Travels & Rentals IPO
Open SmeCurrent GMP
₹22 (+55.00%)
Price Band
₹ 40 – 40
Lot Size
3000
Issue Size
₹12.24 Cr
Minimum Investment
₹240000 (6000 Shares)
Listing Date
05 September 2024
Subscription
230257x
About the Company
Travels & Rentals Limited has been a franchisee of Lufthansa City Center International GmbH (LCCI) since 2010, operating under the name “Business Plus Lufthansa City Center” in India since 2013. LCCI boasts a global network of travel agency franchises in 580 locations across 105 countries. As a franchisee of Lufthansa City Center, the company is authorized to utilize the brand name for its business activities. Recently, the company has also signed a Sales and Marketing Agreement with Group Voyagers Inc., known for the trade names Globus, Cosmos, and Avalon Waterways (“Globus family of brands”), to sell their travel products in India.
Travels & Rentals provides a wide range of travel-related products and services, including airline tickets, hotels, packages, and rail tickets, as well as additional services like travel insurance, passport & visa processing, and tickets for activities and attractions. They are accredited by IATA, recognized by the Ministry of Tourism, and the Government of India, and are members of TAAI and IATO.
The key services offered by the company include Travel Planning & Support, Travel Account Management, Visa, Passport, and other documentation services, MIS Reporting, APAC & MEA Hub Services, VIP Travel Services, 24/7 Travel Support, and Post Travel Analysis and Reporting.
Promoters
The promoters of the company are
- Mr. Devendra Bharat Parekh
- Mrs. Karuna Parekh
- Mrs. Anupama Singhi
- Mr. Tushar Singhi
Promoters Holding
Holding Pre Issue
86.48%
Holding Post Issue
62.86%
Objects of the Issue
The company proposes to utilize the funds which are being raised through this Issue towards the below-mentioned objects:
- Working Capital Requirement
- General Corporate Expenses
Address / Contact Info
Travels & Rentals Limited
161, Lenin Sarani Dharmatala
Kolkata - 700013,
Phone: +91 33 40000777
Email: cs@travelsandrentals.com
Website: https://www.travelsandrentals.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 29 August 2024
IPO Close Date
Monday, 02 September 2024
Basis of Allotment
Tuesday, 03 September 2024
Initiation of Refunds
Wednesday, 04 September 2024
Credit of Shares to Demat
Wednesday, 04 September 2024
Listing Date
Thursday, 05 September 2024 — NSE & BSE
Important Dates
Open Date
29 August 2024
Close Date
02 September 2024
Basis Of Allotment
03 September 2024
Listing Date
05 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 2469.85 | 1647.11 | 1334.29 |
| Revenue | 803.54 | 579.06 | 290.59 |
| Profit After Tax | 296.55 | 150.64 | 69.01 |
| Net Worth | 1478.48 | 741.52 | 490.88 |
| Reserve & Surplus | 664.21 | 540.33 | 314.69 |
| Total Borrowings | 470.94 | 560.97 | 755.41 |
EPS Pre
3.64%
EPS Post
2.65%
P/E Pre
10.98
P/E (Post Issue)
15.11x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 26.72 |
| ROCE % | 27.54 |
| Debt / Equity | 0.32 |
| RoNW % | 20.06 |
| PbW | 2.2 |
| Pat Margin % | 36.91 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 153000 | 5 | 0 |
| Others | 1453500 | 47.5 | 0 |
| Retail Investors | 1453500 | 47.5 | 0 |
| Total | 3060000 | 100 | 0 |
Subscription Status ( Sat, 07 Sep 24 05:10 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 47058000 | 0x |
| Non-Institutional | 0 | 1097040000 | 0x |
| Retail Investors | 0 | 625050000 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 120,000.00 |
| Retail (Max) | 1 | 3,000 | 120,000.00 |
| S-HNI (Min) | 2 | 6,000 | 240,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Finshore Management Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Travels & Rentals IPO is a Fixed price IPO worth ₹12.24 crores. The price band is ₹40 to 40 per share. The IPO opens on Thu, Aug 29, 2024 and closes on Mon, Sep 2, 2024. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Travels & Rentals IPO opens on Thu, Aug 29, 2024 and closes on Mon, Sep 2, 2024
Travels & Rentals IPO Price Band is ₹40 to 40.
Travels & Rentals IPO lot size is 3000, and the minimum amount required for application is ₹240000.
The minimum investment for Travels & Rentals IPO is approximately ₹240000 based on the upper price band.
To apply for the Travels & Rentals IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 2, 2024. After submission, funds are blocked until the basis of allotment of Travels & Rentals IPO is finalised.
Travels & Rentals IPO issue size is ₹12.24 crores.
Travels & Rentals IPO allotment date is Sat, Jun 27, 2026.
The registrar for Travels & Rentals IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Travels & Rentals IPO through their official website or helpline.
The Travels & Rentals IPO GMP (Grey Market Premium) is ₹22 as of Mon, Sep 2, 2024. Based on the upper price band of ₹40 per share, the estimated Travels & Rentals IPO listing price is ₹62, indicating a potential listing gain of approximately 31% over the issue price.