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Hippo Cabs IPO is a fixed price issue of Rs 4.54 crores. The issue is entirely a fresh issue of 4.33 lakh shares.
Hippo Cabs IPO bidding started from August 18, 2020 and ended on August 20, 2020. The allotment for Hippo Cabs IPO was finalized on Tuesday, August 25, 2020. The shares got listed on BSE SME on August 28, 2020.
Hippo Cabs IPO price is ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000.
Fast Track Finsec Pvt Ltd is the book running lead manager of the Hippo Cabs IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Hippo Cabs IPO RHP for detailed information.
| IPO Date | August 18, 2020 to August 20, 2020 |
| Listing Date | August 28, 2020 |
| Face Value | ₹10 per share |
| Price | ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 433,200 shares (aggregating up to ₹4.54 Cr) |
| Fresh Issue | 433,200 shares (aggregating up to ₹4.54 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,169,112 |
| Share holding post issue | 1,602,312 |
| Market Maker portion | 22,800 shares |
Hippo Cabs IPO offers 433,200 shares. 205,200 (47.37%) to NII, 205,200 (47.37%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 22,800 (5.26%) |
| Other Shares Offered | 205,200 (47.37%) |
| Retail Shares Offered | 205,200 (47.37%) |
| Total Shares Offered | 433,200 (100%) |
Hippo Cabs IPO opens on August 18, 2020, and closes on August 20, 2020.
| IPO Open Date | Tuesday, August 18, 2020 |
| IPO Close Date | Thursday, August 20, 2020 |
| Basis of Allotment | Tuesday, August 25, 2020 |
| Initiation of Refunds | Wednesday, August 26, 2020 |
| Credit of Shares to Demat | Thursday, August 27, 2020 |
| Listing Date | Friday, August 28, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 20, 2020 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| Lot Size Calculator | |||
Mr. Sahil Agrawal and Mr. Sagar Agrawal are the promoters of the company.
| Share Holding Pre Issue | 87.40% |
| Share Holding Post Issue | 63.77% |
Incorporated in 2012, Trekkingtoes.com Limited offers travel aggregator platform and cab rental services online. The customers can book the cabs through website (www.hippocabs.com), mobile app (HippoCabs) and call booking service.
It has more than 4000 registered vehicles and 1500 vendors for intercity services. The company provides route specific approach (enabling the client to pay only for one way and for drivers to have customers on both the sides) and dynamic pricing model across 200 cities in India.
The company is also engaged in offering Currency Conversion, Software Consultancy, and Data Base trading Services in India as well as international markets.
Competitive Strengths
1. Skilled and dedicated manpower
2. Stringent quality control process
3. A route specific approach for customer
4. Dynamic price algorithm
| Particulars | For the year/period ended (Rs in Lakhs) | |||
|---|---|---|---|---|
| 31-March-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 142.67 | 51.89 | 40.30 | |
| Total Revenue | 269.79 | 484.11 | 316.67 | |
| Profit After Tax | 2.52 | (106.88) | (43.64) | |
The 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 the company;
c) General corporate purposes.
[Dilip Davda] Asking price does not match financial performance. Based on EPS and P/BV parameters, issue is exorbitantly priced. TCL is operating in a highly competitive segment with giants like Ola, Uber, Meru etc. Unorganized players are the major threats for this company. There is no harm in giving this issue a miss. Read detail review...
The Hippo Cabs IPO is subscribed 1.55 times on August 20, 2020 6:49:03 PM. The public issue subscribed 2.80 times in the retail category, times in the QIB category, and 0.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.29 |
| Retail | 2.80 |
| Total | 1.55 |
| Listing Date | August 28, 2020 |
| BSE Script Code | 543222 |
| NSE Symbol | |
| ISIN | INE0DG401010 |
| Final Issue Price | ₹105 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹105.00 |
| ₹105.00 |
| ₹99.75 |
| ₹105.00 |
| ₹99.75 |
Trekkingtoes.com Ltd
236, Mahaveer Nagar 1st,
Durgapura, Tonk Road,
Jaipur, Rajasthan 302 018
Phone: +91 9610449969
Email: compliance@hippocabs.com
Website: https://hippocabs.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hippocabs.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Hippo Cabs IPO is a SME IPO of 433,200 equity shares of the face value of ₹10 aggregating up to ₹4.54 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200 Shares.
The IPO opens on August 18, 2020, and closes on August 20, 2020.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Hippo Cabs IPO using UPI as a payment gateway. Zerodha customers can apply in Hippo Cabs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hippo Cabs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hippo Cabs IPO opens on August 18, 2020 and closes on August 20, 2020.
Hippo Cabs IPO lot size is 1200 Shares, and the minimum amount required is ₹126,000.
You can apply in Hippo Cabs IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Hippo Cabs IPO will be done on Tuesday, August 25, 2020, and the allotted shares will be credited to your demat account by Thursday, August 27, 2020. Check the Hippo Cabs IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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