Naturewings Holidays IPO

Incorporated on December 19, 2018, they are a tourism company with their primary focus being the entire Himalayan destination across India, Nepal and Bhutan. They offer end-to-end travel solutions, including land and air bookings, hotel bookings, in-transit arrangements, local sightseeing and other destination management services.

They also design travel packages for both B2C and B2B clients travelling to Himalayan destinations. In recent times, they have also started providing value-added services such as travel-related foreign exchange & payment solutions.

The travel market in India is projected to reach US$ 125 billion by FY 2027 from an estimated US$ 75 billion in FY 2020, i.e. increasing by a CAGR of 10.76%. The growing sector can help organised businesses like NatureWings to expand their revenues, especially by increasing the number of destinations offered.

Naturewings Holidays IPO Strengths

• They have focused on building a brand as a Himalayan range specialist destination management travel company. They are one of the few Indian companies that are registered with the Tourism Council of Bhutan.
• Organic and unpaid traffic from Google and other digital channels has increased substantially over the years, from 1,084 in FY 2021 to 11,662 in FY 2023.
• They are building a seamless and integrated technology platform that meets all their travel needs. Their service offerings and quality act as an incentive to employees who use the B2B corporate travel platform to cross-pollinate and transact with NatureWings for their personal travel needs on their B2C platform.

Naturewings Holidays IPO Risks

• The travel market of India, Nepal and Bhutan is intensely competitive. Their success depends upon our ability to compete effectively against numerous established and emerging competitors, including online and offline travel agencies, both in India and outside India.
• Future lockdowns due to COVID-19-like diseases may adversely affect their revenues.
• The quality of their service is dependent on that of other third parties, such as the hotels, car agencies, etc., that they hire. Issues in the quality of these third-parties may affect the brand and revenue of NatureWings.