SME
IPO ·
NSE Emerge
Watrana Rentals Ltd
Upcoming
Rents out forklifts and other material handling equipment to industrial and logistics customers, and trades in such equipment and its batteries.
Issue details
Price band
₹232 – ₹245
Face value
₹10
Lot size
600 shares
Minimum investment
₹2,94,000
Issue size
₹120.10 Cr
Fresh issue
₹120.10 Cr
Offer for sale
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Issue type
Book Built
Exchange
NSE Emerge
Key dates
Opens
19 Nov 2026
Closes
23 Nov 2026
Allotment
25 Nov 2026
Refunds
26 Nov 2026
Shares in demat
26 Nov 2026
Listing
27 Nov 2026
Subscription and listing
Subscription
Not open yet
Listing price
Not listed yet
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Oneview Corporate Advisors Pvt Ltd
Issue structure
Shares reserved per category and share of the total issue
About the company
Watrana Rentals, incorporated in 2019 and based in New Delhi, provides material handling equipment such as forklifts, electric stackers and pallet trucks on rent, and also trades in new and used equipment and batteries. Its customers include automotive, tyre, beverage, glass, paper, logistics and warehousing businesses. As of June 2026 it owned 2,646 MHE units and 33 aerial work platforms and had 3,883 employees; total income was ₹211.69 Cr in FY26.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
41.08%
ROCE
19.06%
Debt / equity
2.91
PAT margin
13.80%
P/E post issue
13.03x
Market cap
₹400.34 Cr
Use of IPO money
Purchase of material handling equipment, aerial work platforms and batteries
₹98.13 Cr
General corporate purposes
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.