Travels & Rentals Limited IPO

BSE SME

Listed On: Sep 5, 2024 at ₹ 55.0

₹ 120000 /3000 Shares

Check Allotment

Travels & Rentals IPO Details

29 Aug, 2024

Open Date

02 Sep, 2024

Close Date

03 Sep, 2024

Allotment Date

05 Sep, 2024

Listing Date

Issue Price

₹40 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Cameo Corporate Services Limited

List Price

55.0

Listing Date

2024-09-05

Market Lot

3000 Shares (₹120,000/-)

Lead Manager

Finshore Management Services Limited

Issue Size

3,060,000 shares(aggregating up to ₹12.24 Cr)

Retail Portion

50%

Subscription

609.90 times

IPO Docs

DRHP RHP

Travels & Rentals IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,453,500	1,453,500	2,907,000
Day 1 - 29-08-24 06:00 PM	0.92 x	7.01 x	3.97 x
Day 2 - 30-08-24 06:00 PM	3.27 x	20.24 x	11.75 x
Day 3 - 02-09-24 06:00 PM	754.69 x	426.74 x	609.90 x

Total No. of Applications: 2,58,337 (Approx)

Travels & Rentals Valuations

EPS Pre IPO

₹3.64/-

EPS Post IPO

₹2.65/-

P/E Pre IPO

10.98

P/E Post IPO

15.11

RoNW

20.06%

Travels & Rentals Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	2,469.85	1,647.11	1,334.29
Revenue	803.54	579.06	290.59
Profit After Tax	296.55	150.64	69.01

About The Company

Travels & Rentals Limited provides a wide range of travel-related products and services for complete travel solutions. The company offers airline tickets, hotels, tour packages, rail tickets, as well as additional services like travel insurance, passport & visa processing, and tickets for activities and attractions.

The products/services of the company include the following:
Air ticketing - domestic and international flights
Packaged Tours - inbound and outbound customised tours
Hotel Reservation - worldwide hotel reservation and packages.
Visa, Passport, Insurance and other related specialized services.

The company has a strong network with travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia.

The company is accredited by the International Air Transport Association (IATA) in Geneva, Switzerland. It is also recognized by the Ministry of Tourism, Government of India and is a member of both the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO).As of March 31, 2024 the company has 58 employees.

Travels & Rentals - Promoter(s)

Pre Issue Share Holding: 86.48%

Post Issue Share Holding: 62.86%

Company Promoter(s)

Mr. Devendra Bharat Parekh
Mrs. Karuna Parekh
Mrs. Anupama Singhi
Mr. Tushar Singhi

Travels & Rentals IPO - Issue Objectives

Working Capital Requirement
General Corporate Expenses

Travels & Rentals IPO - FAQs

Ans. Travels & Rentals Limited IPO is a SME IPO. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Aug 29, 2024, and closes on Sep 2, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Travels & Rentals Limited IPO opens on Aug 29, 2024 and closes on Sep 2, 2024.

Ans. The size of Travels & Rentals Limited IPO is 3,060,000 shares(aggregating up to ₹12.24 Cr).

Ans. The IPO price band is set between ₹40 per equity share.

Ans. To apply for Travels & Rentals Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Travels & Rentals Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Travels & Rentals Limited IPO is Sep 3, 2024.

Ans. The Travels & Rentals Limited IPO will be listed on Sep 5, 2024.

Ans. Follow the steps to check the allotment status for Travels & Rentals Limited IPO here.