Trekkingtoes IPO / Hippo Cabs IPO Review, Dates, Allotment, Size, GMP & RHP

Let’s have a detailed review of the company and analytics of the Trekkingtoes IPO / Hippo Cabs IPO release date, IPO offer price, subscription, Trekkingtoes Com IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Trekkingtoes IPO / Hippo Cabs IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.4/10
Industry Ranking7.1/10
Company Background8.2/10
Company Reputation7.7/10
Competitive Edge7.2/10
Financial Statements8.0/10
Popularity Index7.6/10
Promoters Reputation8.0/10
Retail Appetite7.5/10
Top Brokers Review8.1/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Trekkingtoes IPO/ Hippo Cabs IPO Summary

Trekkingtoes.Com IPO

Their Company is engaged in the business of offering travel aggregator platform to cab rental services to wide range of customers via their on Call booking Service, Website i.e. www.hippocabs.com and mobile application (app) i.e. HippoCabs.

They have built technology and data-driven solutions for every area of the business which enables one company to increase efficiency. They work on exclusive and non-exclusive model with driver and vendors. This company has more than 1500 vendors with more than 4000 vehicles registered with them for intercity services. They provide dynamic pricing and route specific approach.

From FY 2017-18 to FY 2019-2020, as per the Restated Financial Statements

  • They have incurred significant losses since inception except FY 2019-20. They incurred operating losses of Rs. 106.88 lakhs and Rs. 43.64 lakhs in the financial year ended March 31 2019 and 2018, respectively.
  • Their revenue from operation as a percentage of total income were 85.31%, 99.23% and 99.71% for the fiscals 2020, 2019 and 2018 respectively.
  • Their other income comprises of currency conversion, misc. income, sale of database etc. Other income, as a percentage of total income was 14.69%, 0.77% and 0.29% for the fiscals 2020, 2019 and 2018 respectively.

The Promoters of this company are Mr. Sahil Agrawal and Mr. Sagar Agrawal. The lead manager to the issue is FAST TRACK FINSEC PRIVATE LIMITED. The Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.



Trekkingtoes IPO/ Hippo Cabs IPO Dates / Launch Date

The opening and the closing date of Trekkingtoes IPO is not known Aug 18, 2020 – Aug 20, 2020.


Trekkingtoes IPO/ Hippo Cabs IPO Subscription 

Day / DateNIIRIITotal Subscription
1st Day – 18 Aug
2nd Day – 19 Aug
3rd Day – 20 Aug
4th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Trekkingtoes IPO/ Hippo Cabs IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Trekkingtoes IPO / Hippo Cabs IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Trekkingtoes IPO/ Hippo Cabs IPO  Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is [●]. 


Trekkingtoes IPO/ Hippo Cabs IPO Size

This Initial Public Issue of 4,35,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] lakhs


Trekkingtoes IPO Share Offering

Fresh Issue: The Fresh Issue of 4,35,000 Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.[●] lakh,

Net Offer: The Net Offer of up to [●] Equity Shares of Rs.10 each at price of Rs.[●] per Equity Shares aggregating to Rs.[●] lakhs.


Trekkingtoes IPO and Company Overview

Their Company was incorporated as “Fylfot Comtech Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation. Further, pursuant to change in object of their Company, the name of their Company was changed to “Trekkingtoes Private Limited” vide Special resolution. Subsequently, their Company was converted into a Public Limited Company and the name of their Company was changed to “Trekkingtoes Limited” vide Special Resolution.

Their Company is engaged in the business of offering travel aggregator platform to cab rental services to wide range of customers. Their Company is also engaged in Data Base trading, Software Consultancy services, Currency Conversion Services in Indian as well as International Markets.

Trekkingtoes IPO – Plan of Action

Their Company is solving a core problem of finding return journeys for its driver partners. They are able to achieve this through a combination of their algorithms and strategic approach. Using dynamic pricing algorithms, they have been able to increase the efficiency of return booking to a point where almost all their driver partners are able to get the return journeys directly through their platform.

