Travels & Rentals Limited IPO
BSE SMEListed On: Sep 5, 2024 at ₹ 55.0
₹ 120000 /3000 Shares
Check Allotment29 Aug, 2024
Open Date02 Sep, 2024
Close Date03 Sep, 2024
Allotment Date05 Sep, 2024
Listing DateIssue Price
₹40 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedList Price
55.0Listing Date
2024-09-05Market Lot
3000 Shares (₹120,000/-)Lead Manager
Finshore Management Services LimitedIssue Size
3,060,000 shares(aggregating up to ₹12.24 Cr)Retail Portion
50%Subscription
609.90 timesTravels & 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 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
EPS Pre IPO
₹3.64/-EPS Post IPO
₹2.65/-P/E Pre IPO
10.98P/E Post IPO
15.11ROE
26.72%ROCE
27.54%Debt/Equity
0.32RoNW
20.06%PAT Margin
36.91Price to Book Value
2.20Travels & 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 |
| 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 The 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)
Pre Issue Share Holding: 86.48%
Post Issue Share Holding: 62.86%
- Mr. Devendra Bharat Parekh
- Mrs. Karuna Parekh
- Mrs. Anupama Singhi
- Mr. Tushar Singhi
Travels & Rentals IPO - Issue Objectives
- Working Capital Requirement
- General Corporate Expenses
Other Details
Travels & Rentals
161, Lenin Sarani, Dharmatala, Kolkata - 700013Cameo Corporate Services Limited
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.
