Travels & Rentals IPO
Travels & Rentals is a BSE SME IPO listed on the BSE SME platform, priced at ₹40 per share. The stock debuted at ₹55, delivering a listing gain of 37.5%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,20,000.
Travels & Rentals Limited IPO
- IPO Dates
- Aug 29, 2024 – Sep 2, 2024
- Price band
- ₹40 per equity share
- Minimum Investment
- ₹1,20,000
- Issue size
- ₹12.24 Cr
- Lot size
- 3000
- Allotment Date
- Sep 3, 2024
- Listing
- Sep 5, 2024
- Listing At
- BSE SME
IPO timeline
-
Aug 29, 2024
Open Date
Completed
-
Sep 2, 2024
Close Date
Completed
-
Sep 3, 2024
Allotment Date
Completed
-
Sep 5, 2024
Listing Date
Completed
Travels & Rentals IPO Essentials
Travels & Rentals IPO Details
Travels & Rentals IPO is priced at ₹40 per share with a total issue size of 12.24 crore. The IPO has a lot size of 3000 shares and is listed on BSE SME.
- Issue price
- ₹40 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,060,000 shares(aggregating up to ₹12.24 Cr)
- Total issue size
- 30,60,000 shares
(aggregating up to ₹12.24 crore) - Fresh issue
- 30,60,000 shares
(aggregating up to ₹12.24 crore) - Listing at
- BSE SME
- List price
- 55.0
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Finshore Management 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 reservation details show category-wise allocation of shares. Out of the total 30,60,000 shares, approximately 47.5% for retail investors, and 5% for market maker.
| 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 Analytics
Travels & Rentals IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Travels & Rentals IPO Subscription Status
Travels & Rentals IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹3.64/-
- EPS Post IPO
- ₹2.65/-
- P/E Pre IPO
- 10.98
- P/E Post IPO
- 15.11
Returns
- ROE
- 26.72%
- ROCE
- 27.54%
- RoNW
- 20.06%
- PAT Margin
- 36.91
Fundamentals
- Debt / Equity
- 0.32
- Price / Book
- 2.20
Travels & Rentals Financials( In Lakhs)
| 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 |
Travels & Rentals Company & Offer Insights
About Travels & Rentals
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 are the company's promoters of Travels & Rentals.
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 Information
Contact Details
Travels & Rentals
+91 33 40000777
https://www.travelsandrentals.in/
161, Lenin Sarani, Dharmatala, Kolkata - 700013
Registrar Contact Details
Cameo Corporate Services Limited
+91-44-28460390
Frequently Asked Questions
Click any question to reveal the answer
Travels & Rentals IPO is a Fixed Priced IPO worth ₹12.24 crore. The issue price is ₹40 per share (fixed price). The IPO opens on Aug 29, 2024 and closes on Sep 2, 2024. It will be listed on BSE SME Platform. Cameo Corporate Services Limited is the registrar.
The issue price of Travels & Rentals IPO is ₹40 per share (fixed price).
The lot size of Travels & Rentals IPO is 3000 shares.
The minimum investment for Travels & Rentals IPO is approximately ₹1,20,000 based on the issue price .
Travels & Rentals IPO opens on Aug 29, 2024 and closes on Sep 2, 2024.
The allotment date of Travels & Rentals IPO is Sep 3, 2024.
Travels & Rentals IPO is expected to be listed on Sep 5, 2024, on BSE SME Platform.
Travels & Rentals IPO valuation snapshot: P/E 15.11, EPS ₹2.65/-, P/B 2.20, RoNW 20.06%, and market cap N/A.
To apply for Travels & Rentals IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Travels & Rentals IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Travels & Rentals IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Travels & Rentals IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Travels & Rentals IPO allotment status on IPO Ji for quick and easy access.