Following a route specific approach, they are able to manage the demand and supply on both sides of the route, enabling the client to pay only for one way and for drivers to have customers on both the sides.


Trekkingtoes IPO – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
31-Mar-2031-Mar-19Mar-18
Total Assets142.6751.8940.30
Total Revenue269.79484.11316.67
Total Expense325.35590.99360.31
Profit After Tax2.52(106.88)(43.64)

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
31-Mar-20Mar-1931-Mar-18
Basic & Diluted0.23(1,012.22)(436.40)

Trekkingtoes IPO / Hippo Cabs IPO – Promoters

The Promoters of this company are:

  • Mr. Sahil Agrawal
  • Mr. Sagar Agrawal

List of Related Parties (Key Managerial Personnel)

  • Mr. Sahil Agrawal, Chairman & Managing Director
  • Mr. Sagar Agrawal, Whole-Time Director and Chief Financial Officer
  • Mrs. Annu Sharma, Company Secretary and Compliance Officer

Trekkingtoes IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares OfferedUp to 4,35,000 Equity Shares, aggregating up to Rs.[●] lakhs
 Of which:
Issue Reserved for the Market Maker[●] Equity Shares, aggregating up to Rs.[●] lakhs
Net Issue to the Public[●] Equity Shares, aggregating up to Rs.[●] lakhs
 Equity Shares outstanding prior to the Issue11,69,112 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Trekkingtoes IPO Issue Object

Their Company proposes to utilise the Net Proceeds from the Issue (“Net Proceeds”) towards the following objects:

a) Strategic initiatives and investments;
b) Repayment and pre-payment of a portion of certain indebtedness availed by their company;
c) General corporate purposes.

Hippo Cabs IPO : Competitive Strength

  • Growing Domestic Economy
  • Experienced & Qualified Management
  • Skilled and dedicated manpower
  • Quality Assurance and Standards
  • Strong customer relationship
  • One way payment by customers
  • Use of dynamic price algorithm

Trekkingtoes IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

Qualitative factors are:

  • Experienced Promoters and Management Expertise
  • Diversified Customer Base
  • Use of dynamic price algorithm
  • Quality and focus on customer satisfaction
  • Established track record

Trekkingtoes IPO – Quantitative Factors

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-18(436.40)(66.84)%
31-Mar-19(1,012.22)(95.28)%
*31-Mar-200.23270.62%0.08
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.10 each
ParticularsP/E ratio
Highest
Average
Lowest

Trekkingtoes Limited: Competitive Peers

They believe that there is no listed company which is specifically comparable to them w.r.t. to their business model, size and financials.


Trekkingtoes IPO Lead Managers

Lead Managers
FAST TRACK FINSEC PRIVATE LIMITED
B-502, Statesman House,
148, Barakhambha Road,
New Delhi – 110 001
Tel No.:+91 – 11 – 4141 1600
Email: pawanmahur@ftfinsec.com
Website: www.ftfinsec.com
Investor Grievance Email:investor@ftfinsec.com
Contact Person:Mr. Pawan Kumar Mahur
SEBI Registration No.INM000012500

Trekkingtoes IPO Registrar to Offer

Registrar to the Offer
KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium Tower-B, Plot No. 31-32, Gachibowli, Financial District,
Nanakramguda, Serilingampally, Hyderabad, Telangana – 500 032.
Tel. No.: +91-40-6716-2222
Fax No.: +91-40-2343-1551
Email: hippocabs.ipo@kfintech.com
Website: www.kfintech.comhttp://www.linkintime.co.in/
Investor Grievance Email:einward.ris@kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.:INR000000221

Hippo Cabs IPO – Other Details

  • Statutory Auditor – Dhadda & Co., Chartered Accountants
  • Peer Review Auditors of the Company – Goyal Goyal & Co., Chartered Accountants
  • Banker to the Company – ICICI BANK LIMITED

Trekkingtoes IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Trekkingtoes IPO Grey Market Premium

The Trekkingtoes IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Trekkingtoes IPO News

News 1Trekkingtoes IPO  [Download DRHP Prospectus]


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