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Travels & Rentals IPO is a fixed price issue of ₹12.24 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹12.24 crore.
Travels & Rentals IPO bidding started from Aug 29, 2024 and ended on Sep 2, 2024. The allotment for Travels & Rentals IPO was finalized on Sep 3, 2024. The shares got listed on BSE SME on Sep 5, 2024.
Travels & Rentals IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Black Fox Financial Pvt.Ltd..
Refer to Travels & Rentals IPO RHP for detailed Information.
| IPO Date | August 29, 2024 to September 2, 2024 |
| Listing Date | September 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,60,000 shares (aggregating up to ₹12.24 Cr) |
| Reserved for Market Maker | 1,53,000 shares Black Fox Financial Pvt.Ltd. (aggregating up to ₹0.6120 Cr) |
| Net Offered to Public | 29,07,000 shares (aggregating up to ₹11.63 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 81,42,685 shares |
| Share Holding Post Issue | 1,12,02,685 shares |
Travels & Rentals IPO offers total 30,60,000 shares. Out of which 14,52,000 (47.45%) allocated to NII, 14,55,000 (47.55%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,53,000 (5.00%) |
| NII (HNI) Shares Offered | 14,52,000 (47.45%) |
| Retail Shares Offered | 14,55,000 (47.55%) |
| Total Shares Offered | 30,60,000 (100.00%) |
Travels & Rentals IPO opens on August 29, 2024, and closes on September 2, 2024.
| IPO Open Date | Thu, Aug 29, 2024 |
| IPO Close Date | Mon, Sep 2, 2024 |
| Tentative Allotment | Tue, Sep 3, 2024 |
| Initiation of Refunds | Wed, Sep 4, 2024 |
| Credit of Shares to Demat | Wed, Sep 4, 2024 |
| Tentative Listing Date | Thu, Sep 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 2, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, Travels & Rentals Limited provides a wide range of travel-related products and services for complete travel solutions. The company offers airline tickets, hotels, tour packages, rail tickets, as well as additional services like travel insurance, passport & visa processing, and tickets for activities and attractions.
The products/services of the company include the following:
The company has a strong network with travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia.
The company is accredited by the International Air Transport Association (IATA) in Geneva, Switzerland. It is also recognized by the Ministry of Tourism, Government of India and is a member of both the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO).
As of March 31, 2024 the company has 58 employees.
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 | 2,469.85 | 1,647.11 | 1,334.29 |
| Total Income | 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 and Surplus | 664.21 | 540.33 | 314.69 |
| Total Borrowing | 470.94 | 560.97 | 755.41 |
| Amount in ₹ Lakhs | |||
The market capitalization of Travels & Rentals IPO is ₹44.81 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 26.72% |
| ROCE | 27.54% |
| Debt/Equity | 0.32 |
| RoNW | 20.06% |
| PAT Margin | 36.91% |
| Price to Book Value | 2.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.64 | 2.65 |
| P/E (x) | 10.98 | 15.11 |
The company proposes to utilize the funds which are being raised through this Issue towards the below-mentioned objects:
[Dilip Davda] The company is providing all travel/visa related products and services under one roof. It has tie-up with LCCI and is registered with TAAI and IATO. The company has reported steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | September 5, 2024 |
| BSE Script Code | 544242 |
| NSE Symbol | |
| ISIN | INE0SG001011 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹55.00 |
| Low | ₹52.25 |
| High | ₹57.75 |
| Last Trade | ₹57.75 |
Travels & Rentals Ltd.
161, Lenin Sarani
Dharmatala
Kolkata - 700013,
Kolkata, West Bengal
Phone: +91 33 40000777
Email: cs@travelsandrentals.com
Website: https://www.travelsandrentals.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Travels & Rentals IPO is a SME IPO of 30,60,000 equity shares of the face value of ₹10 aggregating up to ₹12.24 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on August 29, 2024, and closes on September 2, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Travels & Rentals IPO using UPI as a payment gateway. Zerodha customers can apply in Travels & Rentals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Travels & Rentals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Travels & Rentals IPO opens on August 29, 2024 and closes on September 2, 2024.
Travels & Rentals IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Travels & Rentals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Travels & Rentals IPO will be done on Tuesday, September 3, 2024, and the allotted shares will be credited to your demat account by Wednesday, September 4, 2024. Check the Travels & Rentals IPO allotment status.
The Travels & Rentals IPO listing date is on Thursday, September 5, 2024.
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