Travels & Rentals IPO Details
The Travels & Rentals IPO is a fixed price issue with a total issue size of ₹12.24 cr, comprising of fresh issue of 3060000 equity shares. Travels & Rentals IPO opened for subscription on Aug 29, 2024 and closed on Sep 02, 2024. Travels & Rentals IPO has set the price at ₹40 per share, with a lot size of 3000 shares. Minimum investment for Retail investors was ₹240,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 03, 2024, and listed on both the NSE and BSE on Sep 05, 2024.
Cameo Corporate Services Limited has been appointed as the registrar. Finshore Management Services Limited are the Book Running Lead Manager for the issue.
Before investing in the Travels & Rentals IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 40 – 40
- Lot Size
- 3000
- Issue Size
- ₹12.24 Cr
- Minimum Investment
- ₹240000 (6000 Shares)
- Listing Date
- 05 September 2024
Current GMP
₹22 (+55.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Travels & Rentals Limited
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.
Travels & Rentals IPO 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%
Travels & Rentals IPO Objective
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
Book Running Lead Managers
- Finshore Management Services Limited
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 with a total issue size of ₹12.24 crore. The Travels & Rentals IPO price band is ₹40 to 40 per share. The Travels & Rentals IPO subscription opens on Thu, Aug 29, 2024, and closes on Mon, Sep 2, 2024. The Travels & Rentals IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the Travels & Rentals IPO.
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 per share.
Travels & Rentals IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
The minimum investment for Travels & Rentals IPO is ₹240000, based on one lot of 3000 shares at the upper price band of ₹40 per share.
Investors can apply for the Travels & Rentals IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 2, 2024. The application amount remains blocked until the Travels & Rentals IPO allotment is finalized.
Travels & Rentals IPO issue size is ₹12.24 crores.
Travels & Rentals IPO allotment date is Wed, Jul 1, 2026.
The registrar for Travels & Rentals IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Travels & Rentals IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.