Travels & Rentals Limited IPO Overview
Travels & Rentals is launching a fixed-price IPO, aiming to raise ₹12.24 crores through a fresh issue of 30.6 lakh shares. The IPO is set to open for subscription on August 29, 2024, and will close on September 2, 2024.
IPO Price and Investment Requirements
The IPO is priced at ₹40 per share, with a minimum lot size of 3,000 shares. Retail investors need to invest a minimum of ₹120,000, while High Net Worth Individuals (HNIs) can participate with a minimum of 2 lots (6,000 shares), requiring an investment of ₹240,000.
Listing and Allotment Dates
The allotment for the Travels & Rentals IPO is expected to be finalized on September 3, 2024, with the shares listed on the BSE SME on September 5, 2024.
Management and Registrar
Finshore Management Services Limited is serving as the book-running lead manager for the IPO, with Cameo Corporate Services Limited acting as the registrar. Black Fox Financial is the market maker for this issue.
For detailed information, refer to the Travels & Rentals IPO RHP.
Travels & Rentals Limited IPO Important dates
Travels & Rentals IPO opens on August 29, 2024, and closes on September 2, 2024.
| IPO Open Date | Thursday, August 29, 2024 |
| IPO Close Date | Monday, September 2, 2024 |
| Basis of Allotment | Tuesday, September 3, 2024 |
| Initiation of Refunds | Wednesday, September 4, 2024 |
| A credit of Shares to Demat | Wednesday, September 4, 2024 |
| Listing Date | Thursday, September 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 2, 2024 |
Travels & Rentals Limited Financial Performance
Travels & Rentals Limited’s revenue increased by 39% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹24.70 | ₹16.47 | ₹13.34 |
| Revenue | ₹8.04 | ₹5.79 | ₹2.91 |
| Profit After Tax (PAT) | ₹2.97 | ₹1.51 | ₹0.69 |
| Net Worth | ₹14.78 | ₹7.42 | ₹4.91 |
| Reserves and Surplus | ₹6.64 | ₹5.40 | ₹3.15 |
| Total Borrowing | ₹4.71 | ₹5.61 | ₹7.55 |
Travels & Rentals Limited Key Performance Indicator
The market capitalization of Travels & Rentals IPO is Rs 44.81 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 26.72% |
| ROCE | 27.54% |
| Debt/Equity | 0.32 |
| RoNW | 20.06% |
| P/BV | 2.2 |
| PAT Margin (%) | 36.91 |
Travels & Rentals Limited IPO Objectives
The company proposes to utilize the funds that are being raised through this Issue towards the below-mentioned objects:
- Working Capital Requirement
- General Corporate Expenses
Travels & Rentals Limited IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below 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 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
Travels & Rentals Limited IPO Details
| IPO Date | August 29, 2024 to September 2, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,060,000 shares (aggregating up to ₹12.24 Cr) |
| Fresh Issue | 3,060,000 shares (aggregating up to ₹12.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre-issue | 8,142,685 |
| Shareholding post issue | 11,202,685 |
| Market Maker portion | 153,000 shares |
Travels & Rentals Limited: Company Overview and Services
Incorporated in 1996, Travels & Rentals Limited has established itself as a leading provider of comprehensive travel solutions. The company offers a diverse range of travel-related products and services, catering to the needs of both individual and corporate travellers.
Wide Range of Travel Services
Travels & Rentals Limited specializes in air ticketing for both domestic and international flights. In addition, the company offers customized packaged tours, including inbound and outbound options, as well as worldwide hotel reservations and packages. Their portfolio also includes specialized services such as travel insurance, passport and visa processing, and tickets for various activities and attractions.
Global Network and Accreditations
The company boasts a strong network of travel agents across major regions, including Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia. Travels & Rentals Limited is accredited by the International Air Transport Association (IATA) in Geneva, Switzerland, and is recognized by the Ministry of Tourism, Government of India. Additionally, the company is a proud member of the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO).
Dedicated Workforce
As of March 31, 2024, Travels & Rentals Limited employs 58 dedicated professionals, committed to delivering exceptional travel services to their clients.
Travels & Rentals Limited IPO GMP Details
Travels & Rentals SME IPO last GMP is ₹20, last updated Sep 2nd 2024 10:02 AM. With a price band of 40.00, Travels & Rentals SME IPO’s estimated listing price is ₹60. The expected percentage gain/loss per share is 50.00%.
The lowest GMP is ₹8, while the highest is ₹20. Stay with us to know the daily price trend of Travels & Rentals SME IPO GMP with an expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 02-09-2024 Close | 40.00 | ₹20  |
45600 | ₹60 (50%) | 2-Sep-2024 |
| 01-09-2024 | 40.00 | ₹20  |
45600 | ₹60 (50%) | 1-Sep-2024 |
| 31-08-2024 | 40.00 | ₹18 |
41000 | ₹58 (45%) | 31-Aug-2024 |
| 30-08-2024 | 40.00 | ₹16 |
36500 | ₹56 (40%) | 30-Aug-2024 |
| 29-08-2024 Open | 40.00 | ₹14 |
31900 | ₹54 (35%) | 29-Aug-2024 |
| 28-08-2024 | 40.00 | ₹12 |
27400 | ₹52 (30%) | 28-Aug-2024 |
Travels & Rentals Limited IPO subscription status
Travels & Rentals IPO subscribed 43.48 times. The public issue subscribed 51.82 times in the retail category, [.] times in QIB, and 35.15 times in the NII category by September 2, 2024.
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Market Maker | 1 | 1,53,000 | 1,53,000 | 0.61 |
| Non-Institutional Buyers*** | 35.15 | 14,53,500 | 5,10,87,000 | 204.35 |
| Retail Investors | 51.82 | 14,53,500 | 7,53,18,000 | 301.27 |
| Total ** | 43.48 | 29,07,000 | 12,64,05,000 | 505.62 |
Total Application: 39,705
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- ***: Market Maker portion is not included in NII/HNI.
Travels & Rentals IPO Subscription Details (times)
| Date | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Aug 29, 2024 |
0.92 | 7.01 | 3.97 |
| Day 2 Aug 30, 2024 |
3.27 | 20.24 | 11.75 |
| Day 3 Sep 2, 2024 |
35.15 | 51.82 | 43.48 |
Travels & Rentals Limited IPO Allotment status
The basis of allotment for Travels & Rentals IPO is available now.
To check Travels & Rentals IPO allotment status, follow the steps below:
- Click on the allotment status Here.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Cameo Corporate Services Limited either by phone or email. Investors can call on +91-44-28460390 or send an email with all relevant details to investor@cameoindia.com.
Travels & Rentals Limited Contact Details
Travels & Rentals Limited
161, Lenin Sarani
Dharmatala
Kolkata – 700013,
Phone: +91 33 40000777
Email: cs@travelsandrentals.com
Website: https://www.travelsandrentals.in/
Here is the list of Upcoming SME IPO in August 2024
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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