Travels & Rentals Limited IPO
BSE SMEListed On: Sep 5, 2024 at ₹ 55.0
₹ 240000 /6000 Shares
*Min Investment
29 Aug, 2024
Open Date02 Sep, 2024
Close Date03 Sep, 2024
Allotment Date05 Sep, 2024
Listing DateTravels & Rentals IPO Issue Details
- Issue Price ₹40 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 30,60,000 shares(aggregating up to ₹12.24 crore)
- Fresh Share 30,60,000 shares(aggregating up to ₹12.24 crore)
- Listing at BSE SME
- List Price 55.0
- Listing Date 2024-09-05
- Lead Manager Finshore Management Services Limited
- Registrar Cameo Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,20,000 |
| Retail(max) | 1 | 3000 | ₹1,20,000 |
| NII (min) | 2 | 6000 | ₹2,40,000 |
Travels & Rentals IPO Reservation
Travels & Rentals IPO offers total 30,60,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,14,53,500 (47.5%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 1,53,000 (5%) | |
| Retail Shares Offered | 14,53,500 (47.5%) | |
| Total Shares Offered | 30,60,000 (100%) |
Travels & Rentals IPO Details
Travels & Rentals Limited IPO is an SME IPO, priced at ₹40 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 30,60,000 equity shares, aggregating up to ₹12.24 crores..
The IPO bidding window is open from Aug 29, 2024 to Sep 2, 2024. The allotment is expected to be finalized on Sep 3, 2024, and the tentative listing date is Sep 5, 2024.
The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.
Finshore Management Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Black Fox Financial Private Limited will act as the market maker for this issue.
Travels & Rentals IPO Subscription Analysis And 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 |
Travels & Rentals Valuations
Travels & Rentals Company Financials
| 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 |
| Net Worth | 1,478.48 | 741.52 | 490.88 |
| Reserves & Surplus | 664.21 | 540.33 | 314.69 |
| Total Borrowing | 470.94 | 560.97 | 755.41 |
About Travels & Rentals Company
Incorporated in 1996, Travels & Rentals Limited offers all possible travel products and services to cater to the complete travel solution. Products of the company include airline tickets, hotels, tour packages, rail tickets, and also additional products such as travel insurance, processing passport and visa, and tickets to site seeing and other activities.
Products /services:
Air ticketing - domestic as well as international flights
Packaged Tours - inbound as well as outbound customized tours
Hotel Reservations - global hotel reservation and packages.
Visa, Passport, Insurance and other related specialized services.
The company enjoys a solid network with travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia.
The company is IATA accredited in Geneva, Switzerland. The company is also recognized by the Ministry of Tourism, Government of India and a member of the Travel Agent Association of India (TAAI) and Indian Association of Tour Operators (IATO).
The company has 58 employees as on March 31, 2024.
Travels & Rentals - Promoter(s)
Mr. Devendra Bharat Parekh
Mrs. Karuna Parekh
Mrs. Anupama Singhi
Mr. Tushar Singhi
Pre Issue Share Holding : 86.48%
Post Issue Share Holding : 62.86%
Travels & Rentals IPO - Issue Objectives
Working Capital Requirement
General Corporate Expenses
Travels & Rentals IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Travels & Rentals Limited | 3.64 | 3.64 | 18.16 | 10.99 | 20.06 | 2.22 | Standalone |
| Sailani Tours N Travels Ltd | 0.63 | 0.63 | 15.41 | 38.73 | 4.1 | 1.6 | Standalone |
Notes:
- CMP as on 17/08/2024 for Peer Group and IPO price for Travels & Rentals Ltd.
Contact Details
Travels & Rentals
161, Lenin Sarani, Dharmatala, Kolkata - 700013
+91 33 40000777
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Travels & Rentals Limited IPO is 3,060,000 shares(aggregating up to ₹12.24 Cr).
Ans. The Travels & Rentals Limited IPO price band is set between ₹40 per equity share.
Ans. To apply for Travels & Rentals Limited 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 Travels & Rentals Limited IPO allotment status online.
