022-23 

FY 2021-22

FY 2020-21

Revenue from Services  (Rs. in Lakhs)

1,170.47

412.54   

137.65

EBITDA (Rs. in Lakhs) 

94.69

25.30

7.94

EBITDA Margin  (%)

8.09

6.13

5.77

PAT (Rs. in Lakhs)

65.08

19.89

5.54

PAT Margin(%)

5.56

4.82

4.03

RoE (%)

42.34

22.44

8.07

RoCE (%)

52

29

11

RoNW(%)

0.42

0.22

0.08

Conclusion

Naturewings Holidays Limited is a dynamic and specialized player in the travel and tourism industry, with a strong focus on the Himalayan region. Investors considering participation in the IPO are encouraged to carefully review the company’s financials and the DRHP before making an investment decision. For a more detailed analysis and insights, visit www.stockknocks.com.and Whatsapp group.

DISCLAIMER

The information provided in this blog is for informational purposes only and should not be construed as investment advice. Readers are encouraged to conduct their own research and consult with financial advisors before making any investment decisions.