Naturewings Holidays Limited IPO

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Naturewings Holidays Limited is a dedicated tourism provider with a primary focus on the Himalayan regions spanning India, Nepal, and Bhutan. They specialize in offering curated holiday packages tailored for leisure travelers seeking to explore the breathtaking beauty of the Himalayan ranges. Their comprehensive travel solutions encompass every aspect of a traveler’s journey, including land and air bookings, hotel accommodations, in-transit arrangements, local sightseeing, and other destination management services.

Service Offerings:

1. Curated Holiday Packages: They design and provide specialized travel packages for both individual and group travelers, focusing on the unique destinations within the Himalayan ranges. These packages are meticulously planned to offer an immersive experience, capturing the essence of the region’s natural beauty, culture, and heritage.

2. End-to-End Travel Solutions: Their services include arranging all necessary bookings, from transportation to accommodations, ensuring a seamless travel experience for their clients. They also manage in-transit logistics and local sightseeing, providing a comprehensive and stress-free vacation.

3. International Expansion: Recently, they have expanded their services to include international destinations, broadening their portfolio and offering their expertise to a global audience. Additionally, they have introduced value-added services such as travel-related foreign exchange and payment solutions, further enhancing their offerings.

4. Online Platform: Their online portal, accessible at https://online.naturewings.com, provides detailed information about their holiday packages, including itineraries, hotel options, and any special notes. The website is integrated with secure payment gateways, allowing customers to conveniently book and pay for their travel packages online.

Market Reach

As of June 30, 2024, their services cover the entire Himalayan region, including popular destinations in Bhutan, Nepal, the North East of India, Sikkim-Darjeeling, and Kashmir-Ladakh. They offer both B2C (Business to Consumer) and B2B (Business to Business) services, catering to a diverse clientele that includes educated urban consumers and travel agents. Their go-to-market strategy effectively spans the entire value chain of leisure holiday packages, providing scale and flexibility through their network of over 100 travel agents across more than 12 major cities in India.

In summary, they are a tourism company deeply committed to providing unique and memorable travel experiences in the Himalayan regions and beyond. Their comprehensive service offerings, strategic market reach, and strong partnerships with hotels and travel agents enable them to meet the evolving needs of their customers while navigating the challenges of a competitive industry. As they continue to expand their services and enhance their offerings, they remain dedicated to maintaining their reputation for quality, trust, and exceptional customer service.

Objects of the Naturewings Holidays Limited IPO:

The company proposes to utilize the Net Proceeds from the Issue towards the following objects: i. Meeting working capital requirements; ii. Marketing and Business Promotions; and iii. General corporate purposes
DRHP of Naturewings Holidays Limited IPO
RHP of Naturewings Holidays Limited IPO

Naturewings Holidays Limited IPO Details:

Open Date: Sep 03 2024
Close Date: Sep 05 2024
Total Shares: 950,400
Face Value: ₹ 10 Per Equity Share
Issue Size: 7.03 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 74 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 10 2024

Promoters And Management:

SANDIP RAHA aged 53 years is the Chairman and Managing Director of the Company. He is also the Promoter and has been associated with the Company since incorporation. He holds a bachelor’s degree in Engineering (Computer science and Technology)from University of Calcutta. He possesses around 8 years of experience in the Travel and Tourism Sector. He is responsible for the overall functioning of the Company. MOUSUMI RAHA aged 49 years is the Whole Time Director of the Company. She is also the Promoter and has been associated with the Company since incorporation. She holds a masters Degree in Arts (History) from the University of Burdwan. She has more than 4 years of experience in the travel Industry being associated with the Company and having vast knowledge about the territories and various operational aspects. She is responsible for handling entire sales and operations of the Company. SUMAN KUMAR PAUL aged 34 years is a Whole Time Director of the Company. He was appointed as a Director on August 12, 2022. He holds a bachelor’s degree in Business Administration (Hospitality and Tourism Management) from Annamalai University. He has more than 5 years of experience in the field of Tourism and Hospitality. He is responsible for generation of sales in the Company.

Financials of Naturewings Holidays Limited IPO:

Particulars ( In Lakhs )
2022
2023
2024
Revenue from Operations 413 1,170 2,181
Other Income 6 6 9
Total Revenue 418 1,176 2,190
Cost of Operation 318 913 1,774
Employees Benefit Expenses 52 111 172
Other Expenses 16 52 75
EBITDA 31 100 169
OPM (%) 7.43% 8.54% 7.72%
Depreciation & Amortisation 2 15 14
EBIT 29 85 155
Finance Cost 1 2 4
PBT 29 84 152
Tax 9 19 40
PAT 20 65 112
NPM (%) 4.75% 5.53% 5.11%
No.of Shares 31.60 31.60 31.60
EPS 0.63 2.06 3.54

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Naturewings Holidays Limited 22 1 3.54 20.9 74 23
Sailani Tours and Travels 23 0.3 0.64 41.6 26.5 13
* All the data is as per FY24.

Recommendation on Naturewings Holidays Limited IPO:

1. NatureWings Holidays Limited is a specialized tourism company with a primary focus on the Himalayan destinations across India, Nepal, and Bhutan. They offer curated holiday packages for leisure travelers, providing end-to-end travel solutions including bookings for land and air transport, hotels, in-transit arrangements, and local sightseeing. Their services cater to both individual and group travelers, with a particular emphasis on the Himalayan regions. 2. Market Focus and Services They are one of the few Indian companies registered with the Tourism Council of Bhutan, through their representative, which highlights their deep expertise in the Himalayan tourism market. Recently, they expanded their operations to offer services for international destinations, and they have also introduced value-added services such as travel-related foreign exchange and payment solutions. Their go-to-market strategy covers both B2C and B2B channels, allowing them to serve a broad range of customers from urban consumers to travel agents. They leverage a network of over 100 travel agents across more than 12 major cities in India, helping them aggregate demand and expand their market reach. Additionally, they offer non-curated standard holiday packages through their online portal, which allows customers to book and pay for their packages directly. 3. Competitive Landscape The travel and tourism industry is highly competitive, with a wide range of options for travelers to research, plan, and book their trips. Their competitors include online travel agencies, traditional travel companies, and search engines, both in India and abroad. 4. The Revenue has Increased from Rs.4 Crores in FY22 to Rs.22 Crores in FY24. 5. The EBITDA has Increased from 31 Lakhs in FY22 to 1.7 Crore in FY24. 6. The PAT has Increased from 20 Lakhs in FY22 to 1 Crore in FY24. 7. As per FY24, CFO/EBITDA is 0.99, and EPS is 3.54, 8. Market Capitalization is 23 Crores and P/E is 20.9x based on FY24.

Lead Manager of Naturewings Holidays Limited IPO:

  1. Fedex Securities Limited

Registrar of Naturewings Holidays Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Naturewings Holidays Limited DGK -417, 4th Floor, DLF Galleria Building, Newtown Kolkata North 24 Parganas New Town -700156 Phone: +91 9831317505 Email: cs@naturewings.com Website: https://www.naturewings.com/

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