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Open
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Close
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Allotment
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Listing
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Issue Size
36,10,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 183.35 | 147.69 | 95.98 | 50.44 |
| Total Income | 129.49 | 130.23 | 86.19 | 47.67 |
| Profit After Tax | 18.93 | 18.05 | 8.52 | 3.94 |
| EBITDA | 39.20 | 37.98 | 25.49 | 13.87 |
| NET Worth | 50.89 | 31.96 | 13.91 | 5.40 |
| Reserves and Surplus | 40.88 | 31.95 | 13.90 | 5.39 |
| Total Borrowing | 105.11 | 93.12 | 67.50 | 32.75 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| PAN HR Solutions Ltd. | SME | ₹17.04 Cr | ₹78 | 8.41 | ₹78.01 | +0.01% | ₹56.65 (+4.91%) |
| Armour Security India Ltd. | SME | ₹26.51 Cr | ₹57 | 17.53 | ₹43.35 | -23.95% | ₹18.70 (+3.60%) |
| Dhara Rail Projects Ltd. | SME | ₹50.20 Cr | ₹126 | 21.43 | ₹157.50 | +25.00% | ₹130.00 (+0.97%) |
| Clear Secured Services Ltd. | SME | ₹85.60 Cr | ₹132 | 23.36 | ₹113.05 | -14.36% | ₹95.00 (+0.00%) |
| Sheel Biotech Ltd. | SME | ₹34.02 Cr | ₹63 | 8.86 | ₹95.55 | +51.67% | ₹68.00 (-2.79%) |
| WeWork India Management Ltd. | Mainboard | ₹2,999.64 Cr | ₹648 | 67.75 | ₹628.65 | -2.99% | ₹711.95 (+1.83%) |
| Dev Accelerator Ltd. | Mainboard | ₹143.35 Cr | ₹61 | 233.25 | ₹64.05 | +5.00% | ₹33.90 (+0.59%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of material handling equipment and batteries. | 99.67 |
| 2 | General corporate purposes |
About Watrana Rentals IPO
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. The company is ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certified supplier of industrial Material Handling Equipment (“MHE”), offering solutions for various sectors in India. The company's business can be segregated into the following:- Rental Solutions: Provides rental services for MHE tailored to meet business needs for flexibility without long-term capital investment. Trading in MHE: Engaged in trading MHE, this offer allows customers to buy material handling equipment suited to their budget and needs. Trading in Batteries for MHEs: Offers various batteries compatible with MHE models for rental and trading clients. With over 304 rental sites across India, the company ensures extensive coverage and quick response to clients ' needs. As of April 30, 2025, the company operates over 1441 MHE units, including diesel and electric forklifts, reach tru
Contact Details
Watrana Rentals Ltd. AddressB-2, Third Floor, Derawal NagarNear Model Town Metro Station,Gujranwala ColonyNorth West Delhi, New Delhi, 110009+91 9289100302cs@watranarentals.comVisit Website