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…
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 expertiseWorkforce 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.
📍 B-2, Third Floor, Derawal Nagar Near Model Town Metro Station, Gujranwala Colony…
📞 +91 9289100302
✉️ cs@watranarentals.com
Watrana Rentals Ltd IPO About the Company
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 expertiseWorkforce 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.
Watrana Rentals Ltd IPO Analysis
Pros
ROE of 8.59% indicates good return on equity.
ROCE of 4.87% shows efficient capital usage.
PAT margin of 14.37%.
Cons
Detailed analysis available after listing.
Pros and cons are machine generated. Please exercise caution and do your own analysis.
Watrana Rentals Ltd IPO Subscription Status
Consolidated figures
Metric
QIB
NII (HNI)
Retail
Total
Subscription
—
—
—
—
Shares
23,22,000
6,98,400
16,29,600
49,02,000
Bids
—
—
—
—
▼ Category-wise Detailed Breakdown
Category
Subscription
Offered
Bid Shares
Amt (₹ Cr)
QIB
-
23,22,000
—
₹56.89
NII (HNI)
-
6,98,400
—
₹17.11
Retail
-
16,29,600
—
₹39.93
Market Maker
1.00×
2,52,000
2,52,000
₹6.17
Total
-
49,02,000
2,52,000
₹120.10 Cr
Applications: -Total Bid Amount: ₹120.10 Cr
Watrana Rentals Ltd IPO Profit & Loss
Figures in ₹ Crores / Amount in ₹ Crore
Metric
30 Jun 2026
31 Mar 2026
31 Mar 2025
Revenue
53.62
211.69
179.66
EBITDA
18.13
65.01
51.77
Profit After Tax
7.68
29.16
24.43
Net Worth
93.24
85.55
56.39
Total Assets
301.71
287.07
201.82
Reserves
83.23
75.54
46.38
Borrowings
164.72
164.08
110.54
Sales Growth
3 Years:
235.1%
Latest:
179.66 Cr
Profit Growth
3 Years:
218.1%
Latest PAT:
24.43 Cr
Return on Equity
ROE:
8.59%
ROCE:
4.87%
Watrana Rentals Ltd IPO Key Financial Ratios
Profitability
ROE8.59%
ROCE4.87%
RONW7.67%
PAT Margin14.37%
EBITDA Margin33.91%
Valuation
Pre EPS25.49
Post EPS18.80
Pre P/E9.61×
Post P/E13.03×
P/BV2.63×
Leverage & Growth
Sales Growth (3yr)+235.1%
Profit Growth (3yr)+218.1%
Latest Revenue179.66 Cr
Latest PAT24.43 Cr
Watrana Rentals Ltd IPO Objects of the Issue
1Purchase of material handling equipment (MHE), aerial work platform (AWP) and batteries₹98.13 Cr
2General Corporate Purposes
Watrana Rentals Ltd IPO Schedule & Important Dates
IPO Open
2026-11-19
Upcoming
IPO Close
2026-11-23
Upcoming
Allotment
2026-11-25
Upcoming
Refund
2026-11-26
Upcoming
Demat Credit
2026-11-26
Upcoming
Listing
2026-11-27
Upcoming
Watrana Rentals Ltd IPO Lot Size & Investment Details