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Watrana Rentals Ltd
Upcoming NSE SME Bookbuilding IPO

Watrana Rentals Ltd IPO

GMP Today
+₹16
+6%
Issue Price
₹245
Est. Listing: ₹261
IPO Overview
Quick facts
Issue Price
₹245
Lot Size
600 shares
Min. Investment
₹147,000
Issue Size
49,02,000 shares (agg. up to ₹120 Cr)
Face Value
₹10
Issue Type
Bookbuilding IPO
Listing Exchange
NSE SME
Script Code
—
Important Dates
IPO Open
19 Nov 2026
IPO Close
23 Nov 2026
Allotment
25 Nov 2026
Refund Init.
26 Nov 2026
Demat Credit
26 Nov 2026
Listing Date
27 Nov 2026
Subscription Allocation
Category Shares Offered Lots Amount (₹)
QIB (Qualified Institutional) 23,22,000 — ₹—
NII / HNI (Non-Institutional) 6,98,400 3 ₹4,41,000
Retail (Individual) 16,29,600 2 ₹2,94,000
Market Maker 2,52,000 — ₹—
Fresh Issue 46,50,000 shares (agg. up to ₹113 Cr) — ₹—
Minimum Application Size
Investor Type Lots Shares Amount (₹)
Retail (Min 1 Lot) 2 1200 ₹2,94,000
HNI — sHNI 3 1800 ₹4,41,000
Subscription Status
Metric QIB NII Retail Total
Shares 23,22,000 6,98,400 16,29,600 49,02,000
Financial Highlights

Amount in ₹ Crore

Metric 30 Jun 2026 31 Mar 2026 31 Mar 2025
Revenue 53211179
PAT 72924
EBITDA 186551
Net Worth 938556
Total Assets 301287201
Reserves 837546
Borrowings 164164110
ROE
8
ROCE
4
RONW
7
PAT Margin
14
EBITDA Mgn
33
P/B Value
2
Pre EPS
25
Post EPS
18
Pre P/E
9
Post P/E
13
Objects of Issue
  • Purchase of material handling equipment (MHE), aerial work platform (AWP) and batteries
  • General Corporate Purposes
  • {"object":null,"expected_amount":null}
About Watrana Rentals Ltd

Incorporated on November 19, 2019, Watrana Rentals Limited specializes in material and cargo handling equipment rentals, offering a fleet that includes forklifts (battery‑operated, diesel, gas), electric stackers, pallet trucks, speciality attachments (e.g., paper‑roll clamps, bale clamps, side shifters), and ground‑support gear. They engaged in the business of providing material handling equipment (“MHE”) on a rental basis and trading of new and used MHE and batteries used in MHE. They cater to customers operating across various industries, including automotive, tyre, beverage, glass, paper, logistics & warehouse.

The company's business can be segregated into the following:-

  1. Rental Solutions: Provides rental services for MHE tailored to meet business needs for flexibility without long-term capital investment.
  2. Trading in MHE: Engaged in trading MHE, this offer allows customers to buy material handling equipment suited to their budget and needs.
  3. Trading in Batteries for MHEs: Offers various batteries compatible with MHE models for rental and trading clients.

As of June 30, 2026, the company owned a fleet of two thousand six hundred forty-six (2,646) MHE units and thirty-three (33) AWP units, with an additional five MHE units and two AWP units taken on rent from third party suppliers.

As of June 30, 2026, The company had 3,883 employees across various functions, including strategy and planning, administration and human resources, finance, operations, procurement, stores, safety and service.

Competitive Strength:

  • Experienced Promoters and a senior management team with technical expertise
  • Workforce is a key asset in delivering high-quality service to clients across India.
  • Quality Assurance of services is an integral part of the company's operations.
  • Wide network coverage.
Apply for This IPO
₹245
Min. ₹147,000 · 600 shares/lot
Expected Listing ₹261
GMP +₹16 (+6%)
Close Date 23 Nov 2026
Pre-Issue
1,14,38,500 shares
Post-Issue
1,63,40,500 shares
Company Contact
Registrar
Maashitla Securities Pvt.Ltd
  • 011-45121795
  • ipo@maashitla.com
Lead Managers
  • Oneview Corporate Advisors Pvt.ltd
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