Hippo Cabs Limited, incorporated in 2012, operates as a travel aggregator platform and cab rental service provider. The company offers online cab booking services through its website, mobile app (HippoCabs), and call booking service. It has a fleet of over 4,000 registered vehicles and 1,500 vendors for intercity services. The company operates across 200 cities in India, offering a route-specific approach that allows customers to pay only for one-way services, while drivers can have customers on both sides. Trekkingtoes.com has a dynamic pricing model, which means that prices vary depending on factors such as demand, distance, and time of day.
Besides its cab rental services, Trekkingtoes.com Limited also provides currency conversion, software consultancy, and database trading services in India and international markets. The company has a wide reach, serving customers across various regions in India and internationally. By offering multiple services, Trekkingtoes.com Limited aims to become a one-stop-shop for all travel-related needs.
Hippo Cabs IPO Details
| IPO Date | Aug 18, 2020 to Aug 20, 2020 |
| Listing Date | Aug 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 |
Hippo Cabs IPO Tentative Timetable
Hippo Cabs IPO opens on Aug 18, 2020, and closes on Aug 20, 2020.
| Event | Tentative Date |
| Opening Date | Aug 18, 2020 |
| Closing Date | Aug 20, 2020 |
| Basis of Allotment | Aug 25, 2020 |
| Initiation of Refunds | Aug 26, 2020 |
| Credit of Shares to Demat | Aug 27, 2020 |
| Listing Date | Aug 28, 2020 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
However, the ride-hailing industry is also highly competitive, with several players vying for market share. In addition, changing regulations and evolving consumer preferences pose challenges for companies operating in this space. As a result, it is essential for companies like Hippo Cabs to continuously innovate and adapt to stay ahead of the competition and meet the changing needs of their customers.
Company Financials
Summary of financial Information (Restated)
| 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) |
Objects of the Issue
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.
Hippo Cabs IPO Prospectus
Company Contact Information
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/
Hippo Cabs IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: hippocabs.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Hippo Cabs IPO Lead Manager(s)
- Fast Track Finsec Pvt Ltd (Past IPO Performance)
