Travels & Rentals IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 29 Aug 2024
Close Date
Mon, 02 Sep 2024
Issue Price
₹ 40
Lot Size
3000
Issue Size
₹ 12.24 Cr
Minimum Investment
₹ 240,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Travels & Rentals IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹12.24 Crore, comprising a fresh issue of 30.60 Lakh equity shares aggregating to ₹12.24 Crore.
The Travels & Rentals IPO remained open for subscription from August 29, 2024, to September 02, 2024. The basis of allotment was finalized on September 03, 2024, and the company's shares were listed on BSE SME Platform on September 05, 2024.
The company had fixed the price at ₹40 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Finshore Management Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Travels & Rentals Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Travels & Rentals IPO Timeline (Tentative)
- IPO Open Date
- Thu, 29 Aug 24
- IPO Close Date
- Mon, 02 Sep 24
- Basis of Allotment
- Tue, 03 Sep 24
- Initiation of Refunds
- Wed, 04 Sep 24
- Credit of Shares to Demat
- Wed, 04 Sep 24
- Listing Date
- Thu, 05 Sep 24 — NSE & BSE
Open Date
29 August 2024
Close Date
02 September 2024
Basis Of Allotment
03 September 2024
Listing Date
05 September 2024
IPO Subscription
Check Live Subscription →The Travels & Rentals IPO has received bids for 0 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 14,53,500 shares, representing 47.5% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 0 shares (%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 153,000 | 5% |
| Others | 1,453,500 | 47.5% |
| Retail Investors | 1,453,500 | 47.5% |
| Total | 3,060,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Travels & Rentals Limited KPI Information
| Particular | KPI As On |
|---|---|
| ROE % | 26.72 |
| ROCE % | 27.54 |
| Debt / Equity | 0.32 |
| RoNW % | 20.06 |
| PbW | 2.2 |
| Pat Margin % | 36.91 |
Peers Comparison
No Peer Comparision Available
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
Travels & Rentals Limited Address / Contact Details
Travels & Rentals Limited
161, Lenin Sarani Dharmatala
Kolkata - 700013,
Phone: +91 33 40000777
Email: cs@travelsandrentals.com
Website: https://www.travelsandrentals.in
IPO Snapshot
Travels & Rentals IPO Lot Size
The Travels & Rentals IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹1,20,000 by applying for 1 lot (3,000 shares). The maximum application allowed for the retail category is 1 lots (3,000 shares), requiring an investment of ₹1,20,000.
| 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 |
Issue Reservation
- Market Maker — 5%
- Others — 47.5%
- RII — 47.5%
Book Running Lead Managers
- Finshore Management Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Travels & Rentals 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.
When will the Travels & Rentals IPO open for subscription?
The Travels & Rentals IPO opens on Thu, Aug 29, 2024 and closes on Mon, Sep 2, 2024
What is Travels & Rentals IPO Price Band?
Travels & Rentals IPO Price Band is ₹40 to 40 per share.
What is Travels & Rentals IPO Lot Size?
Travels & Rentals IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Travels & Rentals IPO?
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.
How to apply for Travels & Rentals IPO?
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.
What is Travels & Rentals IPO Issue Size?
Travels & Rentals IPO issue size is ₹12.24 crores.
What is the Travels & Rentals IPO Allotment Date?
Travels & Rentals IPO allotment date is Tue, Sep 3, 2024.
Who is the Travels & Rentals IPO Registrar?
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.
What is the Travels & Rentals IPO GMP?
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 55.00% over the issue price.
Who is the Travels & Rentals IPO Lead Manager?
The book-running lead managers (BRLMs) for the Travels & Rentals IPO are Finshore Management Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Travels & Rentals IPO Red Herring Prospectus (RHP).