Watrana Rentals Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,322,000 | — | ₹57 Cr |
| NII (HNI) | — | 698,400 | — | ₹17 Cr |
| Retail | — | 1,629,600 | — | ₹40 Cr |
| Market Maker | — | 252,000 | — | ₹6 Cr |
| Σ Total | — | 4,902,000 | — | ₹120 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹147,000 |
| Retail (Max) | 13 | 7,800 | ₹1,911,000 |
| S-HNI (Min) | 14 | 8,400 | ₹2,058,000 |
| B-HNI (Min) | 67 | 40,200 | ₹9,849,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|---|
| Revenue | 54 | 212 | 180 |
| EBITDA | 18 | 65 | 52 |
| Profit After Tax | 8 | 29 | 24 |
| Net Worth | 93 | 86 | 56 |
| Total Assets | 302 | 287 | 202 |
| Reserves & Surplus | 83 | 76 | 46 |
| Total Borrowing | 165 | 164 | 111 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Purchase of material handling equipment (MHE), aerial work platform (AWP) and batteries – 98.13
- General Corporate Purposes –
- –
Company Overview
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:-
- 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.
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